Myntra and Jabong CEO Ananth Narayanan steps down

Flipkart executive Amar Nagaram has been named as head of Myntra and Jabong, who will report to Flipkart Group CEO Kalyan Krishnamurthy

Ananth Narayanan, CEO of Flipkart-owned fashion e-tailers Myntra and Jabong, resigned from his position two months after Group CEO Binny Bansal exited from the firm.

In a statement, the company said Narayanan left Myntra to pursue external opportunities.

Flipkart executive Amar Nagaram has been named as head of Myntra and Jabong, who will report to Flipkart Group CEO Kalyan Krishnamurthy. He has been with the group for about 7 years.

“Ananth has played an important role in making Myntra and Jabong into a formidable player in the fashion e-commerce market and steering the company towards sustainable growth,” Myntra said in a statement.

“The strong bench strength and new leadership at Myntra and Jabong will allow the business to continue on its strong and sustainable growth trajectory,” the statement added.

Narayanan joined Myntra in 2015 as CEO, replacing Flipkart Founder Mukesh Bansal. Prior to joining Myntra, he worked at McKinsey for nearly 15 years, where he headed product development in Asia and the consulting firm’s automotive practice in India.