Flipkart on Friday announced that its Group CFO Sriram Venkataraman is stepping down from the e-commerce firm. The development comes ahead of the Walmart-backed company’s planned initial public offering (IPO) in India.
Meanwhile, Flipkart CFO Ravi Iyer will oversee the company’s broader financial operations. However, Flipkart is yet to announce a successor to Sriram Venkataraman.
The company’s top executive, who has been with Flipkart for more than a decade, will leave in the next few months. The company said in a statement that he will remain with the company for a period of time to ensure continuity and a smooth transition, although the exact date of his last job was not specified.
Here’s a look at his decade-old stint at Flipkart:
Sriram Venkataraman joined Flipkart in September 2015 as CFO of its trading platform. After just over a year in that role, he was promoted to Group CFO, marking a rapid rise through the company’s leadership ranks.
He eventually went on to play a dual role as chief operating officer (COO) and chief financial officer at Flipkart, a position he held for more than seven years before announcing his resignation on Friday, March 20, 2026.
“It has been an honor to be a part of Flipkart’s journey and to work alongside such a talented team. I am proud of what we have built together and wish the company every success in the years to come,” Venkataraman said in an official statement on his departure.
Venkataraman’s previous work experience
Prior to joining Flipkart, Venkataraman served in several leadership roles at Hindustan Unilever Limited (HUL). He has been working in the fast-moving consumer goods (FMCG) company for more than 11 years.
The resignation of the group CFO also comes shortly after Flipkart asked around 400-500 employees to leave the company this year based on its performance review.
The layoffs represented roughly 3-4% of Flipkart’s total workforce, higher than the usual 1-2% of employees in the lowest performing bracket that the company typically lays off each year.
