Thomson Reuters general counsel for global emerging markets, Bijoya Roy, has taken up the position to head Flipkart in Bangalore under its new Walmart owners.
She succeeds interim general counsel Grant Coad, who had flown over to India from Walmart Canada after the US retail giant’s record acquisition of the Indian(ish) unicorn, alongside a bunch of other senior Walmart executives.
Roy will be reporting to Walmart Asia senior vice president, chief administrative officer and its Asia general counsel.
We have reached out to her for comment.
Roy is a 2002 Symbiosis Law School Pune graduate with a postgraduate diploma in European competition law from King’s College London. She had begun her career at the Tata Housing Development Company, moved to Asian Paints in 2004, followed by Kodak Eastmann in 2005.
In 2008 she had joined Thomson Reuters in London, moving up the ranks from senior legal counsel EMEA in London, to UAE-based chief counsel MENA, Sub-Saharan Africa, Russia/CIS, and in 2017 to general counsel (GC) of so-called global growth organisation (global emerging markets).
Flipkart had seen a fair bit of turnover at the top of its legal team, losing GC Rajinder Sharma in 2016, only a year after he’d joined from Samsung. His predecessor was Srivals Kumar.
She will also be joining at a challenging time in Indian e-commerce regulation, particularly for foreign-owned companies that have been impacted hard by new, more restrictive FDI rules that could see increasing competition from deep-pocketed domestic players.
To date, Khaitan & Co has been Flipkart’s go-to corporate legal adviser, for the most part, while Shardul Amarchand Mangaldas had worked closely with Walmart in the acquisition.
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She is the ex-gc for TR.
Amazing strategist as well.
Her appointment is probably due to change in the e-commerce policy by the Modi govt.
Good move.
Here her expertise as a strategist for government policy will come into effect.
She is to play a pivotal role on whether Walmart is able to sustain in India after all.
We receive countless CVs where it seems to be a general trend that people leave TR only to return after a few years and then apply elsewhere after a year of returning.
Difficult to make sense of........
I have no idea what the bonus is.
PS this estimation is based on the assumption (the rumour that was going on) that walmart has increased the senior management salary post acquisition.
Again, this is a calculated guess not the actual figure.
She was a GC for a division of TR in UK.
So Pounds/Euro se Rs convert kar le..
Plus you do know that GCs don't cut and paste NDAs
Here is an interesting fact: SVP working in flipkart back in 2015 got an average package of 11 to 12 cr and their counterpart in amazon got around 2. (this is based out of an article I read during their walmart take over, the article was titled "why flipkart is bleeding" or something like that.)
The GC here was appointed after taking approval from the board and given the tumultuous time ahead for Walmart, I won't be surprised if she is made a board member (legal or policy)
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