After its IPO, Swiggy is making key changes at the top. Two long-time investor representatives — Sumer Juneja from SoftBank and Anand Daniel from Accel — have stepped down from the board. This move signals a shift in how Swiggy wants to shape its future.
Faraz Khalid Joins as Independent Director
To bring in fresh global perspective, Swiggy has appointed Faraz Khalid, CEO of Middle East-based e-commerce platform noon, as a new independent director. His five-year term will need shareholder approval.
Faraz is also the co-founder of Namshi and has years of experience in e-commerce, quick commerce, and food delivery across the Middle East and North Africa — a background that fits well with Swiggy’s evolving business.
Shailesh Haribhakti Reappointed for Another Term
Swiggy has also extended the term of Shailesh Haribhakti, a respected chartered accountant, as a non-executive independent director. He will begin his second five-year term in January 2026.
With over 50 years of experience, Haribhakti leads his own firm and also serves as Vice Chairman at GovEVA Consulting. His continued presence brings strong governance and financial insight to the board.
Focus on Better Governance and Global Thinking
These changes reflect Swiggy’s efforts to build a stronger, more diverse leadership team. With new faces and fresh expertise, the company is preparing itself for long-term, sustainable growth in the public market.
Board Members Who Guided Swiggy Through Its IPO
During its IPO, Swiggy’s board was led by a mix of founders, professionals, and investor representatives. Here’s a look at some of the key people who played a role:
| Name | Role | Background |
|---|---|---|
| Sriharsha Majety | Executive Director & Group CEO | Co-founder of Swiggy |
| Lakshmi Nandan Reddy Obul | Executive Director, Head of Innovation | Co-founder of Swiggy |
| Anand Kripalu | Independent Director & Chairperson | Former CEO, Diageo India (Appointed Dec 2023) |
| Shailesh V. Haribhakti | Independent Director | Veteran Chartered Accountant (Since Jan 2023) |
| Sahil Barua | Independent Director | CEO & Co-founder, Delhivery (Since Jan 2023) |
| Suparna Mitra | Independent Director | Ex-CEO, Titan Watches & Wearables (Since Apr 2024) |
| Sumer Juneja | Nominee Director | SoftBank (Since July 2021) – Stepped down post-IPO |
| Anand Daniel | Nominee Director | Accel (Since July 2015) – Stepped down post-IPO |
| Ashutosh Sharma & Roger Clark Rabalais | Nominee Directors | Representing Prosus – Appointed pre-IPO |
Few months ago, Delhivery founder Sahil Barua also left Swiggy Board and joins Nestasia.
Competitor Zomato Posted Strong Financials?
Swiggy is also preparing for the next phase of growth after its IPO. Reports suggest the company is focusing heavily on strengthening its logistics, expanding Instamart, and improving margins.
Meanwhile, Zomato has posted strong financials in Q1 FY26; meanwhile, its core food delivery operations report slowdown but Blinkit shows a strong growth. Check out the detailed financials here.
