The Indian corporate landscape witnessed a major shift as Deepinder Goyal, the visionary founder of Zomato, announced his resignation from the position of CEO of Eternal, the parent organization. This transition is set to take place on February 1, 2026. Goyal will be stepping down from his roles as Director, Managing Director, and CEO. However, this isn't a complete exit from the company he built from the ground up. The board has recommended his appointment as the Vice Chairman. And Director for a period of five years, pending shareholder approval.
Albinder Dhindsa Named Successor
Taking the helm of the multi-billion dollar conglomerate will be Albinder Singh Dhindsa, the current CEO of Blinkit. Dhindsa has been instrumental in the rapid growth of the quick-commerce segment under the Eternal umbrella. His appointment as the new CEO and Key Managerial Personnel of. Eternal marks a strategic move to integrate leadership across its various verticals. The board expressed immense confidence in Dhindsa's ability to lead the group through its next phase of expansion and operational excellence.
The Reason Behind the Move
Deepinder Goyal took to social media to explain the rationale behind his decision. He mentioned that he has recently been drawn toward new ideas that involve high-risk exploration and experimentation, while goyal believes that these ventures are better suited for a private environment rather than a publicly listed entity like Eternal. He emphasized that Eternal needs to remain focused and disciplined in its current growth areas, while he pursues these unconventional projects independently. If these ideas eventually align with Eternal's strategic goals, they might be integrated later, but for now, they remain outside the company's scope.
Eternal's Diverse Business Ecosystem
It's important to note that Zomato rebranded itself as Eternal last year to better reflect its diverse portfolio. Today, Eternal serves as the parent company for several major brands including Zomato (food. Delivery), Blinkit (quick commerce), District (going-out business), Hyperpure (B2B supplies), and Feeding India (non-profit). This structure has allowed the company to dominate various segments of the consumer internet space in India. The leadership change is seen as a way to further streamline these operations under a unified vision.
Market Reaction and Financial Performance
The announcement coincided with the release of Eternal's third-quarter financial results for the current fiscal year. The market responded positively to the news of the leadership transition and the financial data. Shares of Eternal surged by nearly 5% on the BSE, closing at 283. 40 INR. During intraday trading, the stock reached a high of 287. 15 INR, while while the stock is currently trading below its 52-week high of 368. 40 INR, the company maintains a strong market capitalization of over 2. 73 lakh crore INR, signaling strong investor confidence in the long-term prospects of the group.