Business

After Binny Bansal’s exit, Walmart-owned Flipkart set to hire top talent in tech, marketing, human resources

New Delhi: With group CEO and chairman Binny Bansal’s sudden departure and senior executives are reportedly to be in exit mode, Walmart-acquired Flipkart is poised to overhaul its management team by aggressively hiring senior executives in areas such as marketing, technology, supply chain management, human resources and product. The US-based retail behemoth will also relocate staff from overseas so that the Indian business aligns with Walmart’s global processes, the Economic Times reported citing headhunting companies.

“Flipkart is committed to growing ecommerce in India and particularly to innovating to get the next 200 million customers online! In line with that vision, we have aggressive growth plans in place and a large focus on getting top talent at all levels,” a company spokesperson told the financial daily in an email.

Also Read: Around 200 Jabong employees set to lose jobs as part of reshuffle at Flipkart

The publication mentioned that a Bengaluru-based headhunter is evaluating at least five names on behalf of India’s largest ecommerce company for senior leaders in domains such as logistics, supply chain, marketing and technology.

Walmart desires Flipkart to grab the leadership position with no close competition in the ecommerce space, the executive recruitment agency’s senior partner told ET on condition of anonymity.

Flipkart is considered as the best paymaster in the ecommerce sector and there is no limit to the amount of money that can be offered as remuneration. Top management executives are paid over Rs 5 crore a year, the report said.

James Agrawal, managing director, BTI Executive Search, told the publication, “Despite a few exits, hiring at senior level would continue and this would include hiring for both replacement and fresh profiles.”

Worth mentioning here is that India has emerged as the major online retail market for Walmart and Amazon Walmart as both the companies lost out on the world’s largest online retail market — China. The two companies would go full throttle in India as they need to expand their global networks, opine experts.

India’s ecommerce market was worth nearly USD 20 billion in 2017 and is estimated to reach USD 35 billion in sales by 2019, as per reports from multiple research firms.

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