E-commerce giant Flipkart has received approval from its board to shift its headquarters from Singapore back to India.
This marks a significant step as the Walmart-owned company prepares for a potential IPO in India by late 2025 or early 2026.
The official announcement came on Tuesday, where Flipkart confirmed its decision to relocate its holding company to India.
A Flipkart spokesperson said,
“This strategic decision reflects our deep and unwavering commitment to India and its remarkable growth. We are inspired by the Government of India’s strong vision and proactive initiatives in fostering a thriving business environment and ease of doing business, which have significantly shaped our journey.
This move represents a natural evolution—aligning our holding structure with our core operations, the vast potential of the Indian economy, and our innovation-driven capabilities to support digital transformation.” he added
The company believes this transition will help it operate more efficiently and stay focused on India’s rapidly growing digital and entrepreneurial ecosystem.
In addition, Flipkart Internet (India) has approved a plan to issue bonus shares worth ₹26,552 crore to Flipkart Singapore and other group entities, according to a regulatory filing.
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Founded in 2007 by Sachin and Binny Bansal, Flipkart quickly became a leading name in Indian e-commerce, attracting global investors like Tencent, Tiger Global, and Microsoft.
In May 2018, Walmart made a landmark move by acquiring a 77% stake in Flipkart for $16 billion — the largest deal in global e-commerce history. By December 2023, Walmart had increased its ownership to 81% and is now preparing to take Flipkart public.
Initially, Flipkart shifted its base to Singapore in 2011 to attract foreign investment and navigate regulatory hurdles. However, since May 2023, the company has been working to bring its operations back to India.
