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Magicbricks names ex-CarDekho executive Mayank Jain as CEO, effective Oct 1
Sentiment: NeutralHigh Priority
What Happened?
Magicbricks has appointed Mayank Jain as CEO starting October 1. Jain, previously with CarDekho, will focus on enhancing the company's growth and consumer-centric approach.
Key points
- Mayank Jain has over two decades of experience in digital, media, and technology.
- He will focus on business transformation and improving operational performance.
- Jain holds an MBA from INSEAD and a degree in Computer Engineering.
- Magicbricks has over 2 crore monthly traffic and 15 lakh active property listings.
- He will report to N Subramanian, Executive Director of The Times Group.
Key insights
- Jain's focus on technology-led innovation may attract more users to the platform.
- His experience in consumer businesses could improve customer engagement.
- The appointment comes as the real estate sector in India is evolving rapidly.
Why it matters
Jain's leadership could enhance Magicbricks' competitive position in the real estate market.
Entities
Magicbricks· CompanyMayank Jain· PersonCarDekho· CompanyIndia· Country
Source
Business Standard
