Kalyan who was earlier heading Tiger global is the new CEO of Flipkart. Binny Bansal is now Group CEO while Sachin continues to be the executive chairman for the group.
“This newly formed group organisation will focus on creating future value through a portfolio of new, high growth businesses, manage capital allocation across group companies, and ensure each business has a strong CEO in place,” Flipkart.
Note that Flipkart Lost Rs 2,850 Cr in Fiscal 2016, (sales Jumped to Rs 15,403 Cr).
What’s your take on the new org changes ? Are Bansals are on their way out ? Has Flipkart bit more it can chew (i.e. multiple acquisitions)?
Opinion : An open letter to Sachin and Bhavish
