Allcargo Logistics announced the expansion of its senior leadership team through the addition of two industry veterans, Prakash Tulsiani and Martin Muller. "This announcement is in line with Allcargo's strategy to consolidate its leadership team," the company said.

Prakash Tulsiani (53) joined Allcargo Logistics as the chief operating officer and executive director (operations). He will be responsible for Allcargo's growth across its business verticals in India. Tulsiani is not a member of the board of directors of Allcargo.

Allcargo also appointed Martin Mueller as the chief commercial & strategy officer of the group. He will be in charge for developing a strategic growth roadmap for the organization globally and expand its leadership in existing markets.

Allcargo's founder & chairman,  Shashi Kiran Shetty said, "At Allcargo we have always aimed at setting new standards and benchmarks of service quality as well as creating the best team of experienced professionals. This unique virtue of our organization has led to our global leadership in the logistics space and winning the trust of our valued customers. With Prakash & Martin joining our team, Allcargo will accelerate in bringing a new perspective to our business growth, globally and in India."  

Shares of the company gained Rs 8.55, or 2.96%, to trade at Rs 297.10. The total volume of shares traded was 18,680 at the BSE (3.42 p.m., Thursday).