Bharat Supply names N. Balakrishna as CFO to boost growth

Bharat Supply has appointed N. Balakrishna as Chief Financial Officer to lead its financial strategy and upcoming fundraising programmes as the company expands its presence across India’s interior markets.

Balakrishna, a chartered accountant with 14 years of experience in national and international roles, was previously CFO of Snowman Logistics. He has worked across sectors including warehousing, telecommunications, IT, and iron and steel manufacturing. At Bharat Supply, he will oversee financial planning, risk management, and investor relations.

The appointment comes as India’s logistics sector undergoes rapid changes, supported by tax cuts across transport sectors, digitisation of compliance, GST rationalisation, and government initiatives promoting rural trade. Rising e-commerce demand in smaller towns and rural areas has increased the need for last-mile delivery services. Bharat Supply collaborates with major industry brands in e-commerce, agriculture, and consumer durables to connect consumers and small businesses in remote regions.

Bharat Supply, created through the merger of Connect India and Faarms’ logistics arm, is backed by investors including Aavishkaar Capital, Conny Boersch, and Singaporean angel investor Koh Boon Hwee. The company has already reached more than 200,000 villages and plans to extend its footprint to over 300 districts by the end of 2025.

Taranbir Singh, CEO of Bharat Supply, said, “We are delighted to welcome Bala at a time when Bharat Supply is expanding rapidly across Bharat markets. His deep financial expertise will help us scale faster, strengthen our governance framework, and support our role as logistics partner for leading industry players.”

Balakrishna added, “I am excited to join Bharat Supply at this pivotal stage of growth. My focus will be on building a strong financial foundation, supporting sustainable expansion across Bharat regions, and creating long-term value for our partners and investors.”