Binny Bansal, co-founder of Flipkart, has officially resigned from the board of the e-commerce giant, drawing to a close the chapter he started alongside Sachin Bansal 16 years ago. This move follows Mr Bansal’s recent sale of his remaining stake in Flipkart.
In a statement, he said, “I am proud of the Flipkart Group’s achievements over the past 16 years. Flipkart is in a robust position, with a strong leadership team and a clear path forward, and with this confidence, I have decided to step aside, knowing the company is in capable hands.”
“I wish the team the best as they continue to transform experiences for customers, and I remain a strong supporter of the business,” he added.
Here are five facts about Binny Bansal:
Binny Bansal is originally from Chandigarh and attended St. Anne’s Convent School in the city. He pursued software programming at IIT Delhi, ultimately graduating with a degree in computer science and engineering.After college, he worked at Sarnoff Corporation and joined Amazon as a software engineer in January 2007, where he worked for 9 months. He eventually left Amazon to co-found Flipkart.Binny Bansal held key positions at Flipkart. He started as the Chief Operating Officer, later becoming the Chief Executive Officer in 2016 and then the Group CEO in January 2017. Known for his investments in startups, Mr Bansal is also on the board of digital payments company PhonePe.Binny Bansal is one of India’s youngest billionaires and his current net worth is $1.4 billion (Rs 11,637 crore)
