Top management reshuffle at Flipkart

Flipkart has made changes to its top management, handing over more responsibility to Myntra founder Mukesh Bansal. It may be recalled that Flipkart had acquired Myntra to gain hold over the high margin fashion business. The reshuffle also means a higher profile for Ankit Nagori, the marketplace head who will now oversee Flipkart’s general merchandise and book-retailing business.

Apart from heading the fashion business of Myntra under Flipkart, Mukesh Bansal gets additional responsibility of the overall marketing, computers and consumer electronics portfolios. Kalyan Krishnamurthy, interim Chief Financial Officer at Flipkart for over a year now, is heading back to investment firm Tiger Global. Krishnamurthy, Director of Finance for portfolio companies at Tiger, had taken over CFO’s role after Karandeep Singh quit as head of finance at Flipkart in January last year. In September, Flipkart had hired Tata Communications CFO Sanjay Baweja as the new Finance Head.

As per the new arrangements, Michael Adnani, Vice President, Retail and head of strategic alliances, will report into Mukesh Bansal, who is also on the board of Flipkart. Adnani has spearheaded Flipkart's exclusive and successful partnerships with Motorola and Xiaomi. Amitesh Jha, who heads electronics and computers at Flipkart, will also report to Bansal. Ravi Vora, who was handling marketing, will now take care of development of new in-house brands.