He is the former CEO of Myntra and Jabong and ex McKinsey Senior Partner.
The Board of Directors at Medlife, have announced that Ananth Narayanan (former CEO of Myntra and Jabong and ex McKinsey Senior Partner) would be joining the company as Co-Founder and CEO. In this capacity, Ananth will be responsible for driving the next S curve of growth, continue to strengthen the team, lead M&A’s, and help formulate strategy around new areas of growth. He will also be joining the Medlife Board of Directors.
Speaking about this, Tushar Kumar and Mr. Prashant Singh, Founders, Medlife, said, “We are very excited to have Ananth partner with us in this journey. We look forward to working together to scale Medlife rapidly going forward. We are at a stage where we have to build this from a $200 million business to a $2 billion plus business over the next 5 years and Ananth in his previous stint has done just that.”
Adding his comments, Ananth Narayanan, Co-Founder and CEO, Medlife said “Technology can play a disruptive role in making healthcare simple, personal, and accessible to all Indians. Medlife has built a terrific business and a great team. I look forward to working with them and with Prashant and Tushar to continue to scale the business.”
This announcement comes on the heel of Medlife announcing the acquisition of Myra Medicines, India’s only express pharmacy delivery service. Post this acquisition Medlife now controls largest share of the e-pharmacy market, a space that is on way to become the next big disruptor after the food delivery service.
Ananth Narayanan is the former Chief Executive Officer of Myntra. He led Myntra's aspiration to transform how people shop for fashion online and also focused on building category-leading fashion brands. Featured as one of ‘India's Hottest 40 under 40 Business Leaders’ in 2014, Ananth has deep expertise in driving performance improvement and has a particular passion for product development.
Prior to joining Myntra, Ananth was a Director at Mckinsey & Company and worked with the firm for 15 years across four offices (Chicago, Shanghai, Taipei and Chennai). His role entailed leading the Product Development practice in Asia and working with companies on strategy, operations and organisation. He has successfully helped companies streamline operations and supply, improve product development, develop strategies, business plans and organisational models.
Ananth has a Bachelor degree in Engineering from University of Madras and a Masters from the University of Michigan, in Industrial Engineering and Operations Research. He is on the Industry Advisory Board of University of Michigan’s Tauber Institute.