Zomato’s Deepinder Goyal resigns as Eternal CEO; Albinder Dhindsa named successor

Deepinder Goyal, the billionaire founder of food delivery giant Zomato, announced Wednesday he is resigning as Group CEO and Managing Director of parent company Eternal Ltd., effective Feb. 1.

The company has named Albinder Dhindsa, the founder and current CEO of quick-commerce arm Blinkit, as Goyal’s successor.

The leadership transition comes alongside a robust Q3 2026 earnings report, where Eternal saw consolidated net profit jump 73% year-on-year to ₹102 crore. Consolidated revenue skyrocketed 201% to ₹16,315 crore, fueled largely by the explosive scaling of Blinkit’s delivery network.

Strategic Transition

In a candid letter to shareholders, Goyal explained that his decision was driven by a desire to pursue "higher-risk exploration" and experimental ventures that do not fit the strategic profile of a publicly listed company.

"The expectations, legal and otherwise, of a public company CEO in India demand singular focus," Goyal wrote. "This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal's risk profile."

Goyal, 43, will transition to the role of Vice Chairman on Eternal's board, subject to shareholder approval. He stated he will remain involved in long-term strategy, culture, and ethics while handing all day-to-day execution and operating priorities to Dhindsa.

New Leadership

Goyal strongly endorsed Dhindsa, citing his successful navigation of Blinkit from its acquisition in 2022 to reaching a breakeven point.

"Albi has the DNA of a battle-hardened founder," Goyal noted. "The centre of gravity for operating decisions now moves to him."

To ensure leadership stability without further shareholder dilution, Goyal also announced that all of his unvested Employee Stock Options (ESOPs) will revert to the company's general ESOP pool.

Goyal’s Future Ventures

While stepping back from Eternal, Goyal has already begun investing in outside projects. He recently launched Continue, a health-tech initiative focused on human longevity, and Temple, a startup developing wearable devices to monitor brain blood flow. In March 2025, he reportedly invested $20 million in LAT Aerospace, a deep-tech firm founded by former Zomato executives.

Eternal, which rebranded from Zomato Ltd. in early 2025, currently oversees four major business verticals: Zomato (food delivery), Blinkit (quick commerce), Hyperpure (B2B supplies), and District (going-out and events).

Shares of Eternal ended Wednesday’s session nearly 5% higher at ₹282.80 following the earnings announcement.