Swiggy has appointed Faraz Khalid, CEO of noon, as an independent director to its Board, pending shareholder approval. This move is part of Swiggy’s broader strategy to transition towards a more independent board structure, following its successful public listing last year.
As part of this evolution, Swiggy also announced the resignation of Sumer Juneja (representing SoftBank) and Anand Daniel (representing Accel) from their roles as non-executive, non-independent directors. Their departure marks a pivotal step in strengthening Swiggy’s corporate governance in line with the standards expected of publicly listed companies.
“Faraz is among the most visionary leaders in e-commerce, bringing extensive expertise in integrating advanced technology, scaling operations, and delivering superior customer experiences. With his joining our Board, our independent directors (led by our Chairperson) represent four pillars of strategic governance. They bring a wide array of experience across established companies and startups, and marry business and financial acumen with fiduciary expertise. We are confident that their foresight and diversity shall be vital in guiding Swiggy on its next leg of growth.”
Faraz Khalid brings extensive leadership experience to the role. As CEO of noon—the Middle East’s leading consumer commerce platform—he has spearheaded expansion into ecommerce, quick commerce, and food delivery. He also co-founded Namshi, a leading fashion ecommerce platform in the region, and is widely recognized for his role in shaping the digital economy in the Middle East.
The exit of Juneja and Daniel represents the close of a chapter characterized by strong support and meaningful contributions. Their departure signals continued trust in Swiggy’s leadership, vision, and governance direction.
“We are delighted to welcome Faraz to the Board and look forward to leveraging his considerable experience at noon. We also extend our heartfelt thanks to Sumer and Anand for their invaluable contributions. Both have been associated with Swiggy since the early days, and their confidence and counsel have been instrumental in helping the management team build Swiggy into one of India’s most beloved consumer internet brands. The refreshed Board structure underscores Swiggy’s commitment to enhancing Board independence as part of the long-term roadmap towards stronger corporate governance, transparency, and value creation for all shareholders.”
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