Bharat Supply appoints N. Balakrishna as Chief Financial Officer

Bharat Supply, the beyond-metros logistics company formed through the merger of Connect India and the logistics arm of Faarms, has appointed N. Balakrishna as Chief Financial Officer. Prior to this move, he served as Chief Financial Officer for Snowman Logistics.

Balakrishna, a chartered accountant with 14 years of experience in national and international roles, will lead the company’s financial strategy, risk management, and investor relations. He has previously worked across various sectors, including iron and steel manufacturing, telecommunications, IT, and warehousing.

The appointment comes at a time when India’s logistics sector is undergoing rapid changes, led by substantial tax rate cuts across various transport sectors, transformational changes in the digitisation of compliance, and a renewed thrust on government programmes, along with GST rationalisation. With the expansion of e-commerce into smaller towns and rural areas, demand for last-mile services is rising sharply.

The company said Balakrishna’s expertise in financial planning and treasury management will help strengthen its aggressive expansion strategy and upcoming fundraising programmes.

“We are delighted to welcome Bala at a time when Bharat Supply is expanding rapidly across Bharat markets. With GST rationalisation giving a fresh push to the economy and the rural logistics sector opening unprecedented opportunities, his deep financial expertise will help us scale faster, strengthen our governance framework and support our role as logistics partner for leading industry players,” said Taranbir Singh, Chief Executive Officer, Bharat Supply.

“I am excited to join Bharat Supply at this pivotal stage of growth. The logistics sector in India is undergoing a transformation, driven by the adoption of technology, regulatory clarity, and supply-chain integration, which are enhancing efficiencies. My focus will be on building a strong financial foundation, supporting sustainable expansion across Bharat regions, and creating long-term value for our partners and investors,” Balakrishna said.