Particle.news
Download on the App Store

Meesho Confirms GM-Business Megha Agarwal’s Exit, Names Milan Partani to Commerce Platform

The timing aligns with a pre-IPO share lock-in expiry that left the stock down 5% at the lower circuit.

Overview

  • Meesho disclosed in an exchange filing that general manager-business Megha Agarwal resigned on January 7, marking the first senior exit since the company’s December 2025 listing.
  • Milan Partani, previously general manager for user growth and content commerce, has been appointed general manager – commerce platform.
  • Roughly 109.9 million pre-IPO shares, about 2% of outstanding equity, became eligible to trade this week as the lock-in expired.
  • Meesho shares settled 5% lower at Rs 164.4 on the NSE, hitting the lower circuit after opening higher earlier in the session.
  • Agarwal joined Meesho in 2019, later led growth before taking the GM-business role in 2023, and held 35 lakh shares, or about 0.14% of total equity, according to the IPO prospectus.