Delhivery appoints Neelam Dhawan as chairperson in board rejig

Delhivery has appointed technology industry veteran Neelam Dhawan as a non-executive independent director, who will also take over as chairperson of the board from April 1, marking a key leadership transition at the logistics services provider.

Dhawan’s appointment as an independent director will take effect from March 20, the company said, adding that she will succeed current chairperson Deepak Kapoor, who is stepping down after more than eight years on the board.

“We are delighted to welcome Neelam Dhawan to the Delhivery Board as our Chairperson… Her leadership will further strengthen our governance framework and strategic vision,” managing director and chief executive officer Sahil Barua said.

Strengthening board oversight

Dhawan brings over three decades of experience in the technology sector, having held senior leadership roles at HP India, Hewlett Packard Enterprise India and Microsoft India. Her appointment comes at a time when Delhivery is sharpening its focus on scale, profitability and operational efficiency.

She currently serves as an independent director on the boards of companies including Hindustan Unilever and Tech Mahindra, in addition to several technology-led firms, giving her significant boardroom experience across sectors .

The appointment of a high-profile independent chairperson is expected to bolster governance oversight at the company, which has been navigating a competitive logistics landscape while continuing to invest in its technology-led platform.

Transition at the top

Kapoor’s exit follows a previously announced plan, with the company having disclosed in January that he would step down from the board. The transition to Dhawan is seen as part of a broader effort to refresh board leadership as the company evolves beyond its high-growth phase.

Delhivery has positioned itself as a technology-driven logistics platform, offering services across express parcel delivery, freight, warehousing and supply chain solutions to over 51,000 clients.

Earnings recovery underway

The board transition comes alongside improving financial performance. In its most recent quarterly results, Delhivery reported a return to profitability, driven by higher volumes in its express parcel segment and continued cost discipline.

The shares of Delhivery ended 2.81% higher at ₹425 apiece on the national stock exchange on Friday. The company's stock has surged over 65% during the past year, outperforming the Nifty 500 index that has risen nearly 2% during the period.