Walmart-owned Flipkart Group’s chief financial officer Sriram Venkataraman is set to step down, as the ecommerce company moves closer to its planned initial public offering.
The company said that Venkataraman, who has been with Flipkart for nearly a decade, will exit over the coming months. A successor has not yet been announced.
His departure comes at a time when Flipkart is preparing for a public listing, expected next year. The timing makes the move significant, as the finance function plays a key role in IPO readiness, including financial reporting, investor communication and regulatory processes.
Venkataraman joined Flipkart in 2015 and has been part of the company’s leadership team through a period of growth and restructuring. During his tenure, he helped strengthen the company’s financial operations.
In a statement, he said it had been a privilege to be part of Flipkart’s journey and to work with the team, adding that he wishes the company continued success.
Flipkart Group CEO Kalyan Krishnamurthy acknowledged his contribution, noting that he played an important role in building and strengthening the company’s finance organisation.
The leadership change also comes alongside structural changes within the group. Flipkart has recently completed the process of shifting its domicile back to India from Singapore, a move seen as a step towards its listing plans.
As part of this restructuring, multiple entities within the group are being aligned under Flipkart Internet Private Limited. These include businesses such as Myntra, Cleartrip, Flipkart Health, Super.money and logistics arm Ekart.
In addition, the company has appointed Nishant Verman as senior vice president to support its IPO preparations.
Flipkart, one of India’s largest ecommerce platforms, is expected to be among the major companies looking to tap public markets in the coming years. The upcoming IPO is being closely watched as part of a broader pipeline of new-age technology listings.
Venkataraman’s exit adds to the leadership changes taking place ahead of the planned listing, as the company continues to prepare for its next phase of growth.