“My incredible journey with Myntra and Flipkart comes to an end”: Mukesh Bansal

, 12:02 AM IST

In an interview with “The Mint” newspaper Mukesh said “As Flipkart is doing really well with a great management team, I felt this was the right opportunity for me to step back”.

The unexpected move comes soon after the company saw Binny Bansal taking over as CEO and Sachin Bansal as executive chairman.

Mukesh in a letter to his employees said “My incredible journey with Myntra and Flipkart comes to an end. It has been amazing nine years filled with lot of learning, privilege to work with outstanding people and chance to participate in building future industry of India that will impact hundred of millions of people”

“I have enjoyed every minute of my time with Flipkart and felt inspired every moment,” he further added.
While listing the company’s achievements at the Flipkart during the last two years. “In last two years, we have established very strong leadership in Fashion, transformed the business into Marketplace model, increased our Smartphone market share to 60% and built differentiators in Large. We have pivoted to completely mobile first company with 60% mCommerce market-share for the group”

Speaking about leadership team at Flipkart, Mukesh said, “With the calibre of this team, I am very confident that Flipkart is in safe hands and this team is eminently capable of charting the course for next phase of Flipkart journey.”

“I am very excited with Binny coming in as CEO and my transition will enable him to work directly with CP leadership. Binny, along with the leadership and the amazing talent pool at Flipkart, will do justice to any mandate and continue to push the boundaries for e-commerce / Internet businesses in India and beyond” he added.