Swiggy has announced a major restructuring of its board as part of its transition towards a more independent governance structure post-IPO. The move includes the appointment of Faraz Khalid, CEO of Middle East-based e-commerce giant noon, as an independent director, pending shareholder approval.
Khalid, known for co-founding the fashion platform Namshi and his leadership at Noon, brings deep expertise in digital commerce, operations, and food delivery-areas central to Swiggy’s ongoing growth. His addition is expected to further strengthen the board’s strategic oversight and operational experience.
The restructuring also marks the resignation of two long-standing investor representatives: Sumer Juneja (Softbank) and Anand Daniel (Accel), who served as non-executive, non-independent directors. Both have been instrumental during Swiggy’s scale-up phase.
Sriharsha Majety, founder and Group CEO of Swiggy, said, “Faraz is a visionary in digital commerce. His experience scaling platforms and building customer-first innovations adds immense value. Our board now reflects diverse leadership across startups and enterprises-essential for our next phase.”
Anand Kripalu, independent director and Chairperson of Swiggy’s Board, welcomed the appointment and noted, “We’re pleased to bring Faraz on board. At the same time, we thank Sumer and Anand for their support and belief in Swiggy’s journey. This transition reaffirms our commitment to strong governance, transparency, and long-term value creation.”
The revised board structure reflects Swiggy’s maturing corporate identity and aligns with best practices for publicly listed companies, focused on sustainable growth and shareholder trust.
