wordpress blog stats
Connect with us

Hi, what are you looking for?

Flipkart adds ex-McKinsey director Saikiran Krishnamurthy as COO

med_th_Saikiran_Krishnamurthy_V2E-tailer giant Flipkart has hired McKinsey’s Saikiran Krishnamurthy as COO, Commerce Division, reports ET Tech. A director at McKinsey, Krishnamurthy led McKinsey’s Chemicals and Agriculture Practice along with Operations Practice and McKinsey Implementation in India. Krishnamurthy is an alumnus of IIM-A and has worked with McKinsey for over 15 years.

Top management shuffle

Mukesh Bansal told MoneyControl earlier this month that they were looking to bring in new leaders at Flipkart to manage newly identified areas in the organisation. Krishnamurthy’s move comes in the light of Myntra co-founder Mukesh Bansal taking on a mentor-like strategic role, reports The Hindu’s Business Line. It adds that the co-founders will be focusing on strategic growth for the company, getting out of day-to-day management, planning to focus on long term growth and scaling operations. According to the ET Tech report, Binny Bansal will be overseeing supply chain and logistics whereas Mukesh Bansal was made the CEO, Commerce Division.

According to Krishnamurthy’s McKinsey profile, he has “partnered with major companies in a range of industries to strengthen their operational capabilities, creating a strong foundation for profitable growth. This work has involved several innovations to help clients achieve and sustain improvements—ranging from running “academies” to build capabilities at scale to creating new management tools to measure and improve the long-term health of a business or function.”

Flipkart currently has one open position (Engineering Manager) on their careers page. The ET Tech report adds that Flipkart has set aside 2.5% of its capital to expand ESOPs for top executives. Myntra has already hired 10 executives including Abhishek Verma, Rahul Chaudhary and Sidharth Gupta from McKinsey over the last year. Myntra founder Mukesh Bansal came on Flipkart’s board last year when Flipkart bought the company for INR 2,000 crores.

Flipkart has raised over $2.5 billion, including $1.91 last year from over 15 investors including Steadview Capital, Accel Partners, Naspers, Qatar Investment Authority and DST Global.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Truecaller has appointed a new chief financial officer, Odd Bolin, to prepare the company for an initial public offering (IPO). The Sweden-headquartered caller identification...


The Federation of All India Vyapar Mandal (FAIVM), a pan-India body of traders and retailers, has recommended that the government impose a tax of...


Google Cloud has elevated Karan Bajwa — who currently heads its business in India — to lead operations in the Asia Pacific region, the...


The Department for Promotion of Industry and Internal Trade (DPIIT) has forwarded complaints against Amazon and Flipkart, made by traders body Confederation of All...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