The Walmart-backed e-commerce giant said it is eyeing the next phase of growth as a fully India-based company.
“Flipkart has received the approval of the Government of India for its internal restructuring, following which Flipkart Internet Private Limited is now an entity owned by the Flipkart Group.”
This effectively completes the Flipkart Group’s repositioning to India ahead of the planned initial public offering (IPO). The company termed this development as an important milestone that reflects its deep and long-term commitment to India.
“We are grateful to the Government of India for its support and look forward to the next phase of Flipkart’s growth as a fully Indian-based company,” a Flipkart statement said.
Companies are looking for a pre-IPO return to move their core operations back to India, aligning with local regulations, improving valuation, and signaling a long-term commitment to the domestic market.
According to sources, the Flipkart group is set to amass $30 billion in gross merchandise value (GMV) by 2025, supported by over 500 million customers and 1.6 million sellers. Flipkart has cut its workforce by 250-300 employees following its annual performance review, sources said last week. The job cuts, which span multiple departments and staff levels, even as the company continues to make senior hires ahead of its planned IPO.
“Flipkart conducts regular performance reviews against clearly defined expectations. As part of this process, a small percentage of employees may transfer from the organization. We are supporting the affected employees with transition support,” Flipkart said in a statement on Friday, but did not disclose the number of employees affected by the exercise.
However, sources put the number between 250 and 300.
In December 2025, the company received approval from the National Company Law Tribunal (NCLT) to shift its legal domicile from Singapore to India. The reorganization is aimed at simplifying the group’s holding structure — its businesses in fashion, health, and logistics — and merging the eight Singapore-based entities into Flipkart Internet Pvt Ltd to align with Indian regulatory requirements.
Over the past months, Flipkart has strengthened its senior leadership bench, making several key appointments. These include the appointment of Somnath Das as VP, Supply Chain, Dagbeja Mishra as VP, Corporate Communications, Vipin Kapuria as VP, Business Finance, Yogita Shanbagh as VP, Human Resources, and Amir Hussain as VP, Supply Chain, for its rental and precision business.
Flipkart India reported a widening consolidated loss of Rs 5,189 crore in FY25, compared to Rs 4,248.3 crore in the previous fiscal, according to data from business intelligence platform Tofler.
However, the company recorded a 17.3 percent increase in total revenue from operations at Rs 82,787.3 crore in FY25, from Rs 70,541.9 crore in FY24. Total expenses for the fiscal year rose 17.4 percent to Rs 88,121.4 crore, driven mainly by purchases in stock trading, which rose to Rs 87,737.8 crore compared to Rs 74,271.2 crore a year ago.
Flipkart group companies include Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and super.money.
