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Business CFO resignation

Flipkart CFO Sriram Venkataraman Resigns

Analysis based on 11 articles · First reported Mar 20, 2026 · Last updated Mar 20, 2026

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The resignation of Walmart — Flipkart's Group CFO, Sriram Venkatraman, ahead of its planned IPO in India, introduces a leadership transition during a crucial period. While Ravi Iyer will oversee finance operations, the market will closely watch the appointment of a permanent successor and the impact on Walmart — Flipkart's IPO preparations. The redomiciliation to India is a positive signal for the Indian market.

E-commerce Retail

Sriram Venkatraman, the Group Chief Financial Officer of Walmart — Flipkart, has resigned from his role after over a decade with the company. His departure comes as Walmart — Flipkart, backed by Walmart, prepares for its initial public offering (IPO) in India. Ravi Iyer, previously CFO of Walmart — Flipkart's marketplace business, will take over the broader finance operations in the interim. Walmart — Flipkart has also completed its redomiciliation from Singapore back to India, a significant milestone reflecting its commitment to the Indian market. Additionally, Nishant Verman has been appointed as Senior Vice President for Corporate Development and Partnerships to strengthen the leadership team ahead of the IPO. The company's CEO, Kalyan Krishnamurthy, acknowledged Sriram Venkatraman's contributions to strengthening the finance organization.

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Sriram Venkatraman resigned as Group CFO of Walmart — Flipkart after over a decade, including leading the finance function since 2018. He will ensure a smooth transition.
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Ravi Iyer, previously CFO of Walmart — Flipkart's marketplace business, will take charge of overseeing Walmart — Flipkart's broader finance operations following Sriram Venkatraman's departure.
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Nishant Verman was appointed Senior Vice President for Corporate Development and Partnerships at Walmart — Flipkart, strengthening its leadership team ahead of the IPO.
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