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People · Commerce & Consumer Brands

Myntra's chief marketing officer Sunder Balasubramanian to leave company

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Myntra logo
Date
Company
Myntra
What it does
fashion e-commerce platform
Kind
People
Sector
Commerce & Consumer Brands

What they do

Myntra is a fashion e-commerce platform that operates as Flipkart’s fashion and beauty subsidiary

What happened

Sunder Balasubramanian, the chief marketing officer, is leaving the company after over 3.5 years, making him the second CXO to leave after CEO Nandita Sinha

Why it matters

Myntra reported a profit of Rs 548.3 crore in FY25, up from Rs 31 crore in FY24, marking a significant financial turnaround

The details

  • Myntra's chief marketing officer Sunder Balasubramanian is leaving the company after over 3.5 years.
  • He is the second CXO to leave Myntra after CEO Nandita Sinha.
  • Balasubramanian has worked at companies like Coupang, Hotstar, and Colgate-Palmolive before joining Myntra.
  • He was responsible for notable campaigns with A-listers like Ranbir Kapoor.
  • Balasubramanian also played a key role in launching international market campaigns for Myntra.
  • His immediate replacement has not been announced.
  • Myntra reported a profit of Rs 548.3 crore in FY25, up from Rs 31 crore in FY24.

The bigger picture

  • Myntra has experienced significant executive turnover in recent months.
  • The company is under new leadership with Sharon Pais as the head.
  • Myntra's financial performance has improved significantly, with a near 18-fold increase in profit.

About the business

  • Myntra is a fashion e-commerce platform that operates as Flipkart’s fashion and beauty subsidiary.
  • It sells clothing, accessories, and beauty products to Indian consumers.
  • The company has grown its revenue to over Rs 6,000 crore in FY25.
  • Myntra has focused on controlled spending and sustained growth across product categories.
  • It has improved its financial performance significantly, moving from a loss in FY23 to a profit in FY25.

The deal

Type
people

Founders

  • Sunder Balasubramanian, Chief Marketing Officer

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