The Caravel Group has appointed Angad Banga JP as its new chief executive officer, marking a significant leadership transition within the diversified conglomerate. This decision follows a meticulously planned succession process that has unfolded over several years. In his role, Angad will oversee the performance of the group’s three primary divisions: Caravel Maritime, which includes Fleet Management Limited; Caravel Resources; and Caravel Asset Management. He will also be responsible for capital allocation, strategic direction, and investments across the organization.
Dr. Harry S. Banga, the founder and executive chairman, will continue to lead the group, focusing on long-term strategy and governance while remaining actively involved in all business operations. He expressed immense pride in Angad’s appointment, highlighting the years of preparation that have led to this moment. Dr. Banga emphasized Angad’s earned respect within the industry and his confidence in Angad’s ability to uphold the company’s core values of Family, Integrity, and Partnership.
In response, Angad Banga expressed gratitude for the trust placed in him and acknowledged the dedication of the leadership team and staff that facilitated this transition. He reaffirmed the group’s commitment to clients and partners, looking forward to enhancing operational excellence and sustainable growth as they embark on this new chapter together.
