Swiggy appoints Suparna Mitra as independent director to board

This appointment stands as a significant stride in the company's corporate governance. Mitra, who currently serves as the CEO of Titan Company Limited's Watches and Wearables Division, brings with her an impressive track record spanning over thirty years in the lifestyle and retail industries, enriching the board with invaluable expertise and insight.

Mitra's appointment as an independent director adds to Swiggy's roster of esteemed board members, including Anand Kripalu, MD and Global CEO at EPL Limited and Chairperson of the Swiggy Board; Shailesh Haribhakti, Chairman of Shailesh Haribhakti & Associates; and Sahil Barua, Managing Director and CEO at Delhivery.

Expressing her enthusiasm, Mitra stated, "Having seen Swiggy revolutionise on-demand convenience through innovation and customer-centricity, I’m excited by this opportunity. I look forward to collaborating with the board members and management team of Swiggy, aimed at value creation and value-based governance."

Sriharsha Majety, Group CEO of Swiggy, also voiced his excitement about Mitra's appointment, highlighting her remarkable career and diverse expertise. He expressed confidence in Mitra's ability to provide valuable insights as Swiggy embarks on its next phase of growth.

With a background in electrical engineering from Jadavpur University and an MBA from IIM Calcutta, Mitra has held various leadership positions, including Global Marketing Head at Titan. She currently serves on the Board of Governors at IIM Kozhikode and has been the recipient of prestigious awards for her business acumen.

In other developments, Swiggy is gearing up for its anticipated public offering by mid-2024. According to a report by Moneycontrol, the company has reportedly shortlisted seven investment banks as advisors for the IPO. Among the banks expected to be part of the IPO syndicate are Kotak Mahindra Capital, Citi, and JP Morgan.