On 20 December 2014, Flipkart announced filing application with Singapore-based companies’ regulator ACRA to become a public company after raising $700 million for long term strategic investments in India following which its number of investors exceeded 50.
Why is flipkart registered in Singapore?
One of USPs of registering a company in Singapore is its lower taxation rates. There is no capital gain tax, which means, the dividends paid by Singaporean companies to their investors is tax-free. Tiger Global is one of the investors in Flipkart. It is a Singapore-based company.
Who is the MD of Flipkart?
Kalyan Krishnamurthy (Jan 2017–)
Where is the Flipkart headquarters?
Is flipkart a private limited company?
FLIPKART INDIA PRIVATE LIMITED. Flipkart India Private Limited is a Private incorporated on 19 September 2011. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Its authorized share capital is Rs. 10,000,000 and its paid up capital is Rs. 8,508,947.