Swiggy has announced a reconstitution of its board, marked by the resignation of co-founder Lakshmi Nandan Reddy Obul, popularly known as Nandan Reddy, who has stepped down as Whole-Time Director and Head of Innovation, effective April 10, 2026.
Reddy’s exit brings to a close a 12-year stint during which he helped build Swiggy from a Bengaluru-based food delivery startup into a listed, multi-category platform with nearly 25 million monthly users. In his resignation letter dated April 9, Reddy said he plans to pursue independent ventures and explore new areas of interest.
Group CEO Sriharsha Majety acknowledged Reddy’s contribution, stating that his role in shaping the company’s culture and product innovation has been integral to its growth.
The company also confirmed the exit of Roger Clark Rabalais as Nominee Director, following his departure from MIH India Food Holdings B.V.. The board has appointed Renan De Castro Alves Pinto as an Additional Director representing MIH, effective April 11, 2026. Pinto is currently Group CFO at Despegar.
Separately, co-founder and Chief Growth Officer Phani Kishan Addepalli and Group CFO Rahul Bothra have been appointed as Additional Directors in executive, non-independent roles. Their appointments will take effect from June 1, 2026, for a term of five years, subject to shareholder approval.
Phani Kishan led the development and expansion of Instamart, Swiggy’s quick-commerce business. Bothra, the company’s first CFO, oversaw its IPO in November 2024 and subsequent Rs 10,000 crore Qualified Institutional Placement, and has led over $4.5 billion in capital raising.
Board chairperson Anand Kripalu said the changes reflect the company’s focus on strengthening governance and leadership as it enters its next phase of growth.
