India, Feb. 6 -- Flipkart is taking a reverse flip to shift its domicile from Singapore to Gurugram. As it makes a fresh push to go public, the company has lined up a host of other changes that were crucial to meet the regulatory guidelines for foraying into the Indian capital market.

The $36 Bn ecommerce giant dusted off its IPO dream after parent Walmart last year gave it the go-ahead to list in the next 12-18 months. Flipkart went on to restructure its board and the leadership to make its mega IPO boom. It is, however, yet to accelerate its cost-cutting drive and work on its subsidiaries that are still making losses.

Walmart is wary of the challenges that Flipkart and arch rival Amazon India have faced from the regulators over the pa...