Meesho HR chief Ashish Kumar Singh steps down amid profit push

MUMBAI: Every growth story has its plot twists, and Meesho has just added another chapter. E-commerce platform Meesho is searching for a new people leader after its Chief Human Resources Officer Ashish Kumar Singh resigned, even as the SoftBank-backed company continues to narrow losses and strengthen its path towards profitability.

In a regulatory filing, Meesho said Singh tendered his resignation on 25 June 2026. The company did not disclose the reason for his exit or announce a successor.

The leadership change comes against the backdrop of improving financial performance. For FY26, Meesho reported a consolidated net loss of Rs 1,357.7 crore, a 66 per cent improvement from Rs 3,941.7 crore in FY25.

The company’s quarterly performance also showed significant progress. Consolidated net loss for the quarter ended 31 March 2026 narrowed 88 per cent year-on-year to Rs 166.3 crore, compared with Rs 1,391.4 crore in the corresponding quarter last year.

Revenue from operations during the March quarter climbed 47 per cent year-on-year to Rs 3,531.2 crore, up from Rs 2,400 crore a year earlier. On a sequential basis, revenue remained broadly steady against Rs 3,517.6 crore recorded in the December quarter.

A major driver of that growth has been Meesho’s expanding advertising business. The company said seller advertising budgets more than doubled during FY26 as more merchants adopted its advertising tools to improve product visibility.

Meesho founder and chief executive officer Vidit Aatrey said spending on advertisements by sellers grew more than two-fold year-on-year, reflecting increasing adoption among first-time advertisers on the platform.

Meesho also reported strong growth in seller participation. During the March quarter, 961,000 sellers sold at least one product on the platform, representing an 87 per cent increase compared with the previous year.

According to the company, more than two-thirds of sellers by gross merchandise value (GMV) are now actively using Meesho’s advertising platform. The number of products promoted through advertisements also increased by around 40 per cent year-on-year, indicating deeper engagement with its monetisation tools.

While the resignation marks a key leadership transition, Meesho remains focused on expanding its marketplace, strengthening advertising-led revenues and continuing its drive towards sustainable profitability.