Flipkart today announced that Sachin Bansal, CEO and Co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and Co-founder of Flipkart, will be the Chief Executive Officer of Flipkart.
In his role as Executive Chairman of Flipkart, Sachin will provide strategic direction for Flipkart, mentor the senior leadership of the company and look for new investment opportunities. He will play an active role in championing the Indian e-commerce sector and building the internet ecosystem, and represent the company in external forums. Sachin Bansal will continue to be the Chairman of the Board.
Binny Bansal as Chief Executive officer will now be responsible for operationally driving the company and will be accountable for Flipkart's overall performance.
Flipkart pioneered E-commerce in India and today holds over 60 percent of the market share in E-commerce.