Delhivery has announced a top-level reshuffle, promoting Vani Venkatesh to deputy CEO and preparing for the departure of CO Ajith Pai, as the company navigates declining quarterly profits amidst wider organisational reforms.
Delhivery has reshuffled its top ranks, naming Chief Business Officer Vani Venkatesh deputy chief executive with immediate effect while saying chief operating officer Ajith Pai will depart the logistics group on September 15, 2026. The company said Venkatesh will take charge of revenue, marketing and customer experience while continuing to work with operations teams, a move that effectively widens her remit across the business.
Venkatesh joined Delhivery in February 2025, after senior roles at Bharti Airtel, McKinsey, Unilever and Abbott Nutrition. At Airtel, she held posts including chief executive of global business, chief executive of the Delhi-NCR region, chief marketing officer and head of the retailer business. Delhivery said she is a qualified chartered accountant, cost and works accountant and company secretary, and holds a postgraduate diploma in management from the Indian Institute of Management, Bangalore.
Pai, a founding member of Delhivery, has served as both chief financial officer and chief operating officer. Sahil Barua, the managing director and chief executive, said Pai had made invaluable contributions since the company’s early days. Delhivery said his responsibilities have already been transferred to its new executive operations leadership.
The leadership shift comes as Delhivery digests a weaker quarterly profit figure and continues a broader board and management refresh. In the quarter ended June, consolidated net profit fell 65% year on year to ₹31.91 crore even as revenue from operations rose 27.8% to ₹2,930.73 crore, according to the company’s results. The quarter also included Ecom Express, which became a subsidiary in July 2025 and a wholly owned subsidiary in December, complicating comparisons with the same period a year earlier. Earlier this year, Delhivery also approved the reappointment of Barua and Kapil Bharati, its whole-time director, executive director and chief technology officer, for five years, subject to shareholder approval.
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