Explore Myntra’s Ownership, Founder, CEO and Net Worth

Myntra is one of India’s most popular online fashion platforms. From selling customized gifts to becoming a fashion giant, Myntra has come a long way. In this article, we will explore who owns Myntra, how it started, who founded it, its leadership, and its financial position in simple and easy language.

Ownership of Myntra in 2026

As of 2026, Myntra is not an independent company. It is fully owned by:

• Flipkart (Immediate parent company)
• Walmart (Ultimate owner)

Simple Ownership Structure:

• Myntra → owned by Flipkart
• Flipkart → majority owned by Walmart

So, we can say that Walmart is the ultimate owner of Myntra.

Myntra operates under a structure called FK Myntra Holdings, which is based in Singapore. Even though it is owned by Flipkart, Myntra still runs as an independent fashion brand and continues to receive funding from its parent company.

How and When Was Myntra Formed?

Myntra was founded in 2007 in Bengaluru, India.

Initial Business Idea:

At the beginning, Myntra was not a fashion website. It was a platform where people could:

• Design their own T-shirts
• Customize mugs, keychains, and gifts
• Order personalized products

Key Growth Phases:

2007–2010:

• Focused on customized products
• Operated mainly as a B2B startup

2010–2011:

• Shifted to selling fashion and lifestyle products
• Started offering branded clothes, shoes, and accessories

2012 onwards:

• Became a major online fashion marketplace
• Added hundreds of Indian and international brands

This shift from “custom gifts” to “fashion e-commerce” made Myntra what it is today.

Who Founded Myntra?

Myntra was co-founded by three entrepreneurs:

• Mukesh Bansal
• Ashutosh Lawania
• Vineet Saxena

They started the company in 2007 with an initial investment of around ₹50 lakh.

About Mukesh Bansal:

• He became the face of Myntra and later its CEO
• After Myntra was acquired, he joined Flipkart’s leadership
• In 2016, he left and founded CureFit (now known as Cult.fit)

Who is the CEO of Myntra in 2026?

As of 2025–2026, Myntra does not have a single publicly highlighted CEO like traditional startups.

How Leadership Works:

• Myntra operates as a business unit of Flipkart
• Leadership is handled by:
  • Flipkart’s top executives
  • Myntra’s internal management team (fashion, tech, operations heads)

In simple words:
Myntra is managed by Flipkart’s leadership team rather than one separate CEO.

Myntra Net Worth and Financial Position (2025–26)

Myntra does not officially declare a fixed “net worth” like listed companies. Instead, its value is understood through revenue and profit.

Latest Financial Data (FY25):

• Operating Revenue: Around ₹6,043 crore
• Net Profit: Around ₹548 crore
• Profit increased significantly from ₹31 crore in FY24

This strong growth shows that Myntra has become a profitable and stable business.

Important Note:

• Myntra is not separately listed
• Its value is included within Flipkart’s total valuation
• Experts estimate its value to be in the multi-billion-dollar range

In simple terms:
Myntra is a large and profitable fashion platform earning thousands of crores every year.

Final Words

Myntra’s journey is a great example of how a startup can grow by adapting to market needs.

• Started in 2007 as a custom gift platform
• Transformed into a leading fashion e-commerce company
• Now owned by Flipkart and ultimately Walmart
• Generates ₹6,000+ crore revenue with strong profits

Today, Myntra stands as one of India’s top fashion platforms, combining strong ownership, smart strategy, and continuous growth.