New Delhi: The Government of India has approved an internal restructuring proposed by Flipkart, paving the way for Flipkart Internet Private Limited to become the main holding entity for the group’s operations.
Confirming the development, a company spokesperson reportedly said the approval marks the completion of Flipkart’s effort to shift its corporate structure back to India. The spokesperson noted that the restructuring formally establishes Flipkart Internet Private Limited as the parent entity of the group.
The company described the move as a major step that underlines its long-term commitment to the Indian market. It also thanked the central government for supporting the transition and said the development positions the company for its next phase of growth as an India-domiciled organisation.
The change in corporate structure aligns the company’s legal base with the country where the bulk of its operations and business activities take place. It also removes a structural challenge often faced by firms incorporated overseas when they explore the possibility of listing on Indian stock exchanges.
Founded in Bengaluru in 2007 by Sachin Bansal and Binny Bansal, Flipkart had earlier set up its holding structure in Singapore. This approach was widely adopted by Indian startups seeking easier access to global venture capital funding. The company is now owned by Walmart.
Over the years, Flipkart has emerged as one of India’s largest digital commerce platforms, serving over 500 million customers and enabling more than 1.6 million sellers across the country. Its logistics arm, Ekart, currently delivers orders to more than 22,000 pin codes.
Industry observers say Flipkart’s shift reflects a wider trend of Indian technology firms moving their corporate headquarters back to India as domestic capital markets mature and more startups consider local listings.
