Delhivery rejig: CFO Amit Agarwal resigns, Vivek Pabari to take over; Board member Aruna Sundararajan steps downs

Delhivery rejig: CFO Amit Agarwal resigns, Vivek Pabari to take over; Board member Aruna Sundararajan steps downs

Logistics company Delhivery on November 5 announced a change in its top deck. Amit Agarwal, chief financial officer, has resigned from his position and will be replaced by Vivek Pabari from January 1, 2026.

Agarwal was designated as a key managerial personnel (KMP).

Vivek Pabari has been with Delhivery for over 13 years and is resigning for personal reasons. Pabari, who has been with Delhivery for over years, will replace Agarwal, the company informed the stock exchanges.

Sahil Barua, MD & Chief Executive Officer, Delhivery, said, "Amit has been a foundational member of Delhivery and has played an invaluable part in the company’s journey. He has served in every role with distinction and on behalf of the founders and the Board, we extend our deepest gratitude to Amit and wish him the very best for the future."

Pabari has been with Delhivery Limited since June 2021. He has more than 17 years of experience. Prior to Delhivery, he was an investment banker with Deutsche Bank, where he advised corporate clients on several capital raises and M&As. He has a Post Graduate Diploma in Management from IIM Bangalore, specialising in finance, and is a Bachelor of Technology in Information & Communication Technology.

“Vivek understands our business and operations in detail and is a thoughtful and mature leader who commands respect and confidence across the management team, Board of Directors, team members and the investor community. We are confident that he will lead the company successfully for several years ahead,” Barua added.

Logistics major Delhivery on November 5 slipped into the red, posting a loss of Rs 50.5 crore in the second quarter (Q2) of financial year 2025-26 (FY26), compared to a profit of Rs 10.2 crore in the same period a year ago. The Gurugram-based firm had reported a profit of Rs 91 crore in the previous quarter.

Profitability was impacted due to integration costs incurred due to Delhivery’s Ecom Express acquisition, which was completed at the start of the September quarter. These costs stood at Rs 90 crore and is overall expected to be within the Rs. 300 Cr guidance provided earlier, the company said.

Delhivery’s revenue from operations rose almost 17 percent YoY to Rs 2,559.3 crore in Q2, up from Rs 2,189.7 crore a year ago. On a sequential basis, revenue grew from Rs 2,294 crore in Q1 FY26.
Board change

At the same time, Delhivery announced Aruna Sundararajan, Non-Executive Independent Director since July 2022, has stepped down due to other commitments.

“...her recent appointment as a Government nominee on a regulatory body” has increased her workload which led to her resignation, Delhivery said.

Earlier this year, Delhivery announced the appointments of Namita Thapar, Whole-time Director at Emcure Pharmaceuticals Limited, Sameer Mehta, Co-Founder and CEO of Boat Lifestyle, Yashish Dahiya, Chairman and CEO of PB Fintech, and Padmini Srinivasan, Faculty member at IIM Bangalore as Non-Executive Independent Directors.