Founder moves to Vice Chairman role to pursue high-risk ventures outside the public company framework
In a landmark leadership transition, Deepinder Goyal, founder of Eternal Ltd (formerly Zomato Ltd), has resigned from his executive positions as Director, Managing Director, and Chief Executive Officer, marking the end of an era at the helm of the food-tech major. The move will take effect upon shareholder approval, with the board confirming his exit from executive responsibilities at the close of business on February 1, 2026.
Despite stepping down from day-to-day operations, Goyal will continue to play a strategic role as Vice Chairman of Eternal Ltd, ensuring leadership continuity while allowing him the flexibility to explore ambitious, high-risk ideas beyond the company’s current business scope.
A Strategic Shift Driven by Focus and Governance
In a letter addressed to shareholders, Goyal explained that his decision stems from a growing inclination toward experimental ventures that demand a level of risk and exploration unsuitable for a publicly listed company. He underscored the importance of Eternal remaining sharply focused on disciplined execution and growth areas aligned with its core businesses.
Goyal also acknowledged the increasing governance, legal, and stakeholder expectations placed on public company CEOs in India, noting that the role requires complete and undivided attention. While he believes he could manage both responsibilities personally, he emphasized that the position itself warrants singular focus for the company’s long-term stability and performance.
Albinder Singh Dhindsa Appointed Group CEO
As part of the board-level reshuffle, the company has appointed Albinder Singh Dhindsa, currently the CEO of Blinkit, as Group CEO and Key Managerial Personnel of Eternal Ltd, effective February 1, 2026. Dhindsa’s appointment reflects the board’s confidence in internal leadership and its intent to strengthen operational synergy across Eternal’s platforms.
Under Dhindsa’s leadership, the group is expected to continue sharpening its focus on scale, efficiency, and integration across food delivery, quick commerce, and emerging verticals.
What This Means for Eternal Ltd
The leadership transition signals a calibrated evolution rather than a disruption. By separating high-risk innovation from public-market accountability, Eternal aims to protect shareholder interests while enabling its founder to pursue bold ideas independently.
For Eternal Ltd, the move reinforces a commitment to governance, stability, and long-term growth—while opening the door to a new leadership phase shaped by executional rigor and strategic continuity.
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