Deepinder Goyal, the co-founder of Zomato and long-serving CEO of its parent company Eternal Ltd, has announced his resignation from the role of Group CEO and Managing Director, effective 1 February 2026, according to company filings and news reports.
Eternal Ltd is the publicly traded parent of major Indian tech brands such as Zomato and Blinkit.
📌 What the Company Announced
- Eternal Ltd confirmed the leadership transition in a regulatory filing.
- Albinder Singh Dhindsa, founder and CEO of Blinkit, has been named the new Group CEO of Eternal, taking charge from February 1, 2026.
- Goyal will remain associated with Eternal as Vice-Chairman and a board member, subject to shareholder approval.
- The decision was communicated in a shareholder letter outlining the company’s strategic direction.
🧠 Why Goyal Stepped Down
According to published reports and his letter to shareholders, Goyal said he wants to pursue new ideas and ventures that involve higher risk and experimentation—opportunities that he believes don’t fit well within the framework of a public company like Eternal.
In his note, he emphasized that while he could personally balance both roles, the legal and operational demands of a public company CEO require full focus, prompting the leadership change.
Goyal also stated this change is about focus, not departure from the company’s mission or long-term success.
🔎 Who Is Albinder Dhindsa?
- Albinder Singh Dhindsa (often called Albi) is the founder and former CEO of Blinkit, the quick-commerce arm of Eternal.
- Dhindsa played a critical role in scaling Blinkit, especially after its acquisition by Eternal, and has been a key part of operations and growth strategy.
- His appointment signals a renewed focus on execution and operational leadership as Eternal enters its next phase.
📈 Market and Company Context
In parallel with the leadership change, Eternal reported strong financial results for Q3 FY26, with a significant year-on-year increase in net profit and robust revenue growth — signaling healthy business fundamentals amid the transition.
