Flipkart rejigs senior management

Written by fe Bureau | Bangaluru | Updated: Dec 19 2014, 14:30pm hrs
In a senior management rejig, online marketplace Flipkart has bestowed more responsibility on Mukesh Bansal, who joined Flipkart as VP-Fashion after it acquired Myntra, the online fashion store he founded. In his new role, apart from manning Flipkart's fashion vertical, Bansal will oversee marketing at Flipkart and handle additional portfolios like computers and consumer electronics.

This apart, Ankit Nagori, who, until now, was head of Flipkart's marketplace business, will handle the books category as well. Michael Adnani, VP-retail and head of strategic alliances, and Amitesh Jha, who heads consumer electronics and computers at Flipkart, will report directly to Mukesh Bansal.

Incidentally, Flipkart has, of late, tasted phenomenal success with exclusive brand tie-ups with mobile phone makers Motorola and Xiaomi. While Motorola is believed to have sold over 10 lakh units through Flipkart, Xiaomi sold at least 5 lakh phones.

Besides, Kalyan Krishnamurthy, who has moved from Tiger Global to the helm of Flipkart's finance department after its CFO Karandeep Singh quit in February 2013, will relinquish his position. Krishnamurthy will move back to Tiger Global, where he was finance director for the global investor's portfolio companies. Flipkart recently hired former Tata Communications CFO Sanjay Baweja to head its finance department.

The announcement was made by Flipkart co-founders Sachin and Binny Bansal in an internal email to senior employees. The letter, accessed by FE, states: Kalyan came on board full-time in January 2013 as an interim CFO. We were facing multiple challenges in business and finance and, at that time, Kalyan was instrumental in fundamentally changing the business trajectory for us with passion and drive. Kalyan, Mukesh and Ankit will be setting up meetings with relevant stakeholders and work out the transition plan.

Krishnamurthy had assumed the role of senior VP-Retail in March 2014. His last day at Flipkart will be November 15, the letter stated.

A Flipkart spokesperson said: Flipkart is a new age and agile company, and organisational changes are regular for us. Realigning roles and responsibilities help us keep pace with our aggressive growth and the dynamic environment we operate in.