Flipkart Appoints Senior Compliance Officer Ahead of Listing Plans

Walmart-owned Flipkart has appointed Jane Duke as the Chief Ethics & Compliance Officer (CECO) for the group, a move aimed at strengthening governance and compliance as the company prepares for its initial public offering (IPO). The appointment reflects Flipkart’s focus on building robust institutional frameworks ahead of a potential listing in India.

Jane Duke will report to Walmart International’s Chief Ethics & Compliance Officer, Chris Cyrenne, and will work closely with Flipkart Group CEO Kalyan Krishnamurthy.

Strengthening Governance Structures

The appointment comes at a time when Flipkart is scaling its operations and aligning its governance practices with public market expectations. As companies move closer to an IPO, regulators and investors place greater emphasis on transparency, ethical conduct and strong internal controls.

By bringing in a senior compliance leader, Flipkart is reinforcing its commitment to ethical business practices and long-term value creation for stakeholders. The role of the CECO is expected to be central to overseeing compliance policies, risk management and governance standards across the group.

Experience in Compliance and Enforcement

Jane Duke brings nearly three decades of experience in public-sector enforcement and corporate compliance. Most recently, she worked at Tyson Foods, where she served as Vice President and Associate General Counsel, following a term as Chief Compliance Officer.

Earlier in her career, she spent over 10 years at the US Attorney’s Office for the Eastern District of Arkansas, including a four-year term as US Attorney starting in 2007. This background adds deep regulatory and legal expertise to Flipkart’s leadership team as it prepares for greater scrutiny.

Progress Towards Indian Domicile

Flipkart’s governance push comes alongside key structural changes. In December 2025, the National Company Law Tribunal (NCLT) approved the merger of eight Flipkart entities, moving the company closer to establishing an Indian domicile.

The tribunal sanctioned the amalgamation of eight Singapore-incorporated entities into Flipkart Internet Private Limited, the Bengaluru-based operating company. These entities include Flipkart Health Pvt Ltd, Flipkart Marketplace Pvt Ltd and Flipkart Private Ltd, among others.

The merger still requires approval from a Singapore court, after which the matter will move to the Registrar of Companies. The process is also subject to clearance under Press Note 3, which governs investments from countries sharing land borders with India.

Preparing for the IPO

Legal experts view this restructuring as a classic reverse flip, aligning Flipkart’s legal base with its operational presence in India. This alignment is seen as an important step in making the company more attractive to Indian public market investors and regulators such as SEBI.

Read more: PFC Launches Third Public NCD Issue to Raise Up to ₹5000 Crore.

Conclusion

Flipkart’s appointment of a seasoned compliance leader, along with its ongoing corporate restructuring, signals a clear focus on governance and regulatory readiness. As the company moves closer to its India IPO, these steps are likely to play a key role in building investor confidence and supporting long-term growth.

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