Deepinder Goyal on Governance

Shareholders approved the special resolution renaming Zomato Ltd to Eternal Ltd in March 2025, formalising the holding-company structure that would house Zomato, Blinkit, Hyperpure and the District going-out vertical. The structural separation between parent brand and operating brands gave each vertical a cleaner capital-allocation identity.

Goyal publicly disclosed that he twice considered asking Blinkit founder Albinder Dhindsa to step aside post-acquisition, citing potential conflict-of-interest concerns. The admission — rare in Indian startup governance — illustrated the awkwardness of integrating a founder-CEO into a larger acquiring company, and informed Goyal's eventual decision to elevate Dhindsa to group CEO in 2026.

In February 2025 the listed entity renamed itself Eternal Ltd, with consumer-facing brands Zomato and Blinkit continuing under their existing names. Goyal framed the change as a structural recognition that the parent had become a portfolio of multiple consumer-internet businesses rather than a single food brand — an unusual mid-cap rename by Indian corporate-governance standards.

The company was hit by a 2017 security breach in which about 17 million user records were stolen. The incident prompted Zomato to publish a detailed technical post-mortem explaining how the breach occurred, a transparency choice that contrasted with the more reticent handling of similar incidents at peer platforms and which Goyal later cited as a governance touchstone.