Archive · 25 Jul 2025
Swiggy Reconstitutes Board Post IPO; New Director Joins
Swiggy, a food delivery company, has made some changes to its board of directors after going public.
This means the company is now owned by many shareholders, not just a few.
A new director, Faraz Khalid, has joined the board to help make important decisions.
Two people who used to be on the board, Sumer Juneja and Anand Daniel, have left.
Swiggy's stock went up in value when it first went public last year.
As of late July, the stock price was lower than its debut price.
Swiggy reconstituted its board after its IPO.
Faraz Khalid joined the board as an independent director.
Sumer Juneja and Anand Daniel resigned from the board.
The company made its public debut on November 13 last year.
Swiggy shares traded at INR 407.80 on the BSE on July 25.
- Who
- Faraz Khalid joined the board, and Sumer Juneja and Anand Daniel resigned.
- What
- Swiggy reconstituted its board of directors after its IPO.
- When
- Following its IPO on November 13 last year, the changes took place.
- Where
- The changes are within the company Swiggy, traded on BSE.
- Why
- To enhance board independence and corporate governance.
Swiggy Financials
Swiggy Growth
Financial Performance
Swiggy Financials
Robust revenue growth of 45% YoY.
Swiggy Growth
Consolidated net loss widened by 95% year-on-year to INR 1,081.2 Cr.
- IPO Date
- November 13 last year
- IPO Listing Price
- INR 412
- New Board Member
- Faraz Khalid
- Resigned Board Members
- Sumer Juneja, Anand Daniel
- Share Price (July 25)
- INR 407.80