Reliance Retail Names Jeyandran Venugopal CEO as It Prepares for IPO

Reliance Retail Ventures Ltd (RRVL) has appointed Jeyandran Venugopal as its new President and CEO as part of an internal restructuring that places the retail giant directly under Reliance Industries Ltd (RIL). The appointment comes as the company prepares for a planned stock market debut in the coming years.

Venugopal, formerly Chief Product and Technology Officer at Flipkart, will work closely with RRVL Executive Director Isha Ambani, RIL Chairman Mukesh Ambani, and Reliance Retail Director Manoj Modi. With more than 25 years of experience across retail, e-commerce, technology and large-scale transformation, he has previously held key roles at Myntra, Yahoo and Amazon Web Services.

At Reliance Retail, he is expected to drive omnichannel expansion, strengthen the product ecosystem and lead transformation across the value chain, according to a Livemint report.

The leadership transition follows the recent transfer of Reliance Retail’s fast-moving consumer goods business to a newly formed entity, New Reliance Consumer Products Ltd (New RCPL). The unit, moved on a going-concern basis, is now fully owned by RIL, which holds an 83.56 percent stake, as per a December 1, 2025 regulatory filing.

In the first half of FY26, Reliance Consumer Products Ltd posted gross revenue of ₹9,850 crore. Reliance Retail Ventures Ltd reported a consolidated turnover of ₹3.30 lakh crore for the year ending March 31, 2025 with EBITDA of ₹25,053 crore.

Venugopal’s appointment adds to a recent series of senior hires at the company, including former Carrefour executive Guillaume de Colonges, who now heads the grocery division. These moves come amid expectations that Reliance Retail could pursue an IPO targeting a valuation of around $100 billion, according to an October 13 report.

India’s largest organised retailer, Reliance Retail operates 19,821 stores and multiple digital channels, serving nearly 40 crore customers annually across categories such as consumer electronics, grocery, and fashion. With India’s retail market projected to grow from $1.15 trillion in 2025 to $1.8 trillion by 2030, the company’s restructuring and leadership changes signal preparations for its next phase of growth and a potential public listing.