Mumbai, India – December 4, 2025: Reliance Retail Ventures Ltd (RRVL), India’s largest retail company and a subsidiary of Reliance Industries Ltd (RIL), has appointed Jeyandran Venugopal, former Chief Product and Technology Officer at Flipkart, as its President and Chief Executive Officer (CEO).
The strategic leadership hire comes as Reliance Retail strengthens its senior management team and gears up for a much-anticipated public market debut, expected between 2027 and 2028.
Venugopal will work closely with Isha Ambani, who leads the retail arm’s strategy and operations, under the overall guidance of Mukesh Ambani, Chairman of Reliance Industries, and Manoj Modi, a key executive architect of Reliance’s retail and telecom businesses.
A Veteran of India’s E-commerce Ecosystem
With more than 25 years of experience across retail, e-commerce, and technology, Jeyandran Venugopal is recognized as one of India’s foremost leaders in digital transformation and product innovation.
Before joining Reliance Retail, Venugopal served as Chief Product & Technology Officer (CPTO) at Flipkart, where he led multiple functions including product, engineering, design, data science, IT, security, and infrastructure. His leadership played a pivotal role in shaping Flipkart’s commerce cloud, customer retention, and marketing strategies, helping the platform scale rapidly amid India’s booming online retail landscape.
Venugopal also previously held senior leadership roles at Myntra and Jabong, where he drove product expansion, profitability improvements, and operational efficiency. Earlier in his career, he worked at Yahoo and Amazon Web Services (AWS), where he contributed to the growth of global tech and commerce ecosystems, further deepening his experience in large-scale, consumer-facing digital platforms.
He holds dual master’s degrees in Mechanical Engineering and Computer Science from the University of Illinois at Urbana–Champaign.
Strategic Focus: Omni-Channel Growth and Digital Transformation
At Reliance Retail Ventures, Venugopal’s mandate will center on accelerating omni-channel growth, expanding the company’s retail portfolio, and integrating technology-driven efficiencies across operations.
The move reflects RRVL’s continued emphasis on blending physical and digital retail experiences — a strategy that has already made it India’s most comprehensive retail ecosystem, spanning categories like grocery, electronics, fashion, lifestyle, and pharmaceuticals.
Industry experts suggest that Venugopal’s deep expertise in e-commerce and digital product management will be instrumental in scaling Reliance Retail’s JioMart, Ajio, and Trends platforms, while enhancing customer experience and data-led personalization across its vast store network.
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Talent Strengthening Ahead of IPO Plans
Venugopal’s appointment is part of a broader leadership expansion drive at Reliance Retail Ventures, signaling the company’s preparation for its upcoming listing, which analysts estimate could value the retail arm at around USD 100 billion.
Recently, Guillaume de Colonges, a former Carrefour executive, was brought in to head the company’s grocery vertical. These hires, industry observers note, reflect RRVL’s strategy to bring in global and digital leadership talent capable of driving innovation, profitability, and scalability at enterprise level.
Reliance Retail’s Expanding Footprint
As of FY25, Reliance Retail Ventures Ltd operates 19,821 stores across India, serving over 369 million customers annually through an extensive omni-channel network. The company reported ₹3.3 trillion in consolidated revenue and an EBITDA of ₹25,053 crore in the last financial year, underscoring its dominant position in the retail market.
RRVL continues to expand across categories — from consumer electronics and grocery to luxury fashion and beauty — while integrating its ecosystem of brands and subsidiaries for greater operational efficiency and market reach.
Corporate Restructuring to Strengthen Portfolio
Venugopal’s appointment coincides with internal restructuring within the Reliance Retail ecosystem. A composite scheme of arrangement involving Reliance Retail Ventures Ltd, Reliance Retail Ltd, Reliance Consumer Products Ltd (RCPL), and Tira Beauty came into effect on December 1, 2025.
Under the new structure, the earlier Reliance Consumer Products (RCPL) entity has been dissolved, and its consumer brands portfolio has been transferred to a newly constituted Reliance Consumer Products Ltd, which now operates as an 83.56% subsidiary of Reliance Industries Ltd.
The restructuring aims to streamline operations across retail, FMCG, and beauty segments, ensuring a more integrated approach to product development, marketing, and customer engagement.
A New Chapter for Reliance Retail
The appointment of Jeyandran Venugopal marks a strategic inflection point for Reliance Retail Ventures Ltd, as it aligns leadership, talent, and technology for its next phase of growth. With Venugopal at the helm, supported by Isha Ambani’s leadership, RRVL is expected to intensify its focus on digital innovation, scale efficiency, and customer experience transformation, setting the stage for a landmark IPO in the coming years.
