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Delhivery names 3 top execs from finance and mfg as independent directors

Career banker and former IndusInd Bank MD-CEO, Ramesh Sobti, and Marico Industries chief Saugata Gupta join former JP Morgan India CEO Kalpana Morparia on the supply chain firm's board

Delhivery was, till recently, planning to launch an IPO, but experts believe those plans would be put on the backburner
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Delhivery recently raised $277 million in a round led by Boston-headquartered investment firm Fidelity, valuing it at about $3 billion

BS Reporter New Delhi
Logistics and supply chain services company Delhivery appointed Kalpana Morparia, Romesh Sobti, and Saugata Gupta to its board as independent directors.

Morparia is the former chairman of JP Morgan, South and Southeast Asia, and the former CEO of JP Morgan India. Before JP Morgan India, Morparia served as vice-chair on the boards of ICICI Group companies. She has been a longstanding Independent Board Member of companies like Hindustan Unilever and Dr Reddy's Laboratories. She also serves as Independent Director on the board of Philip Morris International and has extensive expertise on governance, audit, nomination, and compensation committees

Sobti is a career banker