<article>While Flipkart COO Nitin Seth has reportedly sent a legal notice to the Indian e-commerce giant alleging wrongful termination by the company, two senior executives have quit IFMR Trust.</article>

While Flipkart COO Nitin Seth has reportedly sent a legal notice to the Indian e-commerce giant alleging wrongful termination by the company, two senior executives have quit IFMR Trust.
<h3 style="text-align: justify;">Former Flipkart COO cries foul over ouster, sends legal notice</h3>
Former <a style="color: #000080;" href="http://dealstreetasia.com/tag/flipkart" target="_blank" rel="noopener noreferrer">Flipkart</a> COO Nitin Seth has sent a legal notice to the Indian e-commerce giant alleging wrongful termination by the company, according to a Times of India <a style="color: #000080;" href="http://timesofindia.indiatimes.com/business/india-business/ex-coo-sends-flipkart-notice-over-his-ouster/articleshow/59571104.cms" target="_blank" rel="noopener noreferrer">report</a>.
Seth, who resigned from his position as the Chief Operations Officer in May 2017, believes he was illegally fired.
Having served as the MD and Country Head of investment firm Fidelity International, Seth was originally brought on board at Flipkart in March 2016 by co-founder Binny Bansal. In less than six months, he was promoted to Chief Administrative Officer and, later, to Chief Operations Officer in January 2017. He was also heading Flipkart&#8217;s logistics unit <a style="color: #000080;" href="http://dealstreetasia.com/tag/ekart" target="_blank" rel="noopener noreferrer">Ekart</a> and corporate functions including strategy.
<h3 style="text-align: justify;">IFMR Trust sees management rejig, two execs quit</h3>
Financial inclusion-focused organisation <a style="color: #000080;" href="http://dealstreetasia.com/tag/ifmr" target="_blank" rel="noopener noreferrer">IFMR Trust</a> has witnessed a management reshuffle, with the exit of two of its senior executives, and another two moving away from day-to-day operations, according to <a style="color: #000080;" href="http://epaperbeta.timesofindia.com/index.aspx?eid=31815&amp;dt=20170714" target="_blank" rel="noopener noreferrer">a report</a> in The Economic Times.
According to the report, Vineet Sukumar, chief financial officer at IFMR Capital, the non-banking finance arm of IFMR Trust, and Gaurav Kumar, chief business officer of the NBFC, have both resigned from the firm.
Also, Sucharita Mukherjee, chief executive of IFMR Holdings, the parent entity of IFMR Capital, and Puneet Gupta, the company&#8217;s  finance head, have stepped away from their day-to-day responsibilities.
This has led to speculation that Mukherjee and Gupta may also be on their way out.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/top-e-commerce-firms-face-senior-management-churn-74091/" target="_blank" rel="noopener noreferrer">India’s top e-commerce players face senior management exodus</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-another-flipkart-executive-resigns-62468/" target="_blank" rel="noopener noreferrer">Flipkart’s management reshuffle continues as three top executives resign</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/nitin-seth-named-flipkarts-new-chief-people-officer-31152/" target="_blank" rel="noopener noreferrer">India: Ex-Fidelity honcho Nitin Seth is Flipkart’s new chief people officer</a>
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While former Flipkart COO Nitin Seth has sent a legal notice to the company alleging illegal termination, two senior executives have quit IFMR Trust.

People Digest: Former Flipkart COO cries foul over exit; Management rejig at IFMR

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