People · Professional & Local Services

MagicBricks CEO Sudhir Pai resigns after 15 years

By Startup Enthusiast · 18 February 2026

What they do

MagicBricks is a marketplace for buying, selling and renting residential and commercial properties

CEO Sudhir Pai resigned after 15+ years, saying the company is at a stable juncture with a strong team

The company is profitable for four years, considering an IPO in the next 2-3 years, and has been acquiring tech firms

Sudhir Pai, CEO of MagicBricks, resigned after 15+ years at the company.
Pai had been CEO since 2011 and said he wants to reflect and recalibrate for the next 10-15 years.
In an internal email, Pai said the company is at a stable juncture with a full leadership team and strong talent pool.
MagicBricks is doubling down on M&As to bolster growth.
It acquired tech company PropViz in December 2024 for 3D visualisation features.
It also acquired AI-powered CRM platform ReadPro earlier for broker tech solutions.
Pai told Business Standard in October 2025 that MagicBricks has been profitable for four years and is considering an IPO in 2-3 years.

MagicBricks is a wholly-owned subsidiary of Times Internet, the digital arm of the Times Group.
Times Internet has divested MX Player (sold to Amazon in 2024) and ET Money (sold to 360 One) in recent years.
The resignation comes as the company prepares for a potential IPO and pursues acquisitions.

MagicBricks is a marketplace for buying, selling and renting residential and commercial properties.
It was founded in 2006 and is a wholly-owned subsidiary of Times Internet, the digital arm of Bennett, Coleman and Co Ltd (Times Group).
The company has been profitable for four years as of October 2025.
It is considering an IPO in 2-3 years.
It has been acquiring tech companies like PropViz (3D visualisation) and ReadPro (AI-powered CRM) to enhance its platform.