Swiggy Signals a New Era with Fresh Board and Independent Focus

Swiggy has taken a major step in corporate governance by moving towards a fully independent Board, welcoming a new global leader and bidding farewell to two key investor representatives.

Swiggy, India’s leading on-demand convenience platform, is officially entering a new phase of governance as it transitions to a more independent Board structure following its public listing. In a significant update, the company has announced the appointment of Faraz Khalid, CEO of noon, as an independent director. At the same time, long-time Board members Sumer Juneja of Softbank and Anand Daniel of Accel have stepped down from their roles as non-executive and non-independent directors.

This evolution comes at a crucial juncture in Swiggy’s journey. With its IPO now behind it, the company is placing sharper focus on long-term growth, robust oversight, and best-in-class corporate governance. Founder and Group CEO Sriharsha Majety emphasized that the transition marks more than just change. It reflects a conscious pivot towards stronger strategic guidance, deeper diversity, and greater independence at the Board level. He described Faraz Khalid as a visionary in the world of e-commerce, known for his ability to build and scale platforms that integrate technology, customer experience, and operational excellence.

Faraz brings with him a legacy of digital innovation. As the CEO of noon, he has helped build one of the Middle East’s most powerful consumer commerce ecosystems, spanning ecommerce, quick commerce, and food delivery. Prior to that, he co-founded Namshi, a leading online fashion platform. His understanding of global markets and digital ecosystems is expected to significantly shape Swiggy’s next chapter.

The departure of Sumer Juneja and Anand Daniel marks the end of an era in Swiggy’s Boardroom. Both played critical roles in the company’s growth journey, offering strategic guidance and investor insight during key phases. Their exit signals the investors' strong confidence in Swiggy’s leadership, vision, and its evolving governance model. This shift also brings Swiggy in line with global governance benchmarks, a key requirement for public companies.

Chairperson of the Board Anand Kripalu shared that the changes are designed to strengthen Swiggy’s commitment to transparency, long-term value creation, and accountability to shareholders. He thanked the outgoing directors for their early and unwavering support of Swiggy’s mission and welcomed Faraz Khalid with optimism about the strategic direction his experience will bring.

As Swiggy evolves from a high-growth startup to a mature, listed company, these Board-level shifts underline a broader story. It is one of transformation, where a company built on food delivery and digital convenience is now preparing for a larger role in India’s consumer internet future.

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