Info Edge CEO Oberoi Exits; Founder Bikhchandani to Take Over
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Info Edge (India), the company behind Naukri.com, will change its chief executive. Managing Director and CEO Hitesh Oberoi leaves his full-time executive role at the close of business on December 2, 2026, after nearly 27 years with the company.
The board approved the change at its meeting on October 28. Oberoi had submitted a resignation letter dated October 27.
Founder and Vice Chairman Sanjeev Bikhchandani will become Executive Vice Chairman, Managing Director and Group CEO from December 3. The appointment is subject to shareholder approval. It runs until April 26, 2031, in line with his current term, which shareholders approved on August 25, 2025.
Oberoi stays on the board
Oberoi is to remain a Non-Executive, Non-Independent Director from December 3, again provided shareholders agree. Info Edge said that keeping the relationship would let the board draw on his knowledge of the businesses.
He has served as MD and CEO for more than 16 years. In his letter he gave his reasons: he wants to spend more time on higher education, entrepreneurship, investing, institution building and philanthropy, and with his family.
Oberoi wrote that he had considered stepping back for some time. He wanted to be sure the key businesses and the leadership team were ready for the next phase first. He pointed to senior executives with more than 20 years at Info Edge and a younger group ready for more responsibility.
The company's press release says its market capitalisation grew from about ₹2,500 crore to about ₹80,000 crore during his 16 years as CEO. Its portfolio includes Naukri.com, 99acres, Jeevansathi, Shiksha and Jobhai.
In the letter, Oberoi said Naukri had developed an AI and data strategy for its next phase of growth. He described 99acres as a market leader and a cash-generating business. Jeevansathi and Aisle, he said, were profitable and gaining market share, and Jobhai had built a monetisation engine.
Source: Storyboard18