E-commerce giant Meesho has bolstered its board of independent directors with the appointment of four distinguished business leaders, signalling a strategic evolution for the company. The new board members include Hari S Bhartia, founder of Jubilant Bhartia Group, along with Kalpana Morparia, former Chairman of JP Morgan; Rohit Bhagat, non-executive Chairman of PhonePe; and Surojit Chatterjee, ex-Flipkart executive.
Hari S Bhartia, also the co-chairman of Jubilant Ingrevia Ltd and Jubilant FoodWorks Ltd, brings a wealth of experience from his leadership roles at companies like Domino’s Pizza and Dunkin’ Donuts in India. Kalpana Morparia, with her extensive background at ICICI Bank and JP Morgan, adds significant financial acumen to the board. Rohit Bhagat’s expertise from PhonePe and Surojit Chatterjee’s experience with Flipkart are expected to provide valuable insights as Meesho navigates its next growth phase.
This strategic move coincides with Meesho’s plans to shift its domicile from the US to India, reflecting a broader alignment with its core market. Additionally, the company has recently announced its largest-ever employee stock ownership plan (ESOP) buyback program of Rs 200 crore (approximately $25 million), underscoring its commitment to rewarding and retaining top talent.
