TAFE’s Mallika Srinivasan resigns as Swiggy’s independent director
- ByStartupStory | February 8, 2024
Mallika Srinivasan has resigned as an independent director at Swiggy, approximately a year after assuming the position, the company confirmed in a statement on Thursday. Swiggy did not announce a replacement for Srinivasan. Srinivasan serves as the chairperson and managing director of Tractor And Farm Equipment Ltd (TAFE).
Explaining the reason behind Srinivasan’s departure, Swiggy stated that it was due to “increasing business commitments.” This change comes as Swiggy prepares for its public market debut, with draft public offering papers expected to be filed in the coming months.
The company had appointed Srinivasan, along with Delhivery co-founder and CEO Sahil Barua, and Shailesh Haribhakti, chairman of the financial services firm Shailesh Haribhakti & Associates, in February last year. They were the first set of independent directors to join the Swiggy board.
Swiggy’s board previously consisted of Sriharsha Majety, CEO and co-founder; Nandan Reddy, co-founder; Larry Illg, CEO of largest investor Prosus’ Edtech and Food divisions; Ashutosh Sharma, head of investment, India, Prosus Ventures; Sumer Juneja, managing director, India and EMEA, SoftBank Investment Advisors; and Anand Daniel, partner at Accel.
On December 6, the company appointed Anand Kripalu, managing director and global CEO of specialty packaging company Essel Propack, as an independent director and the chairperson of its board of directors.
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