Real estate classifieds platform Magicbricks has appointed Mayank Jain as Chief Executive Officer (CEO), effective October 1, 2026. According to reports from Business Standard, Jain joins from CarDekho Group, where he served for over five years as CEO of Auto Classifieds. The appointment brings extensive digital and technology experience to the property platform's leadership team, with Jain bringing over two decades of leadership experience across digital, media, technology and consumer businesses. During his tenure at CarDekho Group, Jain led the business's transformation and entry into new international markets, building it into a profitable platform with artificial intelligence at its core. Jain will be based at Magicbricks' Noida office and will report to N Subramanian, Executive Director and Group CEO of The Times Group.
As reported by Business Standard, Jain will focus on accelerating the company's next phase of growth by leveraging digital capabilities, advancing technology-led innovation, and strengthening consumer-centric approach. His priorities include driving business transformation, improving operational and financial performance, and further reinforcing Magicbricks' position in India's evolving real estate ecosystem. At Magicbricks, he will be responsible for technology, business transformation, and operational and financial performance, drawing on his experience in sales, marketing, product, strategy and P&L management to drive revenue growth and operational excellence. His strategic focus will include strengthening technology-led innovation, improving operational and financial performance, and enhancing the consumer experience.
According to Business Standard, Jain holds an MBA from INSEAD, a PGDM from Management Development Institute (MDI), Gurgaon, and a degree in Computer Engineering. Before CarDekho Group, he was CEO of the Hindi News cluster at Network18, overseeing a portfolio of seven news channels, including News18 India. He has also held leadership positions at Disney Star, BT Group, Samsung and HT Media, spanning media, telecommunications and technology businesses. Jain has been recognised among IMPACT's 40 Under 40 and serves as guest faculty at the Centre for Entrepreneurship at Ashoka University. His career spans more than two decades across multiple sectors, providing diverse experience that will be valuable for Magicbricks' growth strategy.
As reported by Business Standard, Magicbricks currently maintains monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. The company has evolved into a full-stack service provider for all real estate needs, offering services including home loans, interiors, and expert advice. With 17-plus years of experience and deep research-based knowledge, Magicbricks also offers insight-driven platforms such as MBTV, India's leading online real estate YouTube channel, and other proprietary tools. These metrics position the platform as India's No.1 property site and the largest platform for buyers and sellers to connect in a transparent manner.
