Mukesh Bansal and Ankit Nagori, two of the three most powerful executives at Flipkart Ltd, are leaving the company to start their own respective ventures, leaving co-founder Binny Bansal firmly in control of India’s largest e-commerce company.
Mukesh, the head of Flipkart’s commerce platform, will leave by April, while chief business officer Nagori will exit by May.
“We’ve been discussing (my departure) for a while, since October,” Mukesh said in an interview. “I wanted to give Binny some time to come in and settle as new CEO. We also restructured the commerce platform into product groups. So I wanted to give some time to Binny to understand the commerce platform and build relationships with the leaders there. We have some great leaders coming in and this was the right time to leave. I really did want to take a break.”
“The past two years or so, I’ve been like a co-founder here. I’ve worked very closely with Sachin and Binny on all aspects including strategy and organization. I got financially and emotionally vested in the success of the group. For me, it was about setting up the company for long-term success. And we are in that space today,” he added.
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