Walmart-owned Flipkart has moved its holding structure from Singapore to India after regulatory approval, as it prepares for a planned stock market listing in FY27.

The relocation follows the approval granted in December 2025 by the National Company Law Tribunal (NCLT), enabling the company to transfer its holding entity from Singapore to India.

As part of the restructuring, the tribunal approved the merger of eight Singapore-registered entities into Flipkart Internet.

Flipkart Internet, incorporated in India, will serve as the group’s primary operating entity for its domestic businesses.

The change comes more than a decade after the e-commerce company shifted its headquarters abroad.

Flipkart had moved its headquarters to Singapore in 2011.

The board approved the move to return the company’s domicile to India in April 2025, when Flipkart first outlined plans to shift its headquarters back to the country.

By September, the company had obtained in-principle approval from a Singapore court.

Proceedings were also conducted before the National Company Law Appellate Tribunal during the process.

Walmart acquired a 77% stake in Flipkart in May 2018 through a $16bn deal.

According to a report from The Financial Express, Flipkart’s gross merchandise value reached approximately $30bn in 2025, compared with about $23bn in 2021.

Founded in Bengaluru in 2007, Flipkart was among several Indian startups that established offshore holding structures to attract foreign investment and manage regulatory conditions at the time.

The Flipkart Group encompasses Flipkart Wholesale, Flipkart Health+, Cleartrip and Myntra.  

Last month, its parent Walmart reported revenue growth in FY26 and announced a $30bn share buyback programme.