Flipkart’s top level exodus continues as CFO Sanjay Baweja quits - Hindustan Times
close_game
close_game

Flipkart’s top level exodus continues as CFO Sanjay Baweja quits

ByAgencies, Mumbai
Oct 26, 2016 08:05 AM IST

India’s largest e-commerce firm Flipkart said on Tuesday its chief financial officer would leave the company at the end of this year. The departure of Sanjay Baweja comes during the Indian festive season, a crucial time for sales, and as Flipkart engages in talks with U.S. retailer Wal-Mart Stores Inc to raise up to $1 billion for a minority stake.

India’s largest e-commerce firm Flipkart said on Tuesday that its chief financial officer (CFO) would leave the company at the end of this year.

The departure of Sanjay Baweja comes during the Indian festive season, a crucial time for sales, and as Flipkart engages in talks with US retailer Wal-Mart Stores Inc to raise up to $1 billion for a minority stake.(Reuters file)
The departure of Sanjay Baweja comes during the Indian festive season, a crucial time for sales, and as Flipkart engages in talks with US retailer Wal-Mart Stores Inc to raise up to $1 billion for a minority stake.(Reuters file)

The departure of Sanjay Baweja comes during the Indian festive season, a crucial time for sales, and as Flipkart engages in talks with US retailer Wal-Mart Stores Inc to raise up to $1 billion for a minority stake.

Hindustan Times - your fastest source for breaking news! Read now.

Baweja joined Flipkart in September 2014 from Tata Communications.

A Flipkart spokesman said December 31 would be Baweja’s last day at the company and the search for a replacement had begun.

Flipkart has seen a string of exits in recent months.

Head of commerce and advertising business Mukesh Bansal and chief business officer Ankit Nagori resigned from the company in February this year. Nagori quit the firm to start a venture in the sports domain where Flipkart’s co-founders Sachin and Binny Bansal are the first investors.

Later in April, Flipkart’s chief product officer Punit Soni and vice-president and head of seller ecosystem Manish Maheshwari resigned from the company to join Web18. In July, Flipkart lost two more senior executives -- payment product head Lalit Sarna and product lead for marketplace division Sunil Gopinath.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, March 19, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On