Flipkart has shifted its holding company domicile from Singapore to India after receiving approval from the Government of India for an internal restructuring, as per PTI reports. Following the change, Flipkart Internet Private Limited has become the holding entity of the Flipkart group.
The company said this ompletes the redomiciliation of the group to India. The change aligns the legal structure of the company with the market where most of its operations, customers, and sellers are located.
The relocation removes a structural issue that companies incorporated overseas often face when planning to list on Indian stock exchanges. With the holding structure now based in India, the company can consider an Initial Public Offering (IPO).
According to reports, Flipkart has started preliminary discussions with several investment banks to examine a possible IPO. The banks involved in these early talks include Goldman Sachs, Morgan Stanley, JP Morgan, and Kotak Mahindra Capital.
Industry reports have previously indicated that a listing could be considered around late 2026 or early 2027, depending on business readiness and market conditions.
Flipkart was founded in Bengaluru in 2007 by Sachin Bansal and Binny Bansal. The platform began as an online bookstore and gradually expanded into a broader e-commerce marketplace offering electronics, fashion, and other consumer goods.
During its early years, the company had shifted its holding structure to Singapore. At the time, several Indian startups adopted overseas structures to access global venture capital and foreign investors.
Flipkart is currently controlled by US retail company Walmart, which acquired a 77% stake in the business in 2018 for about $16 billion. The transaction valued Flipkart at around $21 billion and remains one of the largest foreign direct investments in India’s retail sector.
The platform now serves more than 500 million customers and supports over 1.6 million sellers across the country. Its logistics arm, Ekart, delivers products to more than 22,000 pin codes nationwide.
Read More: Upcoming IPO: Sunil Gold India Files Draft Papers with SEBI for Public Issue!
The shift of Flipkart’s holding company back to India comes as several technology firms reconsider overseas structures while preparing for possible listings in domestic capital markets. The restructuring allows the company to move ahead with plans related to a potential IPO in India.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 10, 2026, 11:55 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
