Amitabh Coomar will be the new Chief Executive Officer (CEO) of GoJavas, an e-commerce focussed logistics company after Vijay Ghadge stepped down from the post.
“The top management at Gojavas has been strengthened to support the robust growth planned for the next few years. The company now has a CEO, Amitabh Coomar, who brings with him 18 years of leadership experience at ITC as well as the Indian army,” the company said in a statement.
“While the COO has moved on, the senior leadership has been strengthened with recent hires and now includes two women leaders, managing business development and finance functions,” it added.
Coomar was hitherto divisional manager, brand marketing, at ITC, Kolkata. He has been associated with the company for close to eight years across different divisions. Coomar is an alumni of Indian Institute of Management, Ahmedabad (IIMA) where he graduated with a One Year Full Time MBA (PGPX) in 2008 , he had also served the Indian Army for almost 12 years.
The reasons for Ghadge’s exit from Gojavas, who co-founded QickDel Logistics, which acquired GoJavas in 2013 from Jabong, is not yet known. While GoJavas has online retailers such as Jabong, Fabfurnish, Lenskart and Healthkart as clients, it faces competition from eKart, Delhivery (SSN Logistics Pvt. Ltd), Ecom Express Pvt. Ltd and Dotzot, the e-commerce focused arm of DTDC Express Ltd.
Ghadge, a London Business School (LBS) aluminus, was looking for opportunities in India and got a chance to work with the Rocket Internet-backed fashion portal Jabong. He worked there for 20 months. He has also studied at Symbiosis, Pune and worked with pharma major Ranbaxy in South Africa.
E-commerce companies depend on logistics and supply chain as part of the infrastructure to help reduce delivery cost and in ensuring faster delivery.
India’s online retail market is estimated to reach $36 billion (Rs 2.4 lakh crore) in 2016-17, up from $11 billion in 2014-15, according to Goldman Sachs.
Alibaba-backed Snapdeal (Jasper Infotech Pvt. Ltd) pumped in Rs.117 crore in October into GoJavas, making the online marketplace the single largest shareholder in the company. It holds 42% stake in the company. Earlier, Snapdeal had bought a 20% stake in GoJavas for Rs.120 crore.