In a major leadership reshuffle, Deepinder Goyal has decided to step down as Group CEO and Managing Director of Eternal Ltd., the parent company of Zomatoand Blinkit. His resignation will come into effect from 1 February 2026.
Taking over the reins is Albinder Singh Dhindsa, founder and CEO of Blinkit and a long-time collaborator of Goyal. As the new Group CEO, Dhindsa will handle day-to-day operations and all key operating decisions across Eternal’s businesses.
Goyal will continue his association with the company as Vice Chairman of Eternal’s Board, focusing on long-term strategy, leadership development, company culture, and governance.
Why Deepinder Goyal Stepped Down
In his letter to shareholders, Goyal explained that he has been increasingly drawn toward ideas that involve high-risk exploration and experimentation. According to him, such work is better pursued outside the structure of a publicly listed company.
He clarified that the decision is not a retreat from Eternal but a step toward strengthening its institutional leadership. With a dedicated CEO fully focused on execution, Eternal can continue scaling its core businesses while Goyal gains flexibility to explore ambitious projects beyond the company’s immediate scope.
New and Existing Ventures
Deepinder Goyal has already invested around $25 million of his personal wealth into Continue Research, a longevity-focused initiative he founded nearly two years ago. The venture works on extending healthy human life through open-source biological research.
Additionally, reports suggest that Goyal is in advanced discussions to invest in space-tech startup Pixxel, highlighting his growing interest in deep-tech and frontier innovation.
Despite stepping away from the CEO role, Goyal remains deeply tied to Eternal’s future. He continues to hold approximately 3.8% stake in the company, valued at over ₹10,000 crore as of 31 December 2025.
Company Performance at the Time of Transition
The leadership transition comes at a time of strong financial momentum for Eternal Ltd. In Q3 FY26, the company reported a consolidated net profit of around ₹102 crore, marking a 73% year-on-year increase.
Revenue from operations surged by nearly 200% year-on-year to cross ₹16,000 crore, driven by rapid expansion across food delivery, quick commerce, and allied digital services.
What This Means for Eternal, Zomato & Blinkit
This transition signals a shift from founder-led execution to institutional leadership at Eternal. With Albinder Singh Dhindsa steering daily operations and Deepinder Goyal guiding long-term vision from the boardroom, the company aims to balance stability with innovation.
As Eternal enters its next growth phase, this move underscores a broader trend among Indian startup founders — building enduring institutions while exploring bold ideas beyond them.
