AJIO vs Myntra: Founders, CEOs and History
AJIO was founded in 2016 and is led by Sandeep Karwa. Myntra was founded in 2007 by Mukesh Bansal, Ashutosh Lawania, Vineet Saxena and is led by Sharon Pais.
Company facts
Founders
Myntra
Mukesh Bansal
Mukesh Bansal is a highly visionary Indian technology entrepreneur and the profoundly influential CEO and co-founder fundamentally responsible for architecting the massively dominant Myntra fashion e-commerce empire.
Ashutosh Lawania
Ashutosh Lawania is a fiercely brilliant software engineer and the profoundly influential operational co-founder fundamentally responsible for the incredibly robust supply chain and early digital logistics of the massive Myntra fashion platform.
Vineet Saxena
Vineet Saxena is a highly dynamic technology executive and the profoundly influential technical co-founder fundamentally responsible for programming the absolute structural bedrock of the massive Myntra e-commerce platform.
CEOs and their tenures
AJIO
- Vineeth Nair2023–2026
Chief Executive Officer, AJIO
Public AJIO releases identified Nair as CEO by 2023. During his documented tenure, AJIO launched AJIOGRAM, added ASOS and H&M, and introduced AJIO Rush.
Source - Sandeep Karwa2026–present
Chief Executive Officer, AJIO and online fashion platforms
Reliance Retail appointed Karwa in May 2026 to lead AJIO and its other online fashion and lifestyle platforms.
Source
Myntra
- Mukesh Bansal2007–2015
Co-founder & Former CEO
Co-founded Myntra, led the pivot to fashion and the 2014 sale to Flipkart; later co-founded Cure.fit.
Source - Nandita Sinha2022–2026
Former Chief Executive Officer
Led Myntra from 2022 to 2026, taking it to its first profit in FY24 and ~$63.6 million (₹548 crore) net profit in FY25; joined Swiggy Instamart as CEO in August 2026.
Source - Sharon Pais2026–present
Head / Chief Executive of Myntra
Former Myntra chief business officer (about four years) and head of Flipkart Fashion; took charge in April 2026 with M-Now quick fashion delivery, brand expansion and AI-led discovery as priorities.
Source - Kannan Ganesan2026–present
Chief Financial Officer
Former Flipkart vice president who replaced Abhishek Gupta as CFO in early 2026.
Source
Timeline: AJIO and Myntra side by side
2007Myntra
Myntra Founded in Bengaluru
Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena launched Myntra as a personalized gifts site.
2011Myntra
The Historic Pivot to Pure-Play Fashion E-Commerce
Pivoted from personalized gifts to fashion apparel, onboarding top global and Indian brands.
2012Myntra
Launch of In-House Private Label 'Roadster'
Introduced Roadster, which became one of Myntra's largest in-house casualwear labels.
2014Myntra
Acquired by Flipkart
Flipkart acquired Myntra in a deal valued at about ₹2,000 crore (roughly $330 million).
2016AJIO
AJIO Previewed at Lakme Fashion Week
Reliance launched AJIO with a collection preview and the 'Doubt is Out' campaign at Lakme Fashion Week in Mumbai.
2018Myntra
Walmart Acquires Flipkart Group for $16 Billion
Walmart acquired controlling stake in Flipkart, providing global retail supply chain backing.
2022AJIO
AJIO Luxe Carried Tod's
A Reliance Brands release identified AJIO Luxe as one of the Indian retail channels already carrying Tod's products.
2022Myntra
Nandita Sinha Appointed Chief Executive Officer
Former Flipkart executive Nandita Sinha became CEO; Myntra turned profitable in FY24 under her leadership.
2023AJIO
Big Bold Sale Order Volume Increased
AJIO said its summer Big Bold Sale offered 1.3 million styles and order volume rose 40% from the previous summer edition.
2023AJIO
AJIOGRAM Launched
AJIO launched AJIOGRAM as a content-led interactive commerce storefront for homegrown D2C brands within its app.
2023Myntra
Launch of Myntra FWD (Gen Z Fast Fashion Hub)
Unveiled dedicated trend-first fashion portal with weekly micro-drops and creator styling.
2024AJIO
ASOS Entered India on AJIO
ASOS launched in India on AJIO with more than 3,000 options across several ASOS brands.
2024AJIO
H&M Added to AJIO
AJIO announced H&M on its platform with a collection of more than 10,000 styles across apparel, childrenswear and home decor.
2025AJIO
AJIO Rush Launched
Reliance introduced the four-hour AJIO Rush service in six cities with more than 130,000 product options during the first quarter of FY2025-26.
2025Myntra
Net Profit Reaches ₹548 Crore
FY25 operating revenue rose 18% to ~$701 million (₹6,043 crore) and net profit jumped about 18-fold to ~$63.6 million (₹548 crore).
2026AJIO
AJIO Rush Expanded
Reliance Retail's FY2025-26 annual report said AJIO Rush expanded to additional markets and AJIO maintained growth momentum.
2026AJIO
Sandeep Karwa Named CEO
ETRetail reported that Reliance Retail appointed Sandeep Karwa to lead AJIO and other online fashion platforms as CEO.
2026Myntra
Sharon Pais Takes Over From Nandita Sinha
Sharon Pais was named head of Myntra in April 2026; Sinha later became CEO of Swiggy Instamart from 3 August 2026.
Acquisitions
AJIO
No verified acquisitions are listed.
Myntra
- Witworks2018Undisclosed
- Pretr Online Services Pvt2018Undisclosed
- Jabong.com2016$70M
- Cubeit2016Undisclosed
- Native52015Undisclosed
Questions about AJIO vs Myntra
Who is the CEO of AJIO and Myntra?
AJIO is led by Sandeep Karwa and Myntra is led by Sharon Pais. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was AJIO founded vs Myntra?
Myntra was founded in 2007 — 9 years before AJIO, which was founded in 2016. Myntra's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger AJIO.
How many employees does AJIO have compared to Myntra?
Myntra employs approximately 5,500 people. A verified employee count for AJIO is not currently available.
Where are AJIO and Myntra headquartered?
Both AJIO and Myntra are headquartered in India, meaning they operate under the same primary regulatory and tax environment.
Who founded AJIO and Myntra?
Myntra was founded by Mukesh Bansal, Ashutosh Lawania, Vineet Saxena. Founder information for AJIO is not available in our dataset.
Which company has a longer operating history — AJIO or Myntra?
Myntra has been operating for approximately 19 years, making it the more established of the two companies. AJIO has been in operation for around 10 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the AJIO vs Myntra overview