Deepinder Goyal Steps Down As Eternal Group CEO, Albinder Dhindsa To Succeed

Deepinder Goyal is stepping down as the group chief executive officer of Eternal Ltd., according to a regulatory filing on Wednesday. Albinder Dhindsa will be succeeding him with immediate effect.

Eternal is the parent entity of food delivery major Zomato, and its quick commerce arm Blinkit. Goyal has been the CEO and co-founder of Zomato since its inception in 2008, and the corporate name was changed to Eternal in March 2025.

In his letter to shareholders, which was shared by Eternal with the exchanges, Goyal noted that he would exit as the group CEO with effect from Wednesday. However, subject to the shareholders' approval, he will remain on the board of directors as vice chairman.

Goyal, while explaining the reason behind his exit, said he has been lately drawn towards ideas that fall out of the core area of Eterna's operations. "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," he said.

Dhindsa, the next group CEO, had founded Grofers back in 2014. The company later underwent a transformation was rebranded as Blinkit in 2021. It was subsequently acquired by Zomato in 2022.

Dhindsa has been currently leading Blinkit as its CEO. With his elevation at the helm of Eternal, the "centre of gravity for operating decisions moves" to him, Goyal said in his letter.

"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," he added.

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ESOPs Surrendered

As part of this transition, Goyal said, all of his unvested ESOPs will revert to the ESOP pool. This ensures that Eternal continues to have "meaningful wealth-creation opportunities" for its next generation of leaders, while strengthening long-term retention without incremental shareholder dilution, he said.

Goyal added that his financial future remains meaningfully tied to Eternal, and his incentives remain aligned with long-term shareholder value creation.

"I believe Eternal is not going to lose focus or momentum through this change. Rather, it is reinforcing its institutional strength. And personally, I gain the flexibility to explore ideas that sit outside Eternal's scope, without compromising the company's priorities," he said.

Goyal's exit was announced on a day when Eternal posted its quarterly results for the quarter ended Dec. 31, 2025. The company's consolidated net profit rose 73% year-on-year to Rs 102 crore, whereas the revenue tripled to Rs 16,315 crore.

ALSO READ: Eternal Q3 Results: Zomato Profit Climbs 73% But Misses Estimates; Revenue Triples

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