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People · Commerce & Consumer Brands

Sharon Pais named Myntra CEO, Nandita Sinha steps down

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Myntra logo
Date
Company
Myntra
What it does
Online fashion marketplace
Kind
People
Based in
Bengaluru
Founded
2007
Sector
Commerce & Consumer Brands

What they do

Myntra is an online marketplace for fashion products like apparel and accessories

What happened

Sharon Pais, previously Myntra CBO and Flipkart Fashion head, becomes CEO immediately, replacing Nandita Sinha

Why it matters

Myntra reported net profit of Rs 548 crore in FY25, up from Rs 30 crore in FY24

The details

  • Sharon Pais has been appointed as the CEO of Myntra, effective immediately.
  • She replaces Nandita Sinha, who is stepping down from the role.
  • Nandita Sinha will stay in an advisory role to support the transition.
  • Sharon Pais will report to Kalyan Krishnamurthy, the Flipkart group CEO.
  • Sharon Pais previously served as Myntra's CBO and later headed Flipkart Fashion.
  • She joined Flipkart in 2013 as a sales and revenue lead.
  • Kapil Thirani will lead Flipkart Fashion, reporting to Sakait Chaudhary.
  • Flipkart will search for a successor for its marketplace business head.

The bigger picture

  • Myntra's net profit surged to Rs 548 crore in FY25 from Rs 30 crore in FY24, an 18x increase.
  • Revenue grew 18% to Rs 6,042.7 crore in FY25 from Rs 5,122 crore in FY24.
  • The leadership change comes as Myntra scales its M-Now rapid delivery service, launched in November 2024.
  • M-Now is active in 10 cities, covering over 940 pin codes with ~100,000 styles from 1,000+ brands.
  • Flipkart Group is planning an IPO, adding strategic importance to Myntra's performance.

About the business

  • Myntra is an online marketplace for fashion products including apparel and accessories.
  • It was founded in 2007 by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena.
  • Myntra was acquired by Flipkart for $240 million in 2014.
  • The company is headquartered in Bengaluru.
  • Myntra launched M-Now, a rapid delivery service, in November 2024.
  • M-Now delivers fashion and beauty products within 30 minutes to 2 hours.
  • As of November 2025, M-Now accounted for ~10% of total orders in its operating areas.
  • Myntra announced actor Alia Bhatt as its brand face for Myntra and Myntra Beauty.

What happens next

  • Myntra plans to scale M-Now as a key growth driver under Sharon Pais.

Founders

  • Mukesh Bansal, Co-founder
  • Ashutosh Lawania, Co-founder
  • Vineet Saxena, Co-founder

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