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Key Points
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nIn recent fewnyears, India’s biggest ecommerce platform Flipkart is going through lots ofnorganizational restructuring. Two years back, Sachin Bansal, a co-founder, wasnsucceeded by another co-founder Binny Bansal as the CEO of Flipkart. InnJanuary, 2017, another restructuring has been done and Kalyan Krishnamurthy wasnassigned the role of Chief Executive Officer while Binny Bansal was given thenresponsibility of overseeing all group companies – Flipkart, Myntra andnPhonePe.
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Profile ofnKalyan Krishnamurhty
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nKalyan isnregarded as a doyen of ecommerce business. He has deep understanding of day tonday businesses in this sphere and many industry analysts believe that he is thenbest bet Flipkart has if it want to stop the stupendous rise of Amazon in thenIndian market.
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nKalyannKrishnamurthy has done MBA from University of Illinois and later got anothernMBA from Asian Institute of Management. He joined Procter and Gamble in thenSupple Chain Finance section and started to get attention. eBay poached himnfrom P&G and gave him many tough responsibilities. Kalyan had alwaysnjustified the trust and responsibility given to him at eBay where he worked fornaround 6 years in various capacities.
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nTiger GlobalnManagement, a reputed investment firm based out of New York hired him in 2011.nTwo years later, Tiger sent him to Flipkart at the position of Head – Category Design.nAnd, now, he is the CEO of Flipkart.
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nKalyannKrishnamurthy is considered as the key lieutenant of Lee Fixel – the Chief ofnTiger Global, which is the largest shareholder of Flipkart. Lee Fixel is alsoncalled as the God Father of Flipkart as he always went a step ahead to keepnthis Bangaluru based ecommerce venture to alive. However, the mounting lossesnby Flipkart since last few years had become a matter of concern. Tiger Globalncan’t see its money getting wasted in such a huge market like India. BinnynBansal was increasingly being seen as a person who doesn’t have business acumennto take on a giant like Amazon. Tiger Global forced the management of Flipkartnto accept its man as the CEO who should also be responsible for Profit and Lossnof the organization. Being the largest shareholder, it was also not tough fornthem.
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nSalary of KalyannKrishnamurthy
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nThe salaryndetails of Kalyan Krishnamurthy as the CEO of Flipkart has not been madenpublic. It is expected that he will get much more than what Binny Bansal wasngetting. Further, Tiger Global may force Flipkart to give him some shares.
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nWife of KalyannKrishnamurthy
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nKalyannKrishnamurthy is married and living in Bengaluru with his two daughters andnwife. The name of his wife is not available in the public domain.
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nREAD ALSO: IIT JEE Rank of Sundar Pichai
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nREAD ALSO: IIT JEE Rank of Sundar Pichai
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