A major ‘U-turn’ event is likely to be taking place at India’s leading technology enabled logistics company ‘Rivigo’. The news is coming that more than half a dozen major executives, managers, senior and mid-level executives have decided to resign from their respective positions in the company. Rivigo offers pan India services to e-commerce, pharmaceutical and FMCG services.
The recent development is a very gigantic step in the recent turn of events for the company, which was established in 2014, by Deepak Garg and Kalra. Chief Financial Officer Mr. Pramod Gupta from Microsoft, who joined the company in 2017, has served the notice for the resignation. The major exits include Bablu Tiwari, from Gati courier services has already exit.
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There seems to be no particular answer as to why all the major officials have all decided to quit simultaneously. The company is also in news of hiring new employees and the recruitment processes are already in the run.
“The senior management at Rivigo has grown thin, and company is in the process of hiring replacements”, one of the officials confirmed.
When asked about this recent churn of events, the co-founder Gazal Kalra replied “the movement in the senior level attrition is very low and its least here among all the companies.”
Hemant Khandelwal, the Chief Technical Officer, a chemical engineering graduate from IIT is also heard to be leaving the company, gives the reason to support his daughter’s career as the major point of leaving. Others heard to be leaving the company are Reet Mohinder Singh, business strategy head of Rivigo’s marketplace for trucks, Vyom, enterprise account managers Piyush Gupta and Aditya Nagpal.
The people roped in for joining the company are Dhruv Bhagat from Tata Sky as Chief Revenue officer and others are still in talks to join the company. Rivigo had recently raised 50 million from Warburg Pincus, which was the sole investor to pick up 15% stake in the company.