Deepinder Goyal resigns as CEO of Zomato’s parent company Eternal
In a move that has captured the attention of the Indian business landscape, Deepinder Goyal has officially announced his decision to step down as the Group CEO of Eternal Limited. This transition marks a significant shift for the parent company of household names like Zomato and Blinkit. Deepinder Goyal is not leaving the family entirely but is moving into a new role as Vice Chairman, pending approval from shareholders. Taking over the reins as the new Group CEO is Albinder Dhindsa, the founder of Blinkit, who has been instrumental in the company’s recent success.
The leadership change is set to take effect on February 1, 2026. For those following the journey of Deepinder Goyal, this transition represents a personal and professional evolution. He shared his thoughts in a detailed letter to shareholders, explaining that his focus is shifting toward high risk exploration and experimental ideas. These new ventures, while exciting, do not necessarily align with the strategic path of a public company like Eternal Limited. Deepinder Goyal believes that his departure from the CEO role will allow the company to maintain its discipline while he explores these new horizons independently.
The decision for Deepinder Goyal to step down stems from a desire for creative freedom. He mentioned that of late, he has found himself drawn to a set of new ideas that involve significantly higher risk exploration and experimentation. He candidly stated that these are the kinds of ideas that are better pursued outside a public company like Eternal Limited. Deepinder Goyal highlighted that if these ideas were within the strategic scope of the company, he would have explored them internally. However, he feels that Eternal Limited deserves to stay focused on its core business and existing growth areas.
Despite stepping down from the day to day operations, Deepinder Goyal will remain deeply involved in long term strategy, culture, and governance. He noted that while he personally has the bandwidth to handle both the CEO duties and his new experiments, the legal and professional expectations of a public company CEO in India demand a singular focus. This transition ensures that Eternal Limited remains sharp and efficient under new leadership while Deepinder Goyal finds the space to pursue his external interests.
Albinder Dhindsa Appointed as the New Group CEO
As Deepinder Goyal steps aside, the spotlight turns to Albinder Dhindsa. Having successfully led Blinkit from its acquisition to reaching a breakeven point, Albinder Dhindsa has proven his mettle as a battle hardened founder. Deepinder Goyal spoke highly of his successor, stating that the centre of gravity for operating decisions moves to Albi. As Group CEO, he will own day to day execution, operating priorities, and business decisions. This move reflects the growing importance of Blinkit within the Eternal Limited ecosystem.
Albinder Dhindsa is widely respected for his ability to build teams, culture, and complex supply chains. Under his leadership, Blinkit has become a dominant force in the quick commerce sector. Deepinder Goyal expressed immense confidence in the abilities of Albinder Dhindsa, remarking that his ability to execute far exceeds his own. This leadership handover is seen as a way to empower a proven operator to lead the entire group into its next phase of growth.
A notable aspect of this transition involves the financial alignment of the leadership team. Deepinder Goyal announced that as part of this shift, all of his unvested ESOPs will revert to the company pool. This generous move is intended to provide wealth creation opportunities for the next generation of leaders at Eternal Limited without diluting existing shareholder value. Deepinder Goyal remains financially tied to the success of the company and continues to hold a significant stake, ensuring his interests remain aligned with long term growth.
The company also shared its impressive financial results alongside the leadership news. For the quarter ending December 31, 2025, Eternal Limited reported a 201% increase in revenue and a 73% jump in net profit. These figures underscore the health of the business that Albinder Dhindsa is inheriting. With the food delivery business showing steady growth and Blinkit achieving operational milestones, the future looks promising for Eternal Limited under its new leadership structure.
The leadership change is set to take effect on February 1, 2026. For those following the journey of Deepinder Goyal, this transition represents a personal and professional evolution. He shared his thoughts in a detailed letter to shareholders, explaining that his focus is shifting toward high risk exploration and experimental ideas. These new ventures, while exciting, do not necessarily align with the strategic path of a public company like Eternal Limited. Deepinder Goyal believes that his departure from the CEO role will allow the company to maintain its discipline while he explores these new horizons independently.
Why Deepinder Goyal Is Transitioning Roles
The decision for Deepinder Goyal to step down stems from a desire for creative freedom. He mentioned that of late, he has found himself drawn to a set of new ideas that involve significantly higher risk exploration and experimentation. He candidly stated that these are the kinds of ideas that are better pursued outside a public company like Eternal Limited. Deepinder Goyal highlighted that if these ideas were within the strategic scope of the company, he would have explored them internally. However, he feels that Eternal Limited deserves to stay focused on its core business and existing growth areas.
Despite stepping down from the day to day operations, Deepinder Goyal will remain deeply involved in long term strategy, culture, and governance. He noted that while he personally has the bandwidth to handle both the CEO duties and his new experiments, the legal and professional expectations of a public company CEO in India demand a singular focus. This transition ensures that Eternal Limited remains sharp and efficient under new leadership while Deepinder Goyal finds the space to pursue his external interests.
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Albinder Dhindsa Appointed as the New Group CEO
As Deepinder Goyal steps aside, the spotlight turns to Albinder Dhindsa. Having successfully led Blinkit from its acquisition to reaching a breakeven point, Albinder Dhindsa has proven his mettle as a battle hardened founder. Deepinder Goyal spoke highly of his successor, stating that the centre of gravity for operating decisions moves to Albi. As Group CEO, he will own day to day execution, operating priorities, and business decisions. This move reflects the growing importance of Blinkit within the Eternal Limited ecosystem. Albinder Dhindsa is widely respected for his ability to build teams, culture, and complex supply chains. Under his leadership, Blinkit has become a dominant force in the quick commerce sector. Deepinder Goyal expressed immense confidence in the abilities of Albinder Dhindsa, remarking that his ability to execute far exceeds his own. This leadership handover is seen as a way to empower a proven operator to lead the entire group into its next phase of growth.
Financial Alignment and the Future of Eternal Limited
A notable aspect of this transition involves the financial alignment of the leadership team. Deepinder Goyal announced that as part of this shift, all of his unvested ESOPs will revert to the company pool. This generous move is intended to provide wealth creation opportunities for the next generation of leaders at Eternal Limited without diluting existing shareholder value. Deepinder Goyal remains financially tied to the success of the company and continues to hold a significant stake, ensuring his interests remain aligned with long term growth.
The company also shared its impressive financial results alongside the leadership news. For the quarter ending December 31, 2025, Eternal Limited reported a 201% increase in revenue and a 73% jump in net profit. These figures underscore the health of the business that Albinder Dhindsa is inheriting. With the food delivery business showing steady growth and Blinkit achieving operational milestones, the future looks promising for Eternal Limited under its new leadership structure.
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