Binny Bansal becomes new CEO of FlipKart

Reading Time: 1 minute

 

In an unexpected move, India’s biggest e-commerce company Flipkart has announced its co-founder and COO Binny Bansal as its new CEO; while Sachin Bansal, the other founder and CEO will be taking the role of executive chairman.

The $15-billion company’s move is intended to reshape its strategic plans and objectives in countering stiff competition from Amazon and make Flipkart the leading internet company in the world & play an active role in transforming India’s e-commerce sector.

Advertisement

MAJOR HIGHLIGHTS:

Binny Bansal will be taking care of the operations and overall performance. Every business areas that include E-kart, Myntra and new business will be reporting to him.

Binny Bansal will also be heading the corporate arm which includes human resources, accounts and company developments.

Sachin Bansal will be taking care Flipkart’s strategic plans, newer investments options and mentor senior leadership.

Mukesh Bansal, who was touted to be the next-inline CEO will be continuing as the chairman of Myntra and heading Flipkart’s commerce platform. Additionally Mukesh will be responsible of Flipkart’s overall ads business.

The current ads business head Ravi Garikipati will be reporting to Mukesh Bansal.

Advertisement

More Articles for You

Expose Your Brand in Storytelling – Pros and Cons of Essential Elements

Storytelling is a technique in which we try to connect the customers through some sort of emotions. It is widely …

4 Investment Options that’ll Help You Reach Zero -Tax Income Level

The Budget for the fiscal year 2019-20 announced on 1st February 2019, declared a full tax rebate for incomes up …

How to Generate Income during Retirement

Retirement is truly the golden period of your life. This is the time when you are finally free from all …

Painting with sparklers fireworks – Behind the lens

Painting a picture with the sparklers is very interesting and fun work. At the same time, it teaches you a …

Beginners guide to design creative posters for freelance business

A poster is an informative creative design concept. It a combination of brilliant idea with a great aesthetic which could …

What is bio polymer starch? Advantages of using starch

Biopolymers are a special class of polymers found in nature like starch, peptides or proteins. The biopolymers are natural, environment-friendly …