Swiggy Appoints Titan’s Suparna Mitra as Independent Director Ahead of IPO

• ByStartupStory     |    April 5, 2024

In a strategic move gearing towards its much-anticipated Initial Public Offering (IPO) later this year, Swiggy, the renowned food delivery behemoth, has recently announced the appointment of Suparna Mitra as an independent director to its esteemed board.

Mitra, the current CEO of Titan Company Limited’s watches and wearables division, brings with her over three decades of invaluable experience in the realms of lifestyle and retail industries. Armed with an electrical engineering degree from Jadavpur University and an MBA from the prestigious IIM Calcutta, Mitra’s professional journey exemplifies a blend of technical prowess and business acumen.

This significant addition to Swiggy’s board follows the departure of Mallika Srinivasan, Chairman and Managing Director of TAFE, who stepped down roughly two months prior due to burgeoning commitments to her other ventures.

Expressing enthusiasm over Mitra’s appointment, Sriharsha Majety, Group CEO of Swiggy, remarked, “We are excited to welcome Suparna as an independent director to our board. With her remarkable career and extensive experience in lifestyle and retail industries, along with her refreshing perspectives as a leader, we are confident that she will bring valuable insights and expertise to our Board as our business enters its next era of growth.”

Mitra’s induction into the Swiggy board further fortifies its composition, alongside distinguished personalities such as Anand Kripalu, MD & Global CEO at EPL Limited and Chairperson of the Swiggy board, Shailesh Haribhakti – Chairman of Shailesh Haribhakti & Associates, and Sahil Barua – Managing Director & CEO at Delhivery.

Notably, Kripalu, Haribhakti, Barua, Srinivasan (now stepped down), and Mitra were among the initial cadre of independent directors on Swiggy’s board, complementing stalwarts like co-founders Sriharsha Majety and Nandan Reddy, Ashutosh Sharma, Head of Investments in Prosus Ventures India, Sumer Juneja, Managing Partner for India and EMEA at SoftBank Investment Advisors, and Anand Daniel, Partner at Accel.

Commenting on her appointment, Suparna Mitra expressed her anticipation, stating, “Having seen Swiggy revolutionize on-demand convenience through innovation and customer-centricity, I’m excited by this opportunity. I look forward to collaborating with the Board members and management team of Swiggy; aimed at value-creation and values-based governance.”

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