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Jeyandran Venugopal, Flipkart’s outgoing Chief Product and Technology Officer, is set to step into a new leadership role at Reliance Retail Ventures Ltd. (RRVL) as its Chief Executive Officer, according to a report by The Economic Times.
Venugopal, who stepped down from Flipkart in February citing personal reasons, is expected to take charge of the consumer-facing arm of Reliance Industries Limited (RIL), ushering in a new phase of digital and tech-driven growth for the retail behemoth.
Sources close to the development told ET that discussions are at an advanced stage, with Venugopal likely to join Reliance Retail in May after completing formalities at Flipkart. “Reliance is looking to bring in a seasoned technology leader to drive the next chapter of innovation and scale in its retail journey,” said one of the sources. “Jeyandran fits that bill perfectly.”
Venugopal brings nearly two decades of experience in the tech and product space, including a six-year tenure at Walmart-owned Flipkart. He initially joined as Senior Vice President, overseeing critical areas like consumer experience, data science, design, IT, security, and user research. His leadership has been instrumental in shaping Flipkart’s digital strategy and platform capabilities.
Currently, Venugopal also serves as the Chairperson of the Nasscom DeepTech Council, a position he has held since January 2024. Before his Flipkart stint, he held key leadership roles at fashion e-commerce platform Myntra.
The move comes at a time when Reliance Retail is aggressively expanding its digital and fashion footprint. In February, the company announced a partnership with Chinese fast-fashion brand Shein, signaling its intent to dominate the Indian fashion market. Under the arrangement, Shein’s Indian operations will be managed by a wholly-owned subsidiary of Reliance Retail, with all data and services hosted domestically.
Reliance Retail has also been posting strong financials. For the third quarter of FY25, the company reported a 7% rise in operating revenue to ₹79,595 crore, up from ₹74,373 crore in Q3 FY24. Net profit also saw a 10% jump, reaching ₹3,458 crore.
Both Reliance Retail and Venugopal have yet to comment on the appointment. This story will be updated as more details emerge.
