Gurugram-based logistics leader, Ritco Logistics, has appointed Mr. Surya Narayan Singh as the Vice President of its Multimodal division. With 38 years of industry experience, Singh will spearhead strategic initiatives focused on multimodal operations, particularly emphasising segments supported by Indian Railways. He firmly believes that railways are an unparalleled solution for surface transport, asserting that no organisation matches its strength in this domain.
Singh’s extensive career includes 26 years in multimodal logistics, with notable stints in the soft drink industry at McDowell’s and PepsiCo before transitioning into logistics. His recent role as head of Rail Operations at a leading logistics firm underscores his deep expertise, including his instrumental contribution to the creation of the Parcel Special Train under Central Railways in 2000. His experience in Indian railways and containerised freight movement positions him as a key asset for Ritco’s future growth.
Committed to advancing Ritco’s presence in both domestic and global logistics markets, Singh plans to leverage his experience to streamline the integration of rail and road transport. He believes that with strategic planning and technological adoption, the Indian logistics sector can drive significant economic growth. Singh stated, “Technology is transforming every segment of the economy, and my goal is to strategically implement these advancements to propel Ritco’s growth. By addressing the complex challenges of the logistics industry, we can make a meaningful contribution to India’s economic progress.”
Founded in 1997, Ritco Logistics reported net sales of Rs 252 crore in the first quarter of FY2025, with a net profit of Rs 8.6 crore. The company’s stock closed at Rs 371.05 on the BSE, reflecting a market cap of Rs 1,050.92 crore.
