November, 2, 2026. – Info Edge CEO Hitesh Oberoi will step down on December 2, 2026, after nearly 27 years with the company. Founder Sanjeev Bikhchandani is set to take over as executive vice chairman, managing director and group CEO from December 3, subject to shareholder approval.
Info Edge (India) Ltd., the parent company of Naukri.com, is preparing for a leadership transition as Hitesh Oberoi steps down from his role as managing director and chief executive after nearly 27 years with the business.
According to the company disclosure following its board meeting on October 28, 2026, Oberoi’s tenure as MD and CEO will end at the close of business on December 2. Founder Sanjeev Bikhchandani is scheduled to assume the role of executive vice chairman, managing director and group CEO from December 3, subject to shareholder approval.
The transition marks a significant change at one of India’s prominent internet businesses, with its founder returning to an executive leadership role after Oberoi spent more than 16 years as CEO.
Why Is Info Edge CEO Hitesh Oberoi Stepping Down?
Oberoi’s resignation letter, dated October 27, reportedly said he had decided it was time to step back after nearly 27 years at Info Edge, including more than 16 years as managing director and CEO.
He clarified that the move did not represent a complete departure from the company. Oberoi is expected to remain associated with Info Edge as a non-executive, non-independent director from December 3, subject to shareholder approval.
His stated priorities include spending more time on higher education, entrepreneurship, investing, institution building, philanthropy and family.
Oberoi joined Info Edge in 2000 as chief operating officer and director. Over the years, he became a key figure in the company’s growth, overseeing its expansion across recruitment, real estate, matrimony and other digital services.
Sanjeev Bikhchandani to Return as Info Edge Group CEO
Info Edge founder Sanjeev Bikhchandani will return to an executive leadership position, taking charge as executive vice chairman, managing director and group CEO from December 3, 2026.
Bikhchandani founded Info Edge and previously served as its CEO before handing the role to Oberoi in 2010. His return places the founder at the centre of the company’s next phase of growth.
His appointment is expected to run until April 26, 2031, in line with a previously shareholder-approved term, according to media reports. The expanded role remains subject to the applicable approval process.
Bikhchandani has also indicated that developing internal leadership talent will be a priority. The company’s next steps could therefore include giving existing executives greater responsibility while maintaining continuity across its business portfolio.
Info Edge Leadership Change: What It Means for the Business
The leadership transition comes as Info Edge continues to develop its portfolio of digital businesses.
Its flagship recruitment platform, Naukri.com, has been investing in artificial intelligence-driven products and revenue opportunities. Real estate platform 99acres operates in India’s competitive property listings market, while Jeevansathi and Aisle serve the matrimony and dating segments.
Jobhai, another business in the portfolio, has been developing its monetisation capabilities.
In his resignation letter, Oberoi reportedly pointed to progress across these businesses as part of the rationale for the timing of the handover. The company has positioned the transition as a leadership change at a stage when its businesses have developed further capabilities and opportunities.
The handover will also test how Info Edge balances founder-led strategic oversight with the management structures established during Oberoi’s long tenure.
Info Edge’s Growth During Hitesh Oberoi’s Tenure
Oberoi’s time as CEO coincided with a substantial increase in Info Edge’s market value. Storyboard18 reported that the company’s market capitalisation grew from approximately ₹2,500 crore to around ₹80,000 crore during his 16 years leading the business.
Info Edge built a broader digital portfolio around its recruitment platform, expanding into real estate, matrimony and other internet-based businesses. It has also made investments in emerging companies over the years.
The company’s next phase will involve sustaining growth across its core platforms while identifying new opportunities in areas such as artificial intelligence, digital services and online marketplaces.
Info Edge Q2 FY2027 Results: Profit Rises 87%
The leadership announcement coincided with Info Edge’s second-quarter results for the financial year 2027.
The company reported consolidated net profit of ₹649.8 crore for the quarter, an increase of 87% year-on-year. Revenue rose 12.2% to ₹903.9 crore, according to figures reported by Entrepreneur India.
The board also declared an interim dividend of ₹3 per share, with November 6, 2026, set as the record date, according to the report.
Info Edge shares reportedly fell 1.23% to ₹1,205 on the BSE following the announcement. The share-price movement reflects trading at the time of the report and should not, by itself, be interpreted as evidence of investor sentiment about the leadership transition.
What Happens Next at Info Edge?
The transition is scheduled to take effect in early December, with Bikhchandani set to assume the group CEO role on December 3 and Oberoi expected to move to a non-executive board position from the same date, subject to shareholder approval.
For investors and the broader technology industry, the key questions will be how the leadership change affects strategic priorities, internal succession, investments and the performance of Info Edge’s operating businesses.
Bikhchandani’s return brings the founder back into day-to-day leadership, while Oberoi’s continued board association could help preserve institutional knowledge accumulated over nearly three decades.
The transition marks the end of a long executive chapter for Oberoi and the beginning of a new phase for the Naukri.com parent company.
Frequently Asked Questions
When will Hitesh Oberoi step down as Info Edge CEO?
Hitesh Oberoi is scheduled to step down as managing director and CEO at the close of business on December 2, 2026.
Who will become the new Info Edge Group CEO?
Info Edge founder Sanjeev Bikhchandani is scheduled to become executive vice chairman, managing director and group CEO from December 3, 2026, subject to shareholder approval.
How long did Hitesh Oberoi work at Info Edge?
Oberoi spent nearly 27 years at Info Edge, including more than 16 years as managing director and CEO. He joined the company in 2000.
Will Hitesh Oberoi leave Info Edge completely?
No. According to the reported transition plan, Oberoi is expected to become a non-executive, non-independent director from December 3, subject to shareholder approval.
What businesses does Info Edge operate?
Info Edge operates or owns platforms including Naukri.com, 99acres, Jeevansathi and Shiksha, and has a portfolio of investments in other businesses.
How did Info Edge perform in Q2 FY2027?
According to reported figures, Info Edge recorded consolidated net profit of ₹649.8 crore, up 87% year-on-year, and revenue of ₹903.9 crore, up 12.2%.
ENN Takeaway: Hitesh Oberoi’s planned exit after nearly 27 years marks a major leadership transition at Info Edge. With founder Sanjeev Bikhchandani set to return as group CEO, the company’s next chapter will be closely watched by investors, employees and India’s technology sector.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.
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