Kerala Roadways (KRS), a logistics enterprise, has announced the appointment of Jothi Menon as its CEO and member of the board.
With this strategic leadership appointment, KRS aims to expand its services into the fast-growing Express cargo space, which is currently witnessing a compounded annual growth rate of 15% with high-profit margins for industry leaders. The move the company explains signifies its commitment to being an end-to-end logistics player in one of the vital and fast growing sectors of the Indian economy.
Menon brings to KRS exceptional credentials as one of the few women leaders in the Indian logistics sector.
As Spoton Logistics co-founder, she played an instrumental role in Spoton’s growth, fundraising efforts, and successful acquisition by Delhivery in 2022. A graduate from XLRI, her career prior to Spoton includes significant leadership roles at IBM, Accenture, and AOL.
KRS board chairman MK Siraj said, “Jothi Menon is an accomplished leader whose execution track record, deep logistics industry knowledge, understanding of technology, and people skills make her the perfect candidate to lead KRS as we embark on this transformative journey to capitalize on the expected economic growth in India over the next decade.”
Established in 1962 by VK Moidoo, KRS has grown over six decades to a network spanning 400 offices servicing over 1000 locations. The company boasts an impressive daily movement of 7,500 tonnes of cargo with a fleet of 1,500 trucks and a dedicated team of over 3,500 employees.
“KRS’s legacy in the Indian logistics sector is legendary. I am excited to contribute to KRS’s evolution into a complete logistics provider that will play a pivotal role in the unfolding India growth story. My vision is to ensure KRS reclaims its rightful spot as one of the top 10 logistics enterprises in India. At a planned revenue growth of 7X across business lines driven by technology enablement and customer centricity we aim to be in the top 10 profitable logistics companies in India by 2030″ said Menon.
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