Online retailer Flipkart.com has appointed Karandeep Singh as Chief Financial Officer (CFO). Singh will also be part of the Executive Team and will contribute to the overall management of the business, concentrating on profitable revenue growth and enhancing the strong lead that Flipkart has in the Indian e-commerce space.
Speaking about Singh’s appointment, Binny Bansal, COO & Co-founder, Flipkart, said, “We are excited to have Karandeep on board. He has the reputation of being a respected business and team leader. We believe he is the right person to build upon Flipkart’s current success and lead the company through its growth stage using the wealth of his experience. His track record of leading operational finance teams that are consumer focused aligns well with our business and expansion plans. We are confident that his twenty years of experience in financial management will help us chalk out and implement our expansion plans successfully.”
“I am excited to join Flipkart, which has revolutionised the way we buy products and experience online commerce. I look forward to supporting the next phase of growth, as we make the Indian shopping experience richer, convenient and more satisfying,” said Singh on his new role.
Prior to joining Flipkart, Singh had held the position of Vice President (Finance) & Managing Director at Sapient Corporation Pvt Ltd, where he led the India operations and was also part of the company’s global leadership team. Singh has also held key finance leadership positions at Dell, Moser Baer, Ariba and Yum, where he overlooked a number of business support functions.
In a career spanning close to 20 years, Singh has led functions in areas of Strategic Business Planning, Financial Operations, Tax Planning, Controllership and Corporate Governance across companies and geographies. He brings with him rich experience in running large scale set-ups and leading businesses in diverse sectors such as Software & Services, High-Tech Manufacturing and Quick Service Restaurants.