Ritco Logistics Limited has informed the Exchange regarding 'Press Release - Trucksup Solutions Private Limited - Step-Down Subsidiary Of Ritco Logistics Limited'.
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Ritco Logistics' step-down subsidiary TrucksUp Solutions has appointed Abhijay Ratan as its new Chief Marketing Officer. Mr. Abhijay brings over 20 years of experience across sales, marketing, and growth leadership, with prior stints at ITC, Godfrey Phillips, and logistics aggregator Blackbuck. TrucksUp is a Gurugram-based AI-driven logistics aggregator platform focused on solving truck underutilization and load-matching challenges in India's fragmented trucking industry. As CMO, he will lead marketing strategy, branding, and stakeholder engagement to position TrucksUp as a leader in the tech-driven trucking space.
This is a leadership strengthening move at the subsidiary level with no immediate financial impact. For Ritco shareholders, it signals that the company is investing in scaling its digital logistics arm, which could support long-term growth if TrucksUp gains traction in the competitive aggregator space.