March 20 (Reuters) - Walmart ( WMT )-owned Indian

e-commerce firm Flipkart said on Friday its group finance chief,

Sriram Venkataraman, will step down, with the CFO of its

marketplace unit taking over a temporary broader finance role.

Flipkart did not say when Venkataraman would step down or

why he was leaving but said he will remain with the firm during

a transition period. Venkataraman has been with the company

since 2015.

The change at the top comes as the e-commerce firm, which

competes with Amazon ( AMZN ) in India, is preparing to list its

shares in the country. Earlier this month, Flipkart shifted its

holding company to India from Singapore.

Flipkart, which started in 2007 by selling books online, was

valued at around $37 billion in 2024, when Alphabet's

Google picked up a $350 million stake.

Walmart ( WMT ) had bought a controlling stake in Flipkart in 2018

for $16 billion.

Ravi Iyer, a Flipkart veteran of more than 12 years who is

the CFO of its marketplace unit, will oversee the broader

finance organisation, the group said.

Separately, the company said Nishant Verman, who had played

a role in Walmart's ( WMT ) acquisition, has rejoined as senior vice

president for corporate development and partnerships.

(Reporting by Haripriya Suresh and Urvi Dugar in Bengaluru;

Editing by Janane Venkatraman and Mrigank Dhaniwala)