The e-commerce giant had recently shuffled its top deck to bring in new talent for the next level of growth. Mukesh Bansal says restructuring is an ongoing process and the focus is on bringing in new leaders into the organization.
It may be eyeing a Wall Street IPO in the near future, but Flipkart is now in expansion mode. The e- tailer will soon foray into the furniture segment. The company is investing heavily on technology and is also focusing on mobile platforms.
Speaking exclusively to CNBC-TV18, Mukesh Bansal, the chief marketing officer of Flipkart and co-founder of Myntra, which Flipkart acquired last year, says the two companies will not merge but work as different entities.
The e-commerce giant had recently even shuffled its top deck to bring in new talent for the next level of growth. Bansal says restructuring is an ongoing process and the focus is on bringing in new leaders into the organization.
Below is the verbatim transcript of Mukesh Bansal's interview with CNBC-TV18's Poornima Murali
Q: You have recently shuffled your top deck, tell us more about it
A: We continue to tinker with our structure to optimise what our current priorities are. So, it is an ongoing process. This is an ongoing adjustment to make sure our leadership bandwidth is distributed on the big priorities for the organisation. We are also focusing on bringing in new leaders in the organisation. So, as the size of the business is increasing we have identified new areas that we need to add more leaders into.
We have done some reorganisation recently and as I said we will continue to work on improving that throughout this year.
Q: One much awaited answer from you is, is there a merger between Flipkart and Myntra on the cards?
A: That is something I have answered very categorically ever since we decided to – there is actually no plans to merge the two businesses.
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