MAM
Citiustech names Navneet Khandelwal as CFO to sharpen numbers, strategy and compliance game
MUMBAI: There’s nothing like a good spreadsheet to keep things in order—and Navneet Khandelwal knows how to balance more than just the books. The seasoned finance leader, who has spent the better part of 25 years navigating the numbers behind India’s IT services boom, has now taken the financial reins at healthcare tech firm Citiustech.
His new title? Chief financial officer—and the job comes with no shortage of decimal points or strategic decisions.
Citiustech confirmed Khandelwal’s appointment this week, signalling a sharper focus on fiscal rigour and operational clarity. As CFO, he now leads the company’s global finance, legal, and compliance functions—areas that have grown increasingly complex with Citiustech’s expanding global footprint.
Navneet brings deep expertise in financial management, controllership, accounting, business process transformation, mergers & acquisitions, acquisition integration, and investor relations.
Khandelwal started his career at Wipro Technologies and remained there for 16 years, rising through the ranks across audit, controllership, and business finance, eventually serving as VP – finance. He then served as CFO at several major firms, including ITC Infotech, Microland, and Zensar Technologies—both listed and unlisted—adding depth to his financial repertoire.
Known for transforming processes without breaking the flow, Khandelwal has consistently led initiatives focused on strategic growth and performance efficiency. He has built finance teams from the ground up and led merger integrations with a steady hand.
The appointment comes as healthcare IT companies face rising compliance expectations, global expansion challenges, and pressure to deliver value in a shifting regulatory climate. With Khandelwal on board, Citiustech seems to be hedging its bets on someone who doesn’t just crunch numbers—but also knows how to navigate them with purpose.
Brands
Ekart expands IKEA partnership with EV deliveries in Chennai
3PL to handle 600 plus products with 48 hour delivery via EV fleet.
MUMBAI: Flatpacks are going electric and your sofa might now arrive with a smaller carbon footprint. Ekart has expanded its partnership with IKEA to power last-mile deliveries in Chennai, doubling down on speed, scale and sustainability in one of India’s key urban markets. Under the collaboration, Ekart will manage end-to-end large-format deliveries for IKEA across the city using a 100 per cent dedicated electric vehicle fleet. The move makes Chennai the second major market after NCR-Delhi where Ekart handles IKEA’s last-mile logistics, signalling a broader rollout of EV-led supply chains.
The mandate is no small load. Ekart will oversee deliveries for over 600 products from IKEA’s catalogue, ranging from furniture to home décor—categories that demand specialised handling and precision logistics.
Backed by its technology-driven fulfilment network, Ekart is targeting deliveries within a 48-hour window, offering real-time tracking and end-to-end visibility from warehouse to doorstep. The focus is clear: faster turnarounds without compromising on control or customer experience.
The EV-first model also aligns with both companies’ sustainability goals, as urban logistics increasingly shifts towards zero-emission solutions. For IKEA, which continues to expand its omnichannel presence in India, reliable and eco-conscious last-mile delivery is becoming central to scale.
For Ekart, the partnership reinforces its positioning as an enterprise-grade logistics player in large-format commerce. The company already supports over 1,800 retail, D2C and enterprise brands, spanning last-mile delivery, part-truckload services and warehousing.
As India’s logistics ecosystem evolves, this collaboration highlights a growing trend: delivery is no longer just about distance, it’s about efficiency, experience and increasingly, emissions.
