Magicbricks Appoints Mayank Jain as CEO to Lead Its Next Growth Phase
Magicbricks has appointed Mayank Jain as its Chief Executive Officer, effective October 1, 2026. He joins the property platform after spending more than five years as CEO of Auto Classifieds at CarDekho Group.
Jain will work from Magicbricks’ Noida office. He will report to N Subramanian, Executive Director and Group CEO of The Times Group.
Mayank Jain’s Experience Across Industries
Mayank Jain has over 20 years of experience in digital businesses, media, technology and consumer services. He has held senior positions at several companies over the course of his career.
Before moving to Magicbricks, Jain headed the Auto Classifieds business at CarDekho Group. He was also the CEO of Network18’s Hindi News cluster. The role involved overseeing seven news channels, including News18 India.
Jain has also held positions at Disney Star, BT Group, Samsung and HT Media. He has worked in media, telecom and technology during his time at these companies.
Focus on Growth and Technology
At Magicbricks, Jain will work on the company’s growth plans. His responsibilities include business transformation and the use of technology to improve the platform. The company is also looking to strengthen its focus on consumers.
Improving business operations and financial performance will be another part of his role. Magicbricks plans to build on its existing digital capabilities as it continues to operate in India's real estate market.
Jain's previous roles cover both online property-related services and media businesses. At CarDekho Group, he led the Auto Classifieds business, while his position at Network18 involved managing a cluster of Hindi news channels.
His appointment brings a change in leadership at Magicbricks as the company continues to develop its digital platform. His experience across different businesses includes work in automotive classifieds, news media and technology.
Jain officially took charge on October 1, 2026. The appointment was reported later that month, bringing attention to the leadership change at one of India's real estate platforms.
