India, Feb. 18 -- After helming Times Internet-owned proptech venture MagicBricks (MB) for over 15 years, its CEO Sudhir Pai has tendered his resignation, Inc42 has learnt.

"The last 15 years at MB have been frenetic and I've never had time to think for myself; I intend to reflect/recalibrate as I determine what to commit to for the next 10-15 years. There's been no better time to do this than now when the company is at a stable juncture with a full LT team onboard and a strong organisation wide talent pool," Pai told employees in an internal email.

Inc42 has accessed the email sent by Pai.

Pai declined to comment on Inc42's queries on his resignation, while MagicBricks didn't respond to an email questionnaire. The story will be update...