#Hong Kong #Caravel Group #Angad Banga #Dr. Harry Banga

Leadership Transition at The Caravel Group: Angad Banga Takes the Helm as CEO

In a strategic move reflecting years of careful planning, The Caravel Group has appointed Angad Banga as its new Group Chief Executive Officer effective immediately. This announcement marks a significant chapter in the company's evolution and underscores a commitment to both stability and growth.

The appointment, which follows a thorough succession process, positions The Caravel Group for future success with Angad Banga at the forefront. He will oversee the Group's essential divisions—Caravel Maritime, Caravel Resources, and Caravel Asset Management—and will be instrumental in guiding capital allocation, strategy, and investment initiatives. Dr. Harry S. Banga, who founded the company, will continue his role as Executive Chairman, focusing on long-term governance and strategic oversight.

Dr. Harry Banga extended his heartfelt congratulations to Angad, expressing pride not only as a founder but also as a father. He emphasized that this transition is the culmination of extensive preparation and highlighted Angad’s respect within the industry as a key asset.

Angad has been a pivotal figure at The Caravel Group since its inception, serving most recently as Chief Operating Officer from 2016 to 2025. His leadership during this period was marked by a strategic transformation that turned The Caravel Group into a diversified powerhouse, enhancing operational capabilities, establishing new business ventures, and promoting investment performance.

Furthermore, his focus on digital transformation and operational excellence has been crucial in building resilience across the enterprise, ensuring that human capital remains at the core of the Group's philosophy. Recently, he also held the position of Chairman of the Hong Kong Shipowners Association, navigating through challenging geopolitical and regulatory landscapes, further solidifying his reputation in the maritime industry.

This leadership structure, combining the long-term vision of Dr. Banga with Angad’s operational expertise, is designed to maintain client relationships, operational commitments, and the Group's strategic direction without interruption. Angad expressed his deep gratitude to Dr. Banga and the dedicated team that facilitated this transition. He reaffirmed the Group's commitment to its clients and partners, emphasizing that the focus on operational excellence and sustainable growth will continue to drive The Caravel Group forward into a promising future.

The Caravel Group, headquartered in Hong Kong, is a notable globally diversified entity that operates in various sectors, including maritime services, commodity trading, investment management, and philanthropy. It is renowned for its Fleet Management Limited division, which ranks among the world's largest third-party ship managers, and its commitment to education through the International Maritime Institute in India and philanthropic initiatives through the Caravel Foundation.

As Angad Banga takes on this pivotal role, all eyes are on The Caravel Group as it embarks on its next chapter, promising to uphold the values of Family, Integrity, and Partnership that have been the hallmark of its legacy. The strategic combination of labor and leadership at this juncture positions The Caravel Group as a leader in innovation and operational excellence in the maritime and investment sectors, ready to navigate an evolving global landscape and meet the challenges of tomorrow.