Walmart-owned Flipkart has shifted its ownership structure from Singapore to India following regulatory approval, as it prepares for a planned stock market listing in FY27.
The relocation follows the approval given by the National Company Law Tribunal (NCLT) in December 2025, enabling the company to transfer its ownership and management from Singapore to India.
As part of the restructuring, the court approved the merger of eight Singapore-registered entities into Flipkart Internet.
Flipkart Internet, incorporated in India, will serve as the group’s primary operating entity for its domestic businesses.
The change comes more than a decade after the e-commerce company moved its headquarters overseas.
Flipkart moved its headquarters to Singapore in 2011.
The board approved the move to return the company’s domicile to India in April 2025, when Flipkart first revealed plans to shift its headquarters back to the country.
In September, the company received in-principle approval from a Singapore court.
Proceedings were also conducted before the National Company Law Appellate Tribunal.
Walmart acquired a 77% stake in Flipkart in May 2018 in a $16 billion deal.
According to a report Financial ExpressFlipkart’s gross business value is expected to reach nearly $30 billion in 2025, compared to around $23 billion in 2021.
Founded in Bangalore in 2007, Flipkart was one of the few Indian startups that created offshore structures to attract foreign investment and manage the regulatory environment at the time.
The Flipkart Group includes Flipkart Wholesale, Flipkart Health+, Cleartrip and Myntra.
Last month, its parent Walmart reported revenue growth in FY26 and announced a $30 billion share buyback program.
“Flipkart Completes Relocation to India Ahead of IPO” was originally developed and published by Retail Insight Network, a brand owned by Global Data.
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