Deepinder Goyal has stepped down from his role as Group Chief Executive Officer of Eternal, marking a significant leadership transition at the parent company of Zomato and Blinkit. Subject to shareholder approval, Goyal will continue to remain on the board as Vice Chairman.
The company has appointed Albinder Dhindsa, founder and chief of Blinkit, as the new Group CEO of Eternal.
Why Deepinder Goyal stepped aside
In his communication, Goyal said he has increasingly found himself drawn toward higher-risk ideas involving exploration and experimentation, which are better pursued outside the structure of a public company. He noted that the expectations from the CEO of a listed Indian company demand singular focus, discipline and operational consistency, something Eternal needs as it scales its core businesses.
Goyal emphasized that Eternal should remain sharply focused on growth areas aligned with its existing business lines, while he explores new ideas independently. His decision reflects a strategic realignment rather than a departure from the company’s long-term vision.
Albinder Dhindsa takes the helm
With this transition, Albinder Dhindsa will assume charge as Group CEO, bringing operational leadership at a time when Eternal’s quick commerce arm Blinkit has emerged as a key growth driver. Dhindsa has been instrumental in building Blinkit’s inventory-led model, expanding dark stores, and improving unit economics.
His elevation signals Eternal’s intent to double down on execution, profitability and scale, particularly in quick commerce and food delivery.
Continuity at the board level
Despite stepping down as CEO, Goyal will remain closely associated with Eternal as Vice Chairman, ensuring strategic continuity and founder oversight. The company stated that this structure allows Eternal to balance long-term vision with sharper operational focus under new leadership.
What this means for Eternal
The leadership change comes at a time when Eternal has been delivering strong quarterly growth in revenue, EBITDA and margins, driven largely by Blinkit’s performance. Market participants will closely watch how Dhindsa steers the group, particularly on profitability, competitive intensity, and capital allocation.
Overall, the transition marks a founder-led evolution rather than an exit, with Eternal positioning itself for its next phase of disciplined growth under Albinder Dhindsa’s leadership.
