Brands
Sharon Pais appointed head of Myntra as Nandita Sinha exits Flipkart group
India’s largest fashion e-commerce platform has a new boss, and a reshuffle rippling across the group
BENGALURU: Myntra has a new leader. Sharon Pais, formerly chief business officer at Myntra and head of Flipkart Fashion, has been appointed head of Myntra effective April 13, succeeding Nandita Sinha, who is leaving the Flipkart group after nearly 13 years.
The change was confirmed in an internal memo from Kalyan Krishnamurthy, group chief executive of Flipkart. “Sharon Pais will lead Myntra and report to me, effective immediately. She has worked closely with the team over the years and understands the business well,” Krishnamurthy wrote. Sinha, who has led Myntra as chief executive since 2022, will stay on in an advisory capacity for the next few months to ensure continuity on key initiatives before her departure.
The reshuffle does not stop at Myntra. With Pais moving up, her former role heading Flipkart Fashion passes to Kapil Thirani, who until now ran the marketplace business. “Kapil Thirani will now lead Flipkart Fashion, reporting to Sakait Chaudhary. This is to ensure all our softline businesses are aligned together. We will initiate the process to identify a successor for the marketplace business,” Krishnamurthy’s note said. Thirani has been with Flipkart for over eight years.
The stakes are considerable. Bengaluru-based Myntra is India’s largest fashion e-commerce platform and one of the most profitable units within the Flipkart ecosystem, which is owned by Walmart. In FY25, Myntra posted revenue from operations of Rs 6,042.7 crore and a profit after tax of Rs 548.3 crore, comfortably ahead of rivals including Amazon Fashion, Reliance’s AJIO, Nykaa Fashion, and Meesho.
Pais inherits a business that is performing well. The question now is whether she can keep it that way in an increasingly crowded and combative market. Her record suggests she knows the terrain. The pressure to prove it starts immediately.
Brands
Funskool India crosses US$40 million turnover in FY 2025-26
Toy manufacturer posts steady growth despite global headwinds.
MUMBAI: Funskool India has played its cards well turning challenges into steady growth while keeping the fun alive in the toy business. The country’s leading toy manufacturer has reported a turnover of $40 million in FY 2025-26, demonstrating resilience in a difficult global environment. The company recorded an average growth of 14 per cent over the past two years, with exports growing at a healthy 19% year-on-year.
While domestic business grew at a modest single-digit pace, Funskool saw encouraging traction in key categories such as Fundough (dough) and Handycrafts (arts & crafts).
Funskool India Ltd. CEO K.A. Shabir said, “We successfully navigated the challenges posed by US tariffs last year and continued to grow both our export and domestic businesses. Given the ongoing geopolitical situation in West Asia, we are currently working with a moderate growth outlook of 12–15 per cent, with plans to revisit our targets after Q1 once the situation stabilises.”
He highlighted strengthened partnerships with global companies including Spin Master (Canada), Moose Toys (Australia), Melissa & Doug (USA), Asmodee (France), Learning Resources (USA), and Buffalo Games (USA). The expansion of the company’s Goa plant is progressing and is expected to be completed by the end of the current financial year.
Looking ahead, Funskool expects a significant shift in domestic growth momentum for FY 2026-27, driven by new categories such as friction vehicles under the brand “BlazeTrix”, remote-control cars under “VoltRush”, and the addition of popular licences like Paw Patrol.
In an industry where playtime never stops, Funskool has shown that even in turbulent times, a smart strategy and strong partnerships can keep the business ticking along nicely. As it gears up for the next financial year, the company appears well-positioned to build on its solid foundation and bring even more joy to children worldwide.
