IPO-bound Flipkart shifts domicile to India
The Walmart-backed e-commerce large stated it appears ahead to the following section of progress as a totally Indian-domiciled firm.
“Flipkart has acquired Authorities of India approval for its inside restructuring, pursuant to which Flipkart Web Non-public Restricted is now the holding entity of the Flipkart group,” it stated.
This successfully completes the redomiciliation of the Flipkart group to India, forward of a deliberate Preliminary Public Providing (IPO). The corporate termed the event a major milestone that displays its deep and long-term dedication to India.
“We’re grateful to the Authorities of India for its help and stay up for the following section of Flipkart’s progress as a totally Indian-domiciled firm,” a Flipkart assertion stated.
Corporations pursue reverse flip earlier than IPO to shift their guardian entity again to India, aligning with native laws, enhancing valuation, and signalling long-term dedication to the home market.
In response to sources, Flipkart Group clocked USD 30 billion in gross merchandise worth (GMV) within the 2025 calendar 12 months, supported by over 500 million prospects and 1.6 million sellers.Sources stated final week that Flipkart trimmed its workforce by 250-300 workers following its annual efficiency overview. The job cuts, which span a number of departments and worker ranges, got here whilst the corporate continued senior-level hiring forward of its deliberate IPO.
“Flipkart conducts common efficiency opinions aligned with clearly outlined expectations. As a part of this course of, a small share of workers might transition from the organisation. We’re supporting affected workers with transition help,” Flipkart stated in a press release on Friday, however didn’t reveal the variety of workers impacted in that train.
Sources had, nonetheless, pegged the quantity between 250 and 300.
In December 2025, the corporate acquired a nod from the Nationwide Firm Regulation Tribunal (NCLT) to shift its authorized domicile from Singapore to India. The restructuring goals at simplifying the group’s holding construction — its companies throughout vogue, well being, and logistics — and concerned the merger of eight Singapore-based entities into Flipkart Web Pvt Ltd to align with Indian regulatory necessities.
Over the previous months, Flipkart has been strengthening its senior management bench, making a number of key appointments. These embrace the appointment of Somnath Das as VP, Provide Chain, Digbijay Mishra as VP, Company Communications, Vipin Kapooria as VP, Enterprise Finance, Yogita Shanbhag as VP, Human Assets, and Amer Hussain as VP, Provide Chain, for its grocery and minutes (fast commerce) companies.
Flipkart India had reported a wider consolidated lack of Rs 5,189 crore in FY25, in comparison with Rs 4,248.3 crore within the previous monetary 12 months, in line with information from enterprise intelligence platform Tofler.
The corporate, nonetheless, recorded a 17.3 per cent enhance in consolidated income from operations at Rs 82,787.3 crore in FY25, from Rs 70,541.9 crore in FY24. Whole bills for the fiscal 12 months rose 17.4 per cent to Rs 88,121.4 crore, pushed primarily by stock-in-trade purchases, which reached Rs 87,737.8 crore, in comparison with Rs 74,271.2 crore a 12 months in the past.
Flipkart Group firms embrace Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and tremendous.cash.