Gurugram based logistics company Delhivery Limited has announced a change at the board level, with Chairman and Non Executive Independent Director Deepak Kapoor and Independent Director Saugata Gupta set to step down from April 1, 2026. The company said the move is part of a planned board refresh aligned with its next phase of growth as a listed enterprise.
Kapoor, who joined Delhivery’s board in 2017, and Gupta, who came on board in 2021, were closely involved in shaping governance practices and guiding the company through its public listing in 2022. Delhivery stated that the transition follows the induction of new independent directors in 2025, including Namita Thapar of Emcure Pharmaceuticals, Sameer Mehta of boAt Lifestyle, Yashish Dahiya of PB Fintech and Dr Padmini Srinivasan from IIM Bangalore, as the company strengthens board oversight for scale.
The announcement comes alongside Delhivery’s strongest quarterly operating performance to date. In Q3 FY26, the company reported a profit of Rs 39.6 crore, up from Rs 25 crore a year earlier and reversing a loss of Rs 50.5 crore in the previous quarter. EBITDA rose 227 percent year on year to Rs 147 crore, while margins expanded to a record 5.3 percent. Revenue from operations grew nearly 18 percent to Rs 2,805 crore, supported by higher volumes across core segments.
Operational momentum was led by the express parcel business, where shipments increased 43 percent year on year to 295 million parcels during the festive quarter. The part truckload segment crossed 500,000 metric tonnes of throughput for the first time, with volumes rising 23 percent.
Delhivery also expanded Delhivery Direct to Mumbai and Hyderabad and launched Delhivery International to support SME exports. Shares ended higher following the results, reflecting positive market response to the performance and governance update.
