Sanjeev Bikhchandani to Lead Info Edge as Executive Vice Chairman
Co-founder Bikhchandani assumes group CEO role following Hitesh Oberoi's departure after 27 years.
1Leadership Transition at Info Edge
Info Edge announced a significant leadership change on October 28, confirming that co-founder Sanjeev Bikhchandani will assume the roles of executive vice chairman, managing director, and group CEO. This transition is scheduled to take effect on December 3, 2026, marking a major shift in the company's long-term operational management structure.
2Oberoi Concludes Long Tenure
Hitesh Oberoi is stepping down from his full-time operating role after serving the company for nearly 27 years. His departure from the CEO position is set for the close of business on December 2. Following this, he will transition to a non-executive, non-independent director role on the company board.
3Bikhchandani's Strategic Appointment Term
The appointment of Sanjeev Bikhchandani as the new group CEO and managing director is slated to run until April 26, 2031. This timeline is co-terminus with his existing term as a director. The finalization of this leadership appointment remains subject to necessary approval from the company's shareholders in the coming period.
4Diverse Portfolio of Operations
Info Edge maintains a broad portfolio of internet businesses across multiple sectors including recruitment, real estate, matrimony, and education. Key brands under its umbrella include Naukri.com, 99acres, Jeevansathi, and Shiksha. These platforms cater to diverse user needs ranging from job seekers and property buyers to students researching various academic options.
5Oberoi's Future Professional Focus
After nearly three decades of service, Hitesh Oberoi decided to step down after careful consideration. He plans to dedicate his future time to entrepreneurship, institution building, philanthropy, and education. Additionally, he intends to focus on personal investing activities and spending more time with his family following his exit from operations.
6Board Recognition of Contributions
The board of directors formally acknowledged Hitesh Oberoi's extensive contributions to the company. They specifically credited him with helping to build and strengthen the firm's various business units and its leadership team over his 27-year tenure. His continued presence on the board is expected to provide some continuity during this transition.
7Regulatory Filing and Process
The formal approval for these leadership changes occurred during a board meeting held on October 28. According to the official regulatory filing, the meeting commenced at 10:30 am and concluded at 1:45 pm. This process ensures that the transition adheres to corporate governance standards and transparency requirements for all company stakeholders.
8Strategic Continuity and Outlook
As Sanjeev Bikhchandani takes the helm, the company prepares for a new chapter in its corporate history. By leveraging his background as a co-founder, the firm aims to maintain stability across its diverse digital assets. The market will observe how this leadership shift impacts the long-term growth trajectory of these platforms.