Flipkart Group CFO Sriram Venkataraman steps down

Flipkart said on Friday that Group Chief Financial Officer Sriram Venkataraman will step down, marking a key leadership transition as the Walmart-owned company prepares for a potential public listing.

Venkataraman will stay on with the company for a transition period, while Ravi Iyer, currently CFO of Flipkart’s core marketplace business, will take charge of the broader finance organisation.

“Sriram has been a valued member of the leadership team and has played an important role in strengthening our finance organisation over the years,” Chief Executive Kalyan Krishnamurthy said in an email, which was viewed by YourStory.

Venkataraman said it had been “a privilege” to be part of Flipkart’s growth and that he was proud of what the team had built.

Sriram Venkataraman joined Flipkart in 2015 as CFO of its commerce unit and rose to group CFO in just over a year, reflecting a rapid ascent within the organisation, according to his LinkedIn profile. He later served in a dual role as chief operating officer and CFO for more than seven years.

Prior to Flipkart, he spent over a decade at Hindustan Unilever Limited in senior finance roles, as per LinkedIn. He holds an MBA from the Indian School of Business (ISB) and a degree in chemical engineering from the Indian Institute of Technology Madras (IIT Madras).

The leadership reshuffle comes amid a broader effort to tighten operations and prepare the company for the scrutiny of public markets. Flipkart has in recent months made a series of senior hires across finance, supply chain and compliance, including appointments to oversee grocery logistics, corporate governance and group-level financial controls. Former Meta executive Dan Neary also joined the company’s board in December.

The company has also been reorganising internally. Earlier this month, Flipkart asked roughly 400 to 500 employees—about 3% to 4% of its workforce, to exit following performance reviews, a higher proportion than in a typical year, according to people familiar with the matter.

Separately, Flipkart said it has appointed Nishant Verman as senior vice-president for corporate development and partnerships. Verman returns after founding cross-border exports platform Bzaar and previously held roles at Microsoft and Morgan Stanley.

The changes come as Flipkart advances preparations for a domestic listing. The company recently shifted the domicile of its holding entity from Singapore to India, a step widely seen as paving the way for an initial public offering (IPO). People familiar with the matter said the company could target a listing by late 2026 or 2027, depending on market conditions and operational readiness.