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July 05, 2015 9:46 AM ET

Internet and Catalog Retail

Company Overview of Flipkart Online Services Pvt. Ltd.

Company Overview

Flipkart Online Services Pvt. Ltd. owns and operates an online shopping Website in India. It provides books, movies, music, games, consoles, gaming accessories, mobiles, mobile accessories, cameras, camera accessories, computers, computer accessories, network components, software, peripherals, home and kitchen appliances, TV and video products, and personal and health care products. Flipkart Online Services Pvt. Ltd. was founded in 2007 and is based in Bengaluru, India.

No. 447/B, 1st A Cross

12th Main, 4th Block

Opposite BSNL Telephone Exchange

Koramangala

Bengaluru,  560034

India

Founded in 2007

Phone:

91 80 3023 7000

Fax:

91 80 3023 7000

Key Executives for Flipkart Online Services Pvt. Ltd.

Co-Founder and Chief Executive Officer
Co-Founder and Chief Operating Officer
Chief Financial Officer
Age: 55
President of Operations
Marketing Chief, Head of Flipkart Commerce Platform and Director
Compensation as of Fiscal Year 2015.

Flipkart Online Services Pvt. Ltd. Key Developments

Flipkart To Not List For Two Years

Flipkart Online Services Pvt. Ltd. is not planning to list on stock exchange for next two years. Sanjay Baweja, Chief Financial Officer, Flipkart said, "We are still at a stage where we do not want to stand scrutiny on a quarterly basis. We would rather keep ourselves private for as long as we can and then we will see what lies ahead." In past, the company was eyeing an international listing, with NASDAQ.

Shopclues Not Being Bought By Flipkart Or Snapdeal

Clues Network (P) Limited (Shopclues) is not being bought by Flipkart Online Services Pvt. Ltd. or Jasper Infotech Private Limited (Snapdeal). Sanjay Sethi, Chief Executive Officer & co-founder of Shopclues, confirmed the same, saying, "There are no truth in rumours that Snapdeal will buy us". He added, "If there is no question of Snapdeal buying us out, I don't think there is any point talking about Flipkart".

Flipkart Ltd Names Ankit Nagori as Chief Business Officer

Flipkart Ltd. promoted marketplace operations head Ankit Nagori to the newly created role of chief business officer as India's e-commerce firm seeks to accelerate its shift to a marketplace model and triple the number of third-party sellers on its platform by December. Nagori's earlier role was senior vice-president, marketplace. He will now oversee the marketplace business as well as the company's retail and brand alliance function, which has ceased to exist on a separate basis. He will continue to report to Mukesh Bansal, head of Flipkart's e-commerce platform. In his new role, Nagori will be responsible for striking partnerships with mobile phone makers, fashion retailers and other companies. Michael Adnani, vice-president, retail and head of brand alliances, will report to Nagori.

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