Myntra CEO Nandita Sinha is set to step down from her role in the coming weeks after more than a decade with Flipkart, according to a Moneycontrol report. The development comes ahead of Flipkart’s planned IPO later this year. Sharon Pais, currently leading Flipkart Fashion, is likely to succeed her, marking a key leadership transition within one of India’s largest fashion e-commerce businesses.
Key Takeaways: Myntra CEO Exit and Sharon Pais Leadership Transition
- Nandita Sinha is expected to step down in the coming weeks after over a decade at Flipkart
- Sharon Pais is likely to replace her as Myntra CEO
- The move comes ahead of Flipkart’s planned IPO within the next 12–15 months
- Myntra turned profitable in FY24 and reported strong growth in FY25
- Leadership changes continue across Flipkart and Myntra, including CFO-level exits
- Myntra remains a key player in India’s $21 billion online fashion market
Leadership Transition at Myntra Ahead of IPO Plans
Nandita Sinha is set to step down from her role as CEO of Myntra in the coming weeks, according to a report by Moneycontrol. Her departure comes at a time when Flipkart is preparing for a public listing expected within the next 12 to 15 months.
Responding to queries from ET, Flipkart stated, “We don’t comment on market speculation.” Messages sent to Sinha went unanswered.
Sinha’s next move has not yet been disclosed.
Sharon Pais Likely to Take Over Leadership Role
Following Sinha’s expected exit, Sharon Pais is likely to take over as CEO of Myntra, according to the report. Pais currently serves as the head of Flipkart Fashion and has been with the company for more than seven years.
She previously held the position of chief business officer (CBO) at Myntra for around four years until November 2025. Pais joined the Walmart-owned e-commerce group in 2013 and has led multiple categories, including:
- Books
- General merchandise
- Home furnishing
- Travel vertical
- Loyalty programme
Before joining Flipkart, she worked at Procter & Gamble in managerial roles.
Pais is now expected to return to Myntra in a leadership capacity.
Nandita Sinha’s Tenure and Strategic Contributions
Nandita Sinha began her career at Flipkart around 13 years ago as an associate director. Over the years, she contributed to several business segments, including:
- Furniture
- Customer engagement
- Health and beauty
- Lifestyle accessories and books
She also led customer acquisition and growth initiatives and headed the team driving Flipkart’s flagship Big Billion Days sales between 2019 and 2022.
Sinha was appointed CEO of Myntra in 2022, succeeding Amar Nagaram. Nagaram had taken over from Ananth Narayanan in 2019, who was appointed after founder Mukesh Bansal moved to a broader role at Flipkart following the company’s acquisition in 2014.
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During her tenure, Sinha led strategic resets at Myntra, focusing on:
- Strengthening its wide assortment
- Building a curated, premium-led proposition
- Retaining appeal among mass-affluent consumers
She was also given additional responsibility to lead Flipkart Fashion.
Financial Growth and Profitability Milestones
Under Sinha’s leadership, Myntra achieved significant financial milestones. The company turned net profitable in FY24, becoming the only profitable unit within the Flipkart group.
Financial Performance Overview
| Financial Metric | FY24 | FY25 |
| Profitability | Net profitable | Continued growth |
| Revenue | — | ₹6,043 crore (+18%) |
| Net Profit | — | ₹548 crore (18-fold increase) |
In FY25, Myntra reported:
- 18% growth in revenue to ₹6,043 crore
- An 18-fold surge in net profit to ₹548 crore
The company also expanded internationally with a launch in Singapore and strengthened its quick commerce segment through M-Now.
Myntra’s Market Position and Competitive Landscape
Myntra continues to hold a strong position in India’s online fashion market. The platform competes with:
- Amazon Fashion
- Reliance’s AJIO
- Nykaa Fashion
- Meesho
Through Myntra and Flipkart Fashion, Walmart controls about 50% of India’s $21 billion fashion market, according to the report.
To maintain its dominance, Myntra has introduced initiatives such as:
- Myntra Rising Stars programme (launched in July 2023)
- Support for small-scale brands through onboarding and marketing
The company is also following industry trends, including commission-free models introduced by Meesho. Flipkart rolled out a similar structure in November 2025 for products priced below ₹1,000.
Leadership Changes Across Flipkart Group
Sinha’s departure adds to a series of leadership changes within the Flipkart group.
Recent developments include:
- Abhishek Gupta stepping down in January to join Livspace
- Kannan Ganesan replacing him after serving as a vice president at Flipkart
- Sriram Venkatraman resigning and expected to relinquish duties in the coming months
These changes come as Flipkart prepares for its public listing, reflecting ongoing restructuring at senior levels.
A Defining Phase for Myntra and Flipkart
The expected transition from Nandita Sinha to Sharon Pais marks a significant moment for Myntra and its parent Flipkart.
With profitability achieved and growth sustained, Myntra remains central to Flipkart’s business strategy. As the company moves closer to its planned IPO, leadership continuity and operational stability are likely to remain key priorities.
Leadership Change and Deeper Purpose
Leadership transitions in organisations often reflect shifts in responsibility, timing, and direction. While business decisions are driven by strategy and growth, spiritual understanding highlights the importance of purpose and clarity in every role.
According to the teachings of Tatvdarshi Saint Rampal Ji Maharaj, true success lies in performing one’s duties with right Knowledge and awareness of life’s ultimate goal. Such perspective encourages individuals to approach change with balance and responsibility, without attachment or uncertainty.
For more information visit our
Website:www.jagatgururampalji.org
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FAQs on Myntra CEO Exit and Sharon Pais
1. Who is Sharon Pais?
Sharon Pais is the head of Flipkart Fashion and a senior executive with over seven years at Flipkart.
2. Why is Nandita Sinha stepping down?
Her departure is reported ahead of Flipkart’s planned IPO, though her next move is not yet known.
3. When will Sinha leave Myntra?
She is expected to step down in the coming weeks.
4. What are Myntra’s recent financial results?
In FY25, revenue rose to ₹6,043 crore and net profit reached ₹548 crore.
5. Who will replace Nandita Sinha?
Sharon Pais is likely to take over as CEO, according to reports.
