Kalyan Krishnamurthy possesses an MBA degree from the Asian Institute of Management.
An amount of approximately 700 million dollars (equivalent to Rs 5780 crore) will be given as a cash payout to Flipkart employees. The company, which is owned by Walmart, will distribute this money to its numerous workers as a buyback of employee stock options. Walmart acquired the firm in 2018. The CEO of the company is Kalyan Krishnamurthy. As per reports, the distribution of funds will take place by the end of this month. Current and former employees who qualify will receive Rs 3615 for each ESOP unit held on Flipkart.
The payout is contingent upon the necessary tax clearances. This initiative by the company will be advantageous for around 25000 former and current employees. Who is Kalyan Krishnamurthy?
Kalyan Krishnamurthy assumed the position of CEO at Flipkart in 2017. It is said that he played a pivotal role in facilitating the deal between Flipkart and Walmart.
Kalyan Krishnamurthy holds an MBA degree from the Asian Institute of Management in the Philippines. He also pursued an MBA in Finance from UIUC College of Business in Illinois, United States.
Krishnamurthy initiated his career as the head of Procter and Gamble’s finance supply chain vertical. Subsequently, he led eBay’s Asia finance operations division.
He served as the finance director of the investment firm, Tiger Global.
Between May 2013 and November 2014, Kalyan Krishnamurthy held the position of Interim Chief Financial Officer at Flipkart Online Services. Later, he took on the role of sales head.
Following his significant contribution to the 16-billion-dollar Flipkart-Walmart deal, Business Today reported that he was offered a retention bonus of a staggering 2 million dollars.
Krishnamurthy purchased a villa in East Bengaluru last year. The reported price of the transaction was Rs 8 crore. The villa had a total area of 4921 square feet.