“Sandeep has been instrumental in the growth and scale up journey of Delhivery and has significantly contributed to making Delhivery the largest logistics player in India. On behalf of the entire Board, I want to thank Sandeep and wish him all the very best for the future,” said founder and chief executive Sahil Barua.
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Barasia, a veteran at the Gurugram-based firm, was among the key senior executives alongside Barua who helped taking the logistics firm public. Barasia was also on the Delhivery board.
“Under his leadership as the chief business officer, the company entered new business segments of supply chain services, truckload, and cross-border logistics and significantly diversified its revenue base,” the firm said in a statement.
Barasia is leaving to “pursue outside interests,” Delhivery said.
Prior to Delhivery, Barasia spent a decade with consultancy firm Bain & Company, which he exited as partner in 2015.
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“I am very grateful to have had the opportunity to participate in the journey of Delhivery as it went from a start-up to India’s largest logistics player, achieving several firsts in the industry,” Barasia said in a statement. The firm also reported its fourth-quarter results on Friday, narrowing its losses to Rs 69 crore, from Rs 159 crore a year ago. Revenue from operations rose 12% on year to Rs 2,076 crore in the January-March 2024 period, compared with Rs 1,860 crore a year ago.
