Magicbricks names ex-CarDekho executive Mayank Jain as CEO, effective Oct 1

Real estate classifieds platform Magicbricks has announced the appointment of Mayank Jain as its new chief executive officer (CEO), set to begin on October 1. In a press release, Magicbricks, a prominent property marketplace, revealed that Jain transferred from CarDekho, where he had served as CEO of the auto classifieds segment for over five years.

With more than two decades of experience across digital, media, technology, and consumer sectors, Jain is poised to lead Magicbricks into the next phase of its growth. As CEO, his focus will be on harnessing the company's digital strengths, pushing forward technology-driven innovation, and maintaining a strong consumer-focused strategy.

Magicbricks anticipates that Jain's leadership will propel business transformation, enhance operational and financial performance, and further solidify its standing in India's dynamic real estate market. With an MBA from INSEAD, a PGDM from Management Development Institute (MDI) in Gurgaon, and a Computer Engineering degree, Jain brings a robust educational background to the role.

Based at Magicbricks' Noida office, he will report to N Subramanian, Executive Director and Group CEO of The Times Group. Currently, Magicbricks enjoys monthly traffic exceeding two crore visits and maintains over 15 lakh listings, positioning itself as a comprehensive service provider catering to all real estate requirements, including home loans, interiors, and expert advice.