Deepinder Goyal Steps Down as Group CEO, Transitions to Vice Chairman; Albinder Dhindsa Takes Over
Deepinder Goyal steps down as Group CEO of Eternal Limited, transitions to Vice Chairman, as Blinkit founder Albinder Dhindsa takes over leadership.
Aryan K 
Deepinder Goyal, Indian billionaire entrepreneur, best known as founder of Zomato has officially announced his resignation as the Group CEO on 21st January, 2026. The former Group CEO of Eternal Limited has announced that this would be effective on 01 February, 2026. But here's a twist. He is not leaving the company but transitioning to the role of Vice Chairman. He will be focusing on long term strategy for the company. He will also be focusing on high risk experimental ventures that wil be existing outside the public company structure.
Albinder Dhindsa Takes Charge as Group CEO of Eternal Limited
Deepinder Goyal is being succeeded as CEO by Albinder Dhindsa. Those who don't know, Albinder Dhindsa is the founder & current CEO of Blinkit. Albinder Dhindsa will be overseeing business of the group including Zomato, Blinkit, and Hyperpure.
Albinder Dhindsa’s Journey and Company Performance
Albinder Dhindsa is an IIT Delhi and Columbia Business School alumnus. He has previously worked at Zomato as Head of International Operations. Later he co founded Grofers in the year 2013. He later rebranded it as Blinkit in the year 2021. This was followed by its ₹4,447 crore acquisition by Zomato in 2022.
Full text of the shareholder letter
Dear Shareholders,
Today, I am going to step away from the Group CEO role, and subject to shareholders’ approval, will remain on the board of directors as Vice Chairman.
Albinder Dhindsa (Albi) will be Eternal’s new Group CEO.
Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. These are the kinds of ideas that are better pursued outside a public company like Eternal. If these ideas belonged inside Eternal’s strategic scope, I would have pursued them within the company. They do not. Eternal deserves to remain focused, and disciplined, while exploring new areas of growth that are relevant to its current line of business.
While I believe I personally have the bandwidth to continue what I am doing at Eternal, and also explore new ideas outside of it, the expectations, legal and otherwise, of a public company CEO in India demand singular focus.
This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal’s risk profile.
I have spent eighteen years, almost half my life, building this company. I will continue doing that.
Albi, Akshant, and I will continue to work closely together, as we always have. Our partnership, shared context, and trust remain unchanged. All our business CEOs will continue operating with the autonomy they have always had.
My involvement in long-term strategy, culture, leadership development, and ethics and governance, continues. This is where I have increasingly focused lately anyway.
The centre of gravity for operating decisions moves to Albi. As Group CEO, he will own day-to-day execution, operating priorities, and business decisions.
Blinkit’s journey from acquisition to breakeven happened under his leadership. He built the team, the culture, the supply chain, the operating rhythm. He has the DNA of a battle-hardened founder and his ability to execute far exceeds mine. He is more than capable of leading Eternal as Group CEO.
Blinkit remains our largest growth opportunity and will remain as Albi’s top priority. Our decentralized structure, where each business has a CEO with full ownership, continues unchanged – and will help Albi execute this well.
My financial future remains meaningfully tied to Eternal, and my incentives remain aligned with long-term shareholder value creation.
Also Read: Al Falah University Fraud Probe Reveals ₹415 Crore Fake Education Scam
This transition occurs from a position of strength with Eternal reporting a 202% jump in revenue in Q3 FY26. Zomato officially changed its parent company name to Eternal Limited in March 2025.
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