Swiggy, India’s leading food and grocery delivery giant, has restructured its board as part of its post-IPO governance refresh. At a board meeting held on July 25, 2025, investor-nominees Sumer Juneja (SoftBank) and Anand Daniel (Accel) resigned from their positions as non-executive directors.
Both cited professional commitments, and no other material reasons were disclosed in regulatory filings.
Their exit signals a strategic shift in Swiggy’s approach to governance, moving away from investor-heavy representation toward a more independent and globally experienced board.
Faraz Khalid Joins as Independent Director
In a key appointment, Faraz Khalid, CEO of Middle Eastern e-commerce major Noon, has joined Swiggy’s board as an independent director, pending shareholder approval. Khalid brings deep experience in scaling consumer internet businesses, having previously co-founded fashion platform Namshi and led Noon’s expansion into food delivery and fintech.
He joins for a five-year term, adding international market depth to Swiggy’s boardroom at a time when the company is aiming for profitability and growth beyond metros.
Strengthening Governance Post IPO
Swiggy Chairperson Anand Kripalu emphasized the company’s commitment to strong governance. CEO Sriharsha Majety added that Khalid’s operational experience will be key as Swiggy navigates its next phase.
The board now includes four independent directors, reflecting SEBI’s listing norms and investor expectations for public companies.
Additionally, Shailesh Haribhakti has been reappointed for a second term starting January 2026, and Cauveri Sriram, formerly of the Tata Group, has been appointed as Swiggy’s new company secretary and compliance officer.
Swiggy’s market cap currently stands at ₹1.01 lakh crore (~$11.9B), with shares trading at ₹408.3.
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