Shashi Kiran Shetty

Shashi Kiran Shetty
Born (1959-06-07) 7 June 1959
Bantwal, Mangalore, India
Residence Mumbai, India
Occupation Chairman,
Allcargo Logistics Ltd & ECU Hold NV (Belgium)
Spouse(s) Arathi Shetty
Children 2

Shashi Kiran Shetty (born 7 June 1959) is the founder and chairman of Allcargo Logistics, part of the AVVASHYA Group.

Shetty started his career in the logistics industry in 1978 with Intermodal Transport and Trading Systems Private Limited, and subsequently moved to Forbes Gokak, a Tata Group company.[1]

He established his first business venture in 1982 with just one forklift; today Allcargo Logistics is considered India's first integrated global player in the logistics sector with 300+ offices in 160+ countries.

Shetty is one of the very few global Indians to be conferred with the highest civilian honor "Distinction of Commander of the Order of Leopold II", by His Royal Highness King Philippe, King of the Belgians.[2]

Career

Shetty has a bachelor's degree in commerce from Shri Venkatramana Swamy College, Mangalore, Karnataka. He moved to Mumbai for employment.[3]

Starting his career in the logistics industry in 1978 with Intermodal Transport and Trading Systems Private Limited, Mumbai, he subsequently moved to Forbes Gokak, a Tata Group company.[4]

With initial savings as seed funding of Rs. 25,000, Shetty at the age of 25 established his first business venture, Trans India Freight Services Pvt. Ltd.

In 1992, Shetty started Allcargo Logistics Ltd., with a vision to be an integrated logistics service provider. Under his stewardship Allcargo was the first company in India to introduce LCL (Less than Container Load) services.[5]

In 1995, Allcargo Logistics became an agent of Belgium-based ECU Line NV, the world's second largest LCL firm. Ten years later, Allcargo took 33.8% stake in ECU Line, now ECU Worldwide, and in the following year acquired the entire company. At the time of the takeover, ECU Line's revenue was five times the acquirer's revenue.[6][7]

In 2013, Allcargo Logistics acquired US based Econocaribe Consolidators and a controlling stake in Netherlands-based logistics company FCL Marine Rotterdam through its wholly owned arm Ecuhold NV.[8]

Given the spate of acquisitions led by him, he can be easily be acclaimed as one of the most successful entrepreneurs of his time.[9]

Allcargo Logistics rebranded all its international acquisitions as ECU Worldwide on 2 May 2016.[10]

Today, the group is a US$1 billion organization, and one of India's leading business conglomerate.

Social responsibility

Through Avashya Foundation, Shetty endeavours to play a significant role in CSR initiative beyond philanthropy and promote people-centric inclusive development. Some of the key areas of initiatives are in health care, education, women empowerment and environmental sustainability.[11][12]

Personal life

Shetty is married to Arathi Shetty, who is also one of directors of Allcargo Logistics. He has a son, Vaishnav and daughter, Shloka.[13]

He is deeply involved with the construction of ISKCON temple at Kharghar in Navi Mumbai. [14]

He recently bought Aashirwad, Hindi film superstar Rajesh Khanna's bungalow in Bandra, Mumbai.[15]

Interests

He enjoys collecting artefacts and artworks of upcoming artists.[16]

He is an avid golfer and takes keen interest in tennis, having bought a 30% stake in Singapore Slammers.[17]

Awards and recognition

Over the years, Shetty has received several recognitions, including:

2015 - Distinction of Commander of the Order of Leopold II, the highest civilian honor by His Royal Highness King Philippe, King of the Belgians, making him one of the very few global Indians to receive this honor.[18]

2015 - Lifetime Contribution to Freight at the Global Freight Awards 2015.[19]

2013 - Global Indian Maritime Personality by Maharashtra Chamber of Commerce, Industry and Agriculture [20]

2012 - News Maker of the Year from Maritime and Logistics Awards (MALA)[21]

2012 - Outstanding Contribution Award from Port of Antwerp [22]

