Delhivery to see board changes as chairman, independent director exit

Delhivery Limited on January 31 announced that Deepak Kapoor, Chairman and Non-Executive Independent Director, and Saugata Gupta, Non-Executive Independent Director, will step down from the company’s Board with effect from April 1, 2026.

The company said the departures are part of its previously announced board rejuvenation exercise.

In 2025, Delhivery appointed Namita Thapar, Whole-time Director at Emcure Pharmaceuticals Limited, Sameer Mehta, Co-Founder and Executive Director of boAt Lifestyle, Yashish Dahiya, Chairman, Executive Director and CEO of PB Fintech, and Dr. Padmini Srinivasan, faculty member at IIM Bangalore, as Non-Executive Independent Directors.

Kapoor joined Delhivery’s Board in 2017, while Gupta joined in 2021. The company said both directors played a key role in guiding Delhivery through its initial public offering in 2022 and its subsequent growth as a listed company.

“Deepak served as Chairman of our Board for over eight years and was instrumental in helping us set up high-quality governance, board processes, appropriate financial systems and controls, and internal audit processes,” said Sahil Barua, Managing Director and Chief Executive Officer of Delhivery.

“Saugata played a large role as Chairperson of our NRC, helping us benchmark and institutionalise HR processes and metrics and hone our recruitment and retention strategy for high-quality talent,” Barua said.

“More importantly, Deepak and Saugata have been instrumental in recognising the need for and enabling the reconstitution of the Board of Directors in line with our ambitious next phase of growth,” he added.

“On behalf of the entire Delhivery team, we are deeply thankful to both for their counsel and support,” Barua said.