Bangalore: A person familiar with the matter told Bengaluru: The replacement until the former T. Koshy was finally determined to be responsible for the company until the replacement, and eight interim members have been appointed to the Executive Committee, a person familiar with the matter told Bengaluru. Mint.
The top names include Vibhor Jain (currently Chief Operating Officer of ONDC and former Director of Healthcare at Atlanta), Nitin Mishra (CTO), Supriyo Ghosh (Senior Vice President of Technology) and Nitin Nair (Senior Vice President of Mobility).
Hrushikesh Mehta and Marichi Mathur (Senior Vice President of Network Expansion), Krishan Agarwal (SVP, Finance) and Deepti Pandey (HR, HR) also joined the team.
“The committee will take care of ONDC’s operations until a new CEO is appointed. The board is considering several options [for CEO replacements]but nothing urgent.
ONDC did not respond Mint Query until publication time.
Mint T Koshy, managing director and CEO of ONDC, resigned three years later, reported Thursday. Former AEN partners will continue to board the ship until June 30.
Koshy’s export comes a month after ONDC’s chief commercial officer Shireesh Joshi resigned for personal reasons. UIDAI’s former missionary bureau RS Sharma resigned as ONDC’s non-executive chairman in December and stepped down from office after four months of service. Economic times.
At the critical moment of ONDC, changes in management emerged. While the company continues to focus on eight major areas including food and beverages, groceries and financial services, ONDC is cautious about not being too sparse in classification.
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India’s digital business backbone
ONDC began in December 2022 as a public infrastructure program for the Ministry of Industry and Intra-trade, with the aim of creating an all-inclusive e-commerce platform designed to connect the entire country for extensive economic participation.
To this end, it focuses on breaking the e-commerce monopoly by standardizing the market, promoting local suppliers and simplifying logistics.
It aims to position itself as a “UPI of e-commerce”, emphasizing its role as a network rather than a platform. According to its LinkedIn Post, ONDC recorded more than 16 million orders in March alone.
Over the years, ONDC has expanded its territory. MINT reported in October that with the popularity of fast commerce in the country, it will release a new plan within 30 minutes to two hours to provide groceries and other items in 30 minutes to two hours. In August, ONDC announced its entry into small insurance and investment products such as mutual funds.
But the journey is not without obstacles. It strives to expand some non-food categories such as fashion, personal care and grocery stores, highlighting the complexity of democratizing e-commerce in countries with less than 10% of the population online stores.
Some network participants have also reportedly readjusted their ONDC strategies by exiting the bad zone. Dayments App Phonepe also took out non-food categories in addition to ticket reservations that were not retained at the beginning of last year.
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However, Koshy said in May 2024 that the network enables brands to choose their growth strategies based on their strengths.
“The network was formed to empower democratize, not socialism,” Kochi said. “The enterprise can choose categories based on its bandwidth and expertise. Just because something might not work for a player doesn’t mean it means it’s for failure.”
