Tanmay Kumar, Group CFO, Shiprocket, Logistics & Sustainability Hand In Hand
Tanmay Kumar, Group CFO, Shiprocket, has been instrumental in aligning the company’s financial strategies with its vision of stirring up ecommerce logistics
Under his leadership, significant initiatives have fortified financial controls and transparency, including the completion of ERP implementation across all group companies and the establishment of SOPs for procurement. These foundational efforts proved crucial for Shiprocket’s sustainable growth and operational efficiency.
Kumar’s initiatives in cost optimisation, such as billing and cost automation in the fulfilment business and seller ledger automation, have maximised operational effectiveness while minimising unnecessary expenditures, contributing significantly to Shiprocket’s profitability and financial health.
To maintain alignment across the organisation, Kumar has implemented transparent communication and regular engagement. Monthly reviews with business unit CEOs and financial literacy programmes empowered employees to understand and support the company’s financial goals.
Kumar’s commitment to corporate governance is evident through monthly investor calls, quarterly updates to shareholders and the establishment of independent board committees. His leadership has transformed Shiprocket’s contribution margin from negative to positive, achieving annualised cost savings exceeding $3 million.
Kumar has also led successful mergers and acquisitions, integrating five companies and raising $10 million in strategic funds. His dedication to driving success and value creation solidifies Shiprocket’s position as a leader in ecommerce logistics.