Swiggy share price jumps 5.4% after resignation of CEO Amitesh Kumar Jha
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Swiggy share price jumped 5.4% on Tuesday, 28 July, after the company announced a leadership change at its quick-commerce business, Instamart. In a regulatory filing, Swiggy said Amitesh Kumar Jha has resigned as Chief Executive Officer of Instamart to pursue other opportunities. His resignation, submitted through a letter dated 28 July 2026, also marks his cessation as a Senior Management Personnel (SMP) of the company. "I hereby tender my resignation from the position of CEO-Instamart, to pursue opportunities outside the organisation," Jha stated in his resignation letter addressed to Sriharsha Majety, Managing Director & Group CEO, Swiggy. Swiggy also announced the appointment of Nandita Sinha as the Chief Executive Officer of Instamart, effective 3 August 2026. She will be designated as a Senior Management Personnel (SMP) from the date of her appointment. Nandita Sinha joins Swiggy from Myntra, where she served as Chief Executive Officer (CEO). During her tenure, she led Myntra to strengthen its position as India's largest fashion e-commerce platform, continuing to gain market share in a highly competitive industry after steering the business to EBITDA profitability in 2024. Speaking about her new role, Nandita Sinha, CEO, Instamart, said, "I have long admired what the team at Instamart has built. It's a business with a strong customer-first culture, great talent and significant opportunities ahead. Instamart sits at the heart of how India shops for its everyday needs, and I look forward to working with our colleagues, partners and consumers to shape its next chapter of growth." (more to come) Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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