The development comes alongside a series of board-level changes disclosed by the company to exchanges on Friday, April 10. Swiggy said its board has approved the appointment of co-founder Phani Kishan and Group CFO Rahul Bothra as executive directors, effective June 1, 2026, subject to shareholder approval.
“Phani and Rahul have been with Swiggy since the early days and have been instrumental in steering the company through its most defining chapters. Their understanding of our business and unwavering focus on both innovation and execution have been foundational to our journey,” said Group CEO Sriharsha Majety. He added that their perspective will be valuable as the company enters its next phase of growth.
Reddy’s exit marks the end of a significant chapter for Swiggy, where he played a central role in building the platform from its early days in Bengaluru into a nationwide on-demand services company.
In his resignation letter, Reddy said he would explore new avenues and commit time to areas he has long been interested in. Majety described him as a “visionary force”, adding that his contributions to culture, innovation and consumer experience remain deeply embedded in the company.
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Swiggy also inducted Renan De Castro Alves Pinto from Prosus Ventures as a nominee director, replacing Roger Rabalais.
Shares of Swiggy Ltd ended at ₹276.00 on the NSE on April 10, 2026, up ₹4.10 or 1.51% for the day.
(Edited by : Sheersh Kapoor)
