Flipkart’s Executive Chairman Sachin Bansal may exit the Bengaluru-based company he set up over a decade ago if negotiations with the US retail giant Walmart reach a successful conclusion, the Economic Times said, quoting sources.

The daily, quoting sources, said Bansal did not have any plans to sell his stake until last week, and was seeking a bigger role in the company.

Bansal could also look to launch a startup again and mentor other entrepreneurs, the daily added.

“The talks around Sachin moving out of Flipkart with the Walmart deal have started in the last 3-4 days,” ET quoted sources as saying.

The final decision on Bansal’s exit from Flipkart could be decided over the next week as Flipkart and Walmart finalise negotiations for the board seats. Bansal's exit was a strong possibility, the daily added.

Flipkart’s 10-member board includes Sachin and Binny, while Kalyan is not on the board, according to regulatory filings made by the company in Singapore.

Bansal told ET that he wouldn't be able to comment on the issue via text message.

First Published:May 4, 2018 9:26 AM IST