India, April 10 -- T Koshy, the managing director and chief executive officer of the government-backed Open Network for Digital Commerce (ONDC), has stepped from his role after a three-year stint.

However, the reason for his resignation has not been disclosed.

"As with any dynamic and evolving organisation, a leadership change is currently underway. Koshy has expressed his desire to step down while helping on with the change. The MD and CEO responsibilities have been transitioned to an executive committee with Koshy available to the board over the next three months for advise," ONDC said in a statement.

The CEO's exit comes close to the recent exit of ONDC's chief business officer Shireesh Joshi, who served the network for about three ...