Board to Lead as ONDC Chief Steps Down After 3-Year Stint

Responsibilities of MD and CEO shifted to executive panel; Koshy to advise till his exit

- Sowmya R.

Thampy Koshy, the managing director and chief executive officer of the Open Network of Digital Commerce (ONDC), has stepped down from his role after a three-year stint, leaving the board comprising 10 members temporarily in charge of the body, two people with knowledge of the development told Mint.

Koshy's final day will be 30 June and the board has no immediate plans to find a replacement, said a third person with knowledge of the matter on condition of anonymity.

Confirming the development, ONDC said, "Koshy has expressed his desire to step down while helping on with the change. The MD and CEO responsibilities have been transitioned to an executive committee with Koshy available to the board over the next 3 months for advice."

"ONDC has witnessed remarkable growth in under three years, surpassing 200 million transactions and making strong strides towards its mission of democratising e-commerce in India. As with any dynamic and evolving organisation, a leadership change is currently underway," ONDC added.