Government-backed Open Network for Digital Commerce has named Chief Operating Officer Vibhor Jain as its acting chief executive officer with immediate effect.
Jain was also a part of the eight-member Executive Committee, which had been jointly taking decisions so far. All executive powers will now be transitioned to Jain, as the organisation continues its process of identifying a new managing director and CEO.
"With the transition to a single point of leadership, the responsibilities previously overseen by the eight-member Executive Committee will now be integrated under the acting CEO's purview, marking the conclusion of the Committee's interim role. The Executive Committee has played a crucial role in steering ONDC over the past few weeks, ensuring operational continuity and progress across its key initiatives," it said in a statement.
The changes were triggered as T Koshy, the founding CEO and MD stepped down from his role last month.
A government-backed initiative, ONDC was launched in 2021. It was set up primarily to make digital commerce accessible to smaller players. It has been set up as a not-for-profit entity, which has formulated a set of standards for voluntary adoption by sellers or logistics providers or payments gateway operators.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
