Ritco Logistics appoints Surya Narayan Singh as VP, Multimodal

Gurugram-based logistics company Ritco Logistics announced the appointment of Surya Narayan Singh as Vice President of its Multimodal division, bringing with him 38 years of industry experience.

Singh will spearhead efforts within its major practices in Multimodal, with a focus on all the segments being nurtured by Indian Railways, says an official release.

Singh began in the soft drink industry from McDowell’s & PepsiCo before transitioning to logistics where he has excelled in various roles including his recent experience of heading the rail operations division of a logistics firm for seven years, the release added.

“My appointment at Ritco comes at an opportune time when technology is advancing every segment of the economy," says Singh. "As the VP of Multimodal division, I will ensure strategic technology implementation to drive growth. As I believe, if we connect all dots of the logistics industry by solving its diverse and complex issues, then it’s going to be a great contributor to the country’s economy. I will take forward this objective of making Ritco contribute to this mission purposefully."

Founded in 1997, Ritco reported net sales of Rs 252 crore for the first quarter of financial year 2025 with a net profit of Rs 8.6 crore. The stock closed at Rs 371.05 on the BSE today with a full float market cap of Rs 1,050.92 crore.