Deepinder Goyal has stepped down as Director, Managing Director and CEO of Eternal, effective February 1, 2026. The Board has recommended his appointment
as Vice Chairman and Director, while Blinkit CEO Albinder Singh Dhindsa will take over as Chief Executive Officer. The announcement was made on Wednesday, January 21, alongside the company’s financial results for the quarter ended December 31, 2025. In a social media post on X, Deepinder shared a shareholder letter which reads, "Dear Shareholders, Today, I am going to step away from the Group CEO role, and subject to shareholders' approval, will remain on the board of directors as Vice Chairman. Albinder Dhindsa (Albi) will be Eternal's new Group CEO." The letter further states the reason for the leadership change, stating on behalf of Goyal, "Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. These are the kinds of ideas that are better pursued outside a public company like Eternal. 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." "While I believe I personally have the bandwidth to continue what I am doing at Eternal, and also explore new ideas outside of it, the expectations, legal and otherwise, of a public company CEO in India demand singular focus. This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal's risk profile," the letter added.
An important update on leadership changes at Eternal. pic.twitter.com/CALn2QQFWE
— Deepinder Goyal (@deepigoyal) January 21, 2026
The letter added: "What doesn't change? I have spent eighteen years, almost half my life, building this company. I will continue doing that. Albi, Akshant, and I will continue to work closely together, as we always have. Our partnership, shared context, and trust remain unchanged. All our business CEOs will continue operating with the autonomy they have always had. My involvement in long-term strategy, culture, leadership development, and ethics and governance, continues. This is where I have increasingly focused lately anyway."
"What changes: The centre of gravity for operating decisions moves to Albi. As Group CEO, he will own day-to-day execution, operating priorities, and business decisions," it said.
