Eternal Limited, formerly Zomato, on Wednesday announced a key leadership transition, with founder Deepinder Goyal stepping down from his role as Group Chief Executive Officer. Goyal will continue on the company’s board as Vice Chairman.
The company said Albinder Dhindsa will take over as the new Group CEO of Eternal. The development was disclosed through a letter addressed to shareholders and filed with the stock exchanges.
Leadership transition formalised
Dhindsa joined Eternal in 2022 following the acquisition of Blinkit in a $568 million transaction. Since then, he has been closely associated with the group’s quick commerce expansion, which has emerged as one of Eternal’s fastest-growing business verticals.
Under the new structure, Dhindsa will oversee day-to-day execution and operational decision making across the group, while Eternal’s decentralised operating model where each business is run by its own CEO will remain unchanged.
Goyal to focus on long-term strategy and governance
In his letter to shareholders, Goyal said the move would allow Eternal to remain sharply focused as a listed company, while giving him the flexibility to explore ideas that fall outside the firm’s current risk profile.
He added that if such ideas were aligned with Eternal’s strategy, they would have been pursued within the company itself.
Goyal clarified that his involvement with Eternal is far from ending. He will continue to play an active role in shaping the group’s long-term strategy, organisational culture, leadership development, and governance, and will work closely with Dhindsa and the senior leadership team.
ESOPs returned to company pool
As part of the transition, Goyal said all his unvested employee stock options will revert to Eternal’s ESOP pool. The company said this move is intended to support long-term wealth creation for future leaders without causing additional dilution for existing shareholders.
Continuity amid scale-up
The leadership change comes at a time when Eternal is scaling rapidly across food delivery, quick commerce, and B2B supply segments. The company has reiterated that the transition is designed to ensure operational continuity while strengthening leadership depth as it navigates its next phase as a public company.
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