Meesho appoints four independent directors

E-commerce firm Meesho has appointed Jubilant Bhartia Group founder Hari S Bhartia along with three other seasoned business leaders as independent directors.

Along with Bhartia, Meesho has onboarded former JP Morgan Chairman Kalpana Morparia, PhonePe non-executive Chairman Rohit Bhagat and former Flipkart executive Surojit Chatterjee to its board of independent directors.

Bhartia is also the co-chairman of Jubilant Ingrevia Ltd and Jubilant FoodWorks Ltd, the master franchisee of Domino's Pizza and Dunkin' Donuts restaurants in India. Before serving JP Morgan, Morparia was at ICICI Bank.

The development comes at a time when Meesho is in the process of moving its domicile to India from the US.

Meesho recently announced an employee stock ownership plan (ESOP) buyback program of Rs 200 crore (approximately $25 million), making it the company’s largest ESOP buyback pool to date.