Fleet Head - P&L Responsibility

Company Overview

Ritco Logistics Ltd is a BSE- and NSE-listed logistics company with over 30 years of proven expertise in delivering end-to-end logistics solutions. Our services span transportation, warehousing, in-plant logistics, railway logistics, and multimodal transport. With a fleet and vendor network of 10,000+ vehicles, Ritco supports mission-critical sectors such as steel, cement, FMCG, capital goods, solar, and automotive. Recognized for our tech-driven operations, we are committed to innovation, operational efficiency, and customer-centric service delivery.

Role Overview

The Fleet Head P&L Responsibility will be responsible for managing and expanding Ritco’s fleet operations, driving profitability, and overseeing all aspects of driver management, vehicle utilization, operations, and claim settlement. The ideal candidate should possess a strong business acumen, deep understanding of truck logistics, and proven leadership in managing large-scale fleet networks.

Key Responsibilities

• Own and manage the full P&L of the fleet division, ensuring revenue growth and profitability.
• Oversee daily fleet operations, including vehicle dispatch, route optimization, and driver deployment.
• Handle end-to-end driver management including hiring, retention, training, compliance, and performance monitoring.
• Ensure maximum earning capacity per vehicle and utilization of fleet assets.
• Lead expansion of the fleet as per business demands and manage procurement of new vehicles.
• Evaluate and implement new road development opportunities for cost and time efficiency.
• Manage and expedite insurance claims and ensure timely settlement of vehicle-related claims.
• Work closely with finance and strategy teams to maintain positive cash flow and cost control.
• Ensure compliance with all regulatory, legal, and safety standards applicable to fleet operations.
• Implement KPIs, dashboards, and MIS systems for performance tracking and reporting to top management.

Key Requirements

• Minimum 15 years of experience in the logistics or fleet transportation industry.
• Strong exposure to fleet operations, driver management, cost optimization, and expansion planning.
• Hands-on experience with managing P&L, budgeting, and revenue forecasting for fleet business.
• Solid understanding of vehicle insurance, claim processes, and legal regulations related to transport.
• Excellent leadership, communication, and decision-making skills.
• Experience with large fleet scale (minimum 500+ vehicles) preferred.

Preferred Qualifications

• Bachelor’s Degree in Mechanical/Automobile Engineering, Logistics, or Business Management.