MAM
Deepinder Goyal steps aside as Eternal CEO, Albinder Dhindsa takes charge
MUMBAI: The founder is not leaving the table, just changing seats. Deepinder Goyal has announced he will step down as Group CEO of Eternal from February 1, handing over the reins to Albinder Dhindsa, widely known as Albi, who will take over as the company’s new Group CEO.
In a letter to shareholders filed with regulators, Goyal said he will remain on Eternal’s board as Vice Chairman, subject to shareholder approval. The move, he explained, is driven by a desire to explore high-risk, experimental ideas that sit outside the strategic and risk framework of a listed company.
“Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation,” Goyal wrote, adding that Eternal “deserves to remain focused and disciplined” on growth areas aligned to its core businesses.
The leadership change comes alongside strong financial performance. Eternal reported a consolidated net profit of Rs 102 crore for Q3 FY26, a 73 per cent year-on-year jump from Rs 59 crore in the same quarter last year. Revenue from operations rose to Rs 16,315 crore, underlining the scale the business has reached.
Goyal, who co-founded Zomato in 2008, has been synonymous with the company’s journey from a restaurant discovery website to a diversified consumer internet group spanning food delivery, quick commerce and B2B supplies, later reorganised under the Eternal umbrella.
While stepping back from day-to-day control, Goyal stressed that his long-term involvement continues. He said he will stay closely engaged with strategy, culture, leadership development, and governance, areas where he has increasingly focused in recent years.
Operational control will now firmly rest with Dhindsa. As Group CEO, he will oversee execution, operating priorities and business decisions. Goyal pointed to Dhindsa’s track record at Blinkit, where he led the journey from acquisition to breakeven, building teams, supply chains and operating rhythm.
“The centre of gravity for operating decisions moves to Albi,” Goyal wrote, describing him as a “battle-hardened founder” with execution skills that make him well placed to lead Eternal’s next phase.
In short, the company’s founding voice remains in the room but the daily driving shifts to a leader groomed in the heat of execution, as Eternal looks to balance focus with ambition.
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
