Flipkart, the e-commerce platform with the largest stake in the Indian market, has appointed a new CEO. Kalyan Krishnamurthy was roped into be a part of the Flipkart family merely seven months ago when he joined as the head sales de facto- marketplace, retail and advertising businesses. In a recent management reshuffle, Kalyan Krishnamurthy has assumed the role of a CEO to the Flipkart group which is an alliance of Jabong, Myntra, Flipkart, phonePe and Ekart.
About the man of the hour:
Kalyan Krishnamurthy received a MBA degree from the prestigious Asian Institute of Management, Philippines and followed it up with another MBA in finance from UIUC College, Illinois.
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Kalyan Krishnamurthy has led the entire supply chain finance at one of the biggest companies of the world, Procter & Gamble and managed finances for another e-commerce site, eBay at the Asia Pacific level. He worked as the former MD and Finance head at Tiger Global Management LLC. From May 2013, he has also been serving as the Interim CFO at Flipkart’s online Services Pvt Ltd. While working with Tiger, he was famous for playing the longest hide and seek games with the media as he is difficult to track down. A lot of colleagues have also vouched for his people skills and sense of involvement and dedication.
“Kalyan is a fantastic numbers person. He is also extremely perceptive. He can see a person and know instinctively whether that person will be good for the job.” – Co-employee from Tiger
With Kalyan Krishnamurthy assuming the role of the CEO, the structure at Flipkart has undergone serious changes. However, Binny Bansal will oversee capital allocation across all the companies in the Flipkart group while Sachin Bansal will remain executive chairman and play a vital role in decision making of the company.