Magicbricks Appoints Mayank Jain as CEO
Magicbricks has named Mayank Jain as its CEO, starting October 1, 2026, who arrives at the property platform from CarDekho Group, where he held the position of CEO of Auto Classifieds for more than five years.
While at CarDekho, Jain spearheaded the business's transformation and growth, creating a lucrative platform centered around artificial intelligence and facilitating its expansion into new global markets.
Jain possesses an MBA from INSEAD, a PGDM from the Management Development Institute (MDI) in Gurgaon, along with a Computer Engineering degree. He is acknowledged as one of IMPACT’s 40 Under 40 and acts as guest faculty at the Centre for Entrepreneurship at Ashoka University.
Located at Magicbricks' Noida office, Jain will report to N. Subramanian, Executive Director and Group CEO of The Times Group.
His appointment occurs as Magicbricks aims to enhance its technology-driven growth strategy, leveraging his leadership experience across various industries and his proficiency in business transformation.
Prior to joining CarDekho Group, Jain was the CEO of the Hindi News cluster at Network18, managing a portfolio of seven news channels, which included News18 India. He has similarly occupied leadership roles at Disney Star, BT Group, Samsung, and HT Media.
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His expertise covers sales, marketing, product development, strategy, and P&L oversight, emphasizing revenue enhancement, operational efficiency, and digital innovation.
At Magicbricks, Jain will concentrate on propelling the company's upcoming growth phase by utilizing its digital strengths, fostering technology-driven innovation, and enhancing its consumer-focused strategy. His focus will be on business transformation, enhancing operational and financial performance, and strengthening the platform’s standing in India’s changing real estate market.
Earlier, Magicbricks announced that it is collaborating with the School of Planning and Architecture, New Delhi (SPA Delhi), to conduct research on India’s real estate and urban development scene. The partnership will create collaborative research reports, thematic white papers, and studies focusing on housing and urban trends over the course of a year.
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The collaboration seeks to merge Magicbricks’ consumer demand insights with SPA Delhi’s academic and spatial planning models. Results will be shared through seminars, roundtables, and public discussions. Prasun Kumar, Chief Marketing Officer at Magicbricks, stated that the firm exists at the crossroads of data and decision-making in real estate, emphasizing that data alone doesn't create cities, but context does.
He mentioned that the collaboration with SPA Delhi aimed to enhance the insights with academic and planning depth, enabling the industry to transition from scattered signals to intelligence prepared for the future.
Collaborative teams from both organizations will pinpoint research topics, making certain that results are based on current market trends and principles of long-term planning.
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The one-year program will adopt a continuous knowledge series approach, concentrating on housing and urban development. The results are anticipated to aid discussions on urban planning and development in India, as well as assist in decision-making for developers, policymakers, and homebuyers.