2011 - Asia's Best Employer Brand for CEO of the year with best HR Orientation [23]

2010 - Entrepreneur of the Year Award in services category from Ernst & Young [24]

2009 - Logistics Company of the Year from NDTV Business Leadership Awards [25]

2008 - Logistics Company of the Year from Maritime Gateway [26]

References

  1. ↑ "Kaka's Aashirwad is 'dream come true' for Bandra tycoon - Mumbai Mirror -". Retrieved 2016-06-30.
  2. ↑ Admin. "Allcargo's Executive Chairman Mr. Shashi Kiran Shetty Awarded the Highest Civilian Honor by the Royalty of Belgium 'Distinction of Commander of the Order of Leopold II'". maritimegateway.com. Retrieved 2016-06-30.
  3. ↑ "Kaka's Aashirwad is 'dream come true' for Bandra tycoon - Mumbai Mirror -". Retrieved 2016-06-30.
  4. ↑ "Shashi Kiran Shetty, the man who turned R 25,000 into 3000 crore company and bought 'Ashirwad'- Daily Bhaskar -".
  5. ↑ "Shashi Kiran Shetty, Founder & Chairman, Allcargo Logistics Ltd – NBM Media -".
  6. ↑ "We will dilute stake to create liquidity – Live Mint -".
  7. ↑ "Less than container load biz is recession proof: Allcargo chief – Hindu Businessline -".
  8. ↑ "Allcargo acquires US based Econocaribe Consolidators – Economic Times -".
  9. ↑ "Brave New Businessmen-India Today-".
  10. ↑ "Allcargo Logistics rebrands its global business- The Hindu-".
  11. ↑ "Avashya Foundation's CSR Initiatives benefiting the society- Daily Shipping Times-".
  12. ↑ "Skill training center set up for children of farmers who committed suicide-The CSR Journal-".
  13. ↑ "Kaka's bungalow to make way for Shetty's palatial villa-The Golden Sparrow-".
  14. ↑ http://www.mumbaimirror.com/mumbai/others/Kakas-Aashirwad-is-dream-come-true-for-Bandra-tycoon/articleshow/39014876.cms. Missing or empty |title= (help)
  15. ↑ http://economictimes.indiatimes.com/magazines/panache/meet-shashi-shetty-the-billionaire-who-bought-rajesh-khannas-rs-85-crore-bungalow/articleshow/41580479.cms. Missing or empty |title= (help)
  16. ↑ "Allcargo Logistics's Shashi Kiran office cabin signifies efficiency & passion –Economic Times-".
  17. ↑ "Allcargo buys 30% in tennis league team-Live Mint-".
  18. ↑ Admin. "Allcargo's Executive Chairman Mr. Shashi Kiran Shetty Awarded the Highest Civilian Honor by the Royalty of Belgium 'Distinction of Commander of the Order of Leopold II'". maritimegateway.com. Retrieved 2016-06-30.
  19. ↑ "Shashi Kiran Shetty awarded 'Lifetime Contribution to Freight' at the Global Freight Awards 2015-Daily Shipping Times-".
  20. ↑ http://www.dailyshippingtimes.com/news-page-january-13.php. Missing or empty |title= (help)
  21. ↑ "Shashi Kiran Shetty awarded Allcargo Logistics by Port of Antwerp for outstanding contribution-Daily Shipping Times-".
  22. ↑ "Shashi Kiran Shetty awarded Allcargo Logistics by Port of Antwerp for outstanding contribution-Daily Shipping Times-".
  23. ↑ "HR Strategies in Place in your Company-Silicon India-".
  24. ↑ "Allcargo Global's Shashi Kiran Shetty receives entrepreneur of the year award-NDTV Profit-".
  25. ↑ "Shashi Kiran Shetty's Allcargo Wins NDTV 'Company of the Year' Award-Daijiworld-".
  26. ↑ "Annual Indian Maritime Gateway Awards 2008-Maritime Gateway-".
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