In recent few years, India’s biggest ecommerce platform Flipkart is going through lots of organizational restructuring. Two years back, Sachin Bansal, a co-founder, was succeeded by another co-founder Binny Bansal as the CEO of Flipkart. In January, 2017, another restructuring has been done and Kalyan Krishnamurthy was assigned the role of Chief Executive Officer while Binny Bansal was given the responsibility of overseeing all group companies – Flipkart, Myntra and PhonePe.
Kalyan is regarded as a doyen of ecommerce business. He has deep understanding of day to day businesses in this sphere and many industry analysts believe that he is the best bet Flipkart has if it want to stop the stupendous rise of Amazon in the Indian market.
Kalyan Krishnamurthy has done MBA from University of Illinois and later got another MBA from Asian Institute of Management. He joined Procter and Gamble in the Supple Chain Finance section and started to get attention. eBay poached him from P&G and gave him many tough responsibilities. Kalyan had always justified the trust and responsibility given to him at eBay where he worked for around 6 years in various capacities.
Tiger Global Management, a reputed investment firm based out of New York hired him in 2011. Two years later, Tiger sent him to Flipkart at the position of Head – Category Design. And, now, he is the CEO of Flipkart.
Kalyan Krishnamurthy is considered as the key lieutenant of Lee Fixel – the Chief of Tiger Global, which is the largest shareholder of Flipkart. Lee Fixel is also called as the God Father of Flipkart as he always went a step ahead to keep this Bangaluru based ecommerce venture to alive. However, the mounting losses by Flipkart since last few years had become a matter of concern. Tiger Global can’t see its money getting wasted in such a huge market like India. Binny Bansal was increasingly being seen as a person who doesn’t have business acumen to take on a giant like Amazon. Tiger Global forced the management of Flipkart to accept its man as the CEO who should also be responsible for Profit and Loss of the organization. Being the largest shareholder, it was also not tough for them.
Salary of Kalyan Krishnamurthy
The salary details of Kalyan Krishnamurthy as the CEO of Flipkart has not been made public. It is expected that he will get much more than what Binny Bansal was getting. Further, Tiger Global may force Flipkart to give him some shares.
Wife of Kalyan Krishnamurthy
Kalyan Krishnamurthy is married and living in Bengaluru with his two daughters and wife. The name of his wife is not available in the public domain.