In recent few
years, India’s biggest ecommerce platform Flipkart is going through lots of
organizational restructuring. Two years back, Sachin Bansal, a co-founder, was
succeeded by another co-founder Binny Bansal as the CEO of Flipkart. In
January, 2017, another restructuring has been done and Kalyan Krishnamurthy was
assigned the role of Chief Executive Officer while Binny Bansal was given the
responsibility of overseeing all group companies – Flipkart, Myntra and
PhonePe.
Profile of
Kalyan Krishnamurhty
Kalyan is
regarded as a doyen of ecommerce business. He has deep understanding of day to
day businesses in this sphere and many industry analysts believe that he is the
best bet Flipkart has if it want to stop the stupendous rise of Amazon in the
Indian market.
Kalyan
Krishnamurthy has done MBA from University of Illinois and later got another
MBA from Asian Institute of Management. He joined Procter and Gamble in the
Supple Chain Finance section and started to get attention. eBay poached him
from P&G and gave him many tough responsibilities. Kalyan had always
justified the trust and responsibility given to him at eBay where he worked for
around 6 years in various capacities.
Tiger Global
Management, a reputed investment firm based out of New York hired him in 2011.
Two years later, Tiger sent him to Flipkart at the position of Head – Category Design.
And, now, he is the CEO of Flipkart.
Kalyan
Krishnamurthy is considered as the key lieutenant of Lee Fixel – the Chief of
Tiger Global, which is the largest shareholder of Flipkart. Lee Fixel is also
called as the God Father of Flipkart as he always went a step ahead to keep
this Bangaluru based ecommerce venture to alive. However, the mounting losses
by Flipkart since last few years had become a matter of concern. Tiger Global
can’t see its money getting wasted in such a huge market like India. Binny
Bansal was increasingly being seen as a person who doesn’t have business acumen
to take on a giant like Amazon. Tiger Global forced the management of Flipkart
to accept its man as the CEO who should also be responsible for Profit and Loss
of the organization. Being the largest shareholder, it was also not tough for
them.
Salary of Kalyan Krishnamurthy
The salary
details of Kalyan Krishnamurthy as the CEO of Flipkart has not been made
public. It is expected that he will get much more than what Binny Bansal was
getting. Further, Tiger Global may force Flipkart to give him some shares.
Wife of Kalyan Krishnamurthy
Kalyan
Krishnamurthy is married and living in Bengaluru with his two daughters and
wife. The name of his wife is not available in the public domain.
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