Patel Integrated Logistics appoints R. Kannan as Independent Director, shares remain flat

Headquartered in Mumbai, Patel Integrated Logistics announced the appointment of R Kannan as an additional non-executive independent director with effect from 24 October 2024. It has received shareholder approval. Kannan is a member of the Harvard Business Review Advisory Council, bringing experience of over 39 years in finance, strategy and corporate performance management to the company.

The stock of Patel Integrated Logistics is trading flat at ₹21.05 on NSE. Kannan has worked in top profiles with large corporations like TCS, PwC, Hinduja Group, ICICI Bank, and Piramal Group, and has expertise in banking, IT, logistics, and infrastructure. He has hands-on experience in corporate finance, M&A deals, and organizational restructuring.

Syed Husain, Chairman of Patel Integrated Logistics said, "Kannan brings with him a wealth of experience from his interaction with leading corporations and strategic growth insights to the company which has competitive positions in the logistics sector. Founded in 1962 as an IATA-approved cargo agency, Patel Integrated Logistics provides multimodal transportation solutions across India with both domestic and international transport services.