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Myntra well set on its path to growth and profitability with a strengthened leadership team

Myntra well set on its path to growth and profitability with a strengthened leadership team

New Delhi [India]: Myntra, the online fashion portal, announced that it has witnessed a 100 percent growth in the month of January with the highest ever revenues of over Rs 850 crores in a particular month. Its extensive selection, unique brand partnerships and the recent acquisition of Jabong have helped establish the company as the industry leader across technology, fashion and performance.

To continue to drive this growth, Myntra has strengthened its leadership team. The changes initiated are as follows:

• Gunjan Soni will head the Jabong business and will be responsible for driving it operationally through its next phase of growth. Gunjan has played a key role in firmly positioning brand Myntra as the leading destination for shopping fashion and lifestyle online. She is credited for building the ‘End of Reason Sale’ as the most iconic and sought after fashion sale event in India and growing the international brands business with over ten marquee brand additions last year. In her new role she will focus on setting the strategic direction for Jabong and drive growth and profitability for the business.

• Naresh Krishnaswamy has been elevated to the senior management team at Myntra and will continue to be responsible for the entire sales organisation and key initiatives to drive growth. Naresh joined as a Business Analyst and has grown through the ranks to his current position in the management team. In his five years with Myntra, he has played a key role in growing the business and devising innovative offerings such as major sale events, price reveal, and gamification to drive traffic to the platform. Naresh founded the sales team in 2012 and has grown it from a small team of four people to a full-fledged department in Myntra.

• Manpreet Ratia, as the Chief People Officer and Head for New initiatives, will take charge of Supply Chain and Consumer Experience. In his new role, Manpreet will be focused on ensuring that supply chain and fulfillment operating models are flexible and agile to meet existing and future customer demands by leveraging technology for breakthrough innovation.

“As we continue on our journey to build a long lasting and innovative fashion and lifestyle destination, we have made some strategic management changes to help drive continued growth. Gunjan, Manpreet and Naresh are successful leaders with diverse experiences and have played a vital role in growing Myntra from strength to strength,” said Ananth Narayanan, CEO, Myntra and Jabong. (ANI)