The appointment follows a carefully planned succession process developed over many years, reflecting the Group’s commitment to disciplined governance and long-term continuity.

As Group Chief Executive Officer, Angad will have responsibility for the performance of the Group’s three core divisions: Caravel Maritime, including Fleet Management Limited; Caravel Resources; and Caravel Asset Management. He will also lead capital allocation, strategy and investments across the Caravel enterprise.

Dr. Harry S. Banga will continue to lead The Caravel Group as Founder and Executive Chairman. In this role, Dr. Banga will focus on long-term strategy, governance, and oversight, while remaining actively engaged across all business units.

“It is with immense pride – both as the Founder of this company and as a father – that I extend my congratulations to Angad on this appointment. This transition marks the culmination of years of careful preparation. Angad has earned the respect of colleagues, clients, and industry peers through his own merit, and I am confident that under his leadership, working in partnership with myself and our leadership team, The Caravel Group will continue to thrive while remaining true to the values of Family, Integrity, and Partnership that have always defined us,” said Dr. Harry S. Banga, Founder and Executive Chairman.

The Founder and Executive Chairman and the Group Chief Executive Officer are supported by an exceptional team of senior leaders across all divisions, whose expertise and dedication have been instrumental to The Caravel Group’s success.

“I am deeply grateful to Dr. Banga for his trust and confidence in me, and to the leadership team and colleagues across The Caravel Group whose dedication has made this transition possible. Our commitment to our clients, partners, and people remains unchanged. Together with Dr. Banga’s continued strategic guidance and the strength of our teams worldwide, I look forward to building on the foundations we have established and taking The Caravel Group forward into its next chapter – with continued focus on operational excellence, sustainable growth, and strengthening our position in the markets we serve,” said Mr. Angad Banga, Group Chief Executive Officer, The Caravel Group.

By combining Dr. Banga’s long-term strategic oversight with Angad’s operational leadership, The Caravel Group is well positioned to sustain momentum while enabling thoughtful evolution.

Source: Caravel Post