19 hours ago
ONDC Independent Director Arvind Gupta Steps Down After Three-Year Term
Gupta's exit follows the recent departures of ONDC's Managing Director and CEO Thampy Koshy, Non-Executive Chairperson R S Sharma, and Chief Business Officer Shireesh Joshi.
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Arvind Gupta, an independent director and founding member of the Open Network for Digital Commerce (ONDC), has stepped down from his role, marking another high-profile exit from the government-backed e-commerce initiative.
Gupta's exit follows the recent departures of ONDC's Managing Director and CEO Thampy Koshy, Non-Executive Chairperson R S Sharma, and Chief Business Officer Shireesh Joshi.
ONDC is overseen by a board of directors and an advisory council that includes government nominees, shareholders, founding members, and independent directors.
"I was a founding member of ONDC and the first independent director. I completed my three-year term as an independent director and decided not to continue further," Gupta, who is also the head and co-founder of the Digital India Foundation, said in a statement.
With Gupta's departure, the ONDC board now has three independent directors remaining: Adil Zainulbhai, Chairperson of the Capacity Building Commission; Anjali Bansal, Founder and Chairperson of Avaana Capital; and Ritesh Tiwari, CFO of Hindustan Unilever Ltd.
Meanwhile, ONDC's retail order volume slipped from 4.34 million in April to 4.07 million in May, a 6.2% dip. Logistics orders also fell from 2.41 million to 2.32 million during the same period.
