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Mr Shetty is the Founder and Chairman of Allcargo Logistics; India’s biggest integrated logistics services provider and global LCL consolidation leader. The group operates in over 160 countries through more than 300 offices, employing more than 10,000 team members and generates revenues of approximately USD 1.2 billion.
Allcargo was the first to introduce the concept of Non-Vessel Operating Common Carrier (NVOCC) business in India. With the changing business landscape, Allcargo ventured into Container Freight Stations, Project Logistics, and Contract Logistics. It also leveraged opportunities to enter Express Distribution, First and Last Mile Deliveries and Pick-up and Logistics Parks businesses. Allcargo’s latest strategic acquisition in the Indian logistics space is Gati Ltd., in 2020. It is a publicly traded company; India’s largest and a pioneer in express distribution. Since July 2020, Mr Shetty has been the Chairman of Gati Ltd.
Under Mr. Shetty's leadership, the group has had several successful global acquisitions. Significant among these are Belgium-based ECU-Line (now ECU Worldwide) whose revenues were almost five times that of Allcargo Logistics. The group expanded its global footprint by acquiring She Maritime, UK; China Consolidators, Hong Kong; FCL Marine Agencies, Netherlands; Econocaribe Consolidators, USA. In India, the groups acquisitions continued with Hindustan Cargo and MHTC Logistics. Allcargo then forayed into Contract Logistics through a new entity, Avvashya CCI, formed by acquiring controlling stake in CCI Logistics, India. Allcargo operates a facility at Asia’s largest ICD at Dadri, through a Joint Venture with Container Corporation of Indian (CONCOR).
Mr Shetty was conferred with Belgium’s highest civilian honour – ‘Distinction of Commander of the Order of Leopold II’ by H.M. King Philippe in 2015. The ‘Lifetime Contribution to Freight Award’ at the Global Freight Awards, London, ‘Entrepreneur of the Year’ in the Services Category by Ernst & Young, ‘Global Visionary’ at the Economic Times Family Business Awards, ‘Global Indian Maritime Personality’ by the Maharashtra Chamber of Commerce, Industry and Agriculture; ‘CEO of the year with Best HR Orientation’ at Asia’s Best Employer Brand Awards are some of his other national and international recognitions. The University of Mangalore conferred him with an ‘Honorary Doctorate’ for his remarkable professional achievements as well as for his philanthropic contributions.
Mr. Shetty is a firm believer of conducting business with highest corporate governance standards.
Sustainability is an integral part of the Allcargo group. Mr Shetty is also involved in initiatives of Avashya Foundation, Allcargo’s CSR arm and supports social welfare activities. His passionate concern for environmental sustainability has led to initiatives like Allcargo Greens and Maitree. His contributions have been making a significant difference across environment, education, healthcare, women’s empowerment, disaster relief and sports.
Mr. Shetty is a sports enthusiast, an avid golfer and an arts aficionado.