Eternal Appoints New CEO for Food Delivery Business

Foodtech leader Eternal, previously known as Zomato, has made a significant move by appointing Aditya Mangla as the Chief Executive Officer for its primary food delivery operations. Mangla’s appointment follows Rakesh Ranjan’s completion of a two-year tenure in the role. According to a regulatory filing, Eternal’s board sanctioned Mangla’s appointment on July 6 for a term lasting two years.

While Ranjan will step down from his position as a designated Senior Management Personnel (SMP), he will maintain his connection with the organisation.

Aditya Mangla’s Background

Aditya Mangla has been part of Eternal since March 2021 and has held various leadership positions spanning product development, supply chain management, and customer experience. Prior to his time at Zomato, he gained extensive experience in senior P&L and product roles within various startups and tech-focused companies.

Eternal’s Financial Performance

In the fourth quarter of FY25, Eternal experienced a remarkable 64% increase in revenue year-on-year, surging to Rs 5,833 crore from Rs 3,562 crore in Q4FY24. Additionally, the company reported a profit of Rs 39 crore during this period. Notably, the food delivery segment played a key role, contributing 35% to the overall operating income.

Market Insights

On the recent stock market close, shares of Eternal were priced at Rs 261.2, giving the firm a total market capitalisation of Rs 2,52,067 crore (approximately $29.6 billion).