Flipkart is getting ready for a big structural shift. The e-commerce major, currently domiciled in Singapore, has decided to move its holding company to India—a move that's being seen as a critical step in the run-up to its much-awaited Initial Public Offering (IPO).
The decision has received internal green light and signals Flipkart's intent to list on Indian stock exchanges, possibly within the next 12 to 15 months. If it goes through as expected, this could turn out to be one of the biggest IPOs among India’s new-gen tech companies.
Backed by Walmart, Flipkart is not just changing addresses. The company is also restructuring its board and tightening its operational framework, likely to meet regulatory and investor expectations in India.
A Flipkart spokesperson said the change reflects the company’s “deep and unwavering commitment to India” and cited the country’s policy environment and tech ecosystem as reasons behind the move.
While this might sound polished, it’s part of a wider shift many Indian-origin companies are making—bringing their legal homes back to India from overseas hubs like Singapore and the Cayman Islands. This trend, known as “reverse-flipping”, has picked up momentum, particularly with India's capital markets gaining traction.
Flipkart has also scrapped its work-from-home policy, calling all 22,000 employees back to the office five days a week. The internal shake-up appears to be in line with the company's broader efforts to sharpen focus and improve coordination ahead of going public.
The Flipkart IPO was originally planned for 2022–2023, but was shelved due to shaky market conditions and global economic concerns. With things looking a bit more stable now, the company seems ready to take the plunge.
And it’s not alone. The IPO calendar for 2025 is already looking packed. Names like Bluestone, Zepto, boAt, and Ather Energy are all expected to hit the markets. Interestingly, many of these companies were also earlier based abroad and are now moving their legal headquarters to India.
