Flipkart founders Sachin Bansal and Binny Bansal have handed over the operational control of the company they built over the past decade to Kalyan Krishnamurthy, the nominee of marquee American investor Tiger Global. Krishnamurthy was on Monday named the new chief executive officer (CEO) of the Bengaluru-based company. He replaced co-founder Binny Bansal, who was made the group CEO.

The change in top leadership takes place a year after then CEO Sachin Bansal was elevated as the chairman. Tiger Global is the largest investor in Flipkart by value. The Bansals losing out ...