Walmart’s Flipkart gets new general counsel: Bijoya Roy joins from Thomson Reuters during challenging times

Bijoya Roy: New WalKart GC
Bijoya Roy: New WalKart GC

Thomson Reuters general counsel for global emerging markets, Bijoya Roy, has taken up the position to head Flipkart in Bangalore under its new Walmart owners.

She succeeds interim general counsel Grant Coad, who had flown over to India from Walmart Canada after the US retail giant’s record acquisition of the Indian(ish) unicorn, alongside a bunch of other senior Walmart executives.

Roy will be reporting to Walmart Asia senior vice president, chief administrative officer and its Asia general counsel.

We have reached out to her for comment.

Roy is a 2002 Symbiosis Law School Pune graduate with a postgraduate diploma in European competition law from King’s College London. She had begun her career at the Tata Housing Development Company, moved to Asian Paints in 2004, followed by Kodak Eastmann in 2005.

In 2008 she had joined Thomson Reuters in London, moving up the ranks from senior legal counsel EMEA in London, to UAE-based chief counsel MENA, Sub-Saharan Africa, Russia/CIS, and in 2017 to general counsel (GC) of so-called global growth organisation (global emerging markets).

Flipkart had seen a fair bit of turnover at the top of its legal team, losing GC Rajinder Sharma in 2016, only a year after he’d joined from Samsung. His predecessor was Srivals Kumar.

She will also be joining at a challenging time in Indian e-commerce regulation, particularly for foreign-owned companies that have been impacted hard by new, more restrictive FDI rules that could see increasing competition from deep-pocketed domestic players.

To date, Khaitan & Co has been Flipkart’s go-to corporate legal adviser, for the most part, while Shardul Amarchand Mangaldas had worked closely with Walmart in the acquisition.

Comments

Big 6 5 Feb 2019, 13:30
+1 -3
Damn! She must me really good to become WalKart GC (sic.). Though haven't heard of her much (or her e-com. experience, if any), probably because I have only worked in law firms. Can someone shed some more light on her bio? Any major deals or any major product launch assistance/ compliance or any major assit in setting up a regulated business?
Samarthyu 5 Feb 2019, 13:52
+23 -3
You dont need to be good. You need to be smart and diplomatic.
Nepotism 6 Feb 2019, 04:25
+2 -2
Correct, or you need to have a particular kind of surname....
InHouse 6 Feb 2019, 06:20
+2 -1
She is a well known name in the Policy and Contracts circle.
She is the ex-gc for TR.
Amazing strategist as well.
Her appointment is probably due to change in the e-commerce policy by the Modi govt.

Good move.
Big 6 6 Feb 2019, 09:05
+0 -0
True. Smart + Diplomatic = Good
@Big 6 6 Feb 2019, 02:19
+1 -6
What she have is a LPO experience at Thomson (no deals), however credit where it is due, she made the cut.. so great and congratulations!!
kianganz 6 Feb 2019, 06:27
+0 -0
I'm don't think her role would have been LPO, and would likely have included a fair bit of M&A, etc - Thomson Reuters buys other companies, such as the LPO Pangea3, fairly regularly, after all...
Kian Fan 6 Feb 2019, 08:19
+17 -0
such as legallyindia, someday.
InHouse 6 Feb 2019, 06:51
+6 -0
No everything is about deals my friend.
Here her expertise as a strategist for government policy will come into effect.
She is to play a pivotal role on whether Walmart is able to sustain in India after all.
baby 6 Feb 2019, 06:15
+0 -0
Didn't she report to Jagriti Bhattacharya at Thomson Reueters?
Infant 6 Feb 2019, 08:26
+2 -0
Will that change anything?
Gulab 6 Feb 2019, 08:58
+0 -0
Everyone at TR legal seems to want to leave. The number of TR CVs out in the market is staggering!
InHouse 6 Feb 2019, 10:01
+1 -0
Even though the attrition rate is so high in TR (higher than that in KCO, SAM/CAM), a lot of people return back to TR.
We receive countless CVs where it seems to be a general trend that people leave TR only to return after a few years and then apply elsewhere after a year of returning.
Difficult to make sense of........
Trevor 19 Mar 2019, 13:25
+0 -0
She was Jagriti's boss!
Curious 123 13 Feb 2019, 11:03
+0 -0
Any clue what’s the pay package ?
Planktons Peanuts 13 Feb 2019, 11:27
+0 -0
Rumour has it that she will be getting somewhere 14-18 cr (which is the average flipkart SVP salary including bonus ) + bonus.
I have no idea what the bonus is.

PS this estimation is based on the assumption (the rumour that was going on) that walmart has increased the senior management salary post acquisition.

Again, this is a calculated guess not the actual figure.
Aloo Poori 13 Feb 2019, 16:23
+1 -6
18 crores for cutting and pasting NDAs? Ab har wish hogi poori!!
Planktons Peanuts 14 Feb 2019, 04:23
+5 -0
Yes but she is coming from UK.
She was a GC for a division of TR in UK.

So Pounds/Euro se Rs convert kar le..

Plus you do know that GCs don't cut and paste NDAs
Planktons Peanuts 20 Feb 2019, 06:52
+0 -0
While that has been a standard practice, the amount that c lass executive earn is roughly 1/3 of the CEO's compensation, start ups as we have seen do not follow the same trend.

Here is an interesting fact: SVP working in flipkart back in 2015 got an average package of 11 to 12 cr and their counterpart in amazon got around 2. (this is based out of an article I read during their walmart take over, the article was titled "why flipkart is bleeding" or something like that.)

The GC here was appointed after taking approval from the board and given the tumultuous time ahead for Walmart, I won't be surprised if she is made a board member (legal or policy)
ZRS 16 Feb 2019, 04:39
+6 -1
Peanut bhai, while you talking of 14-18 crore INR- I have a feeling that rarely, if any, would an Indian in-house/ GC cross 60mn (6 crore INR). Salaries of senior management were earlier visible in annual reports and you can make a more informed guess by extrapolating generally from there. 140 mn INR, not happening by a long shot.