Info Edge’s recruitment platform Naukri reported Rs 60 crore in AI-generated revenue in Q2 FY27, reflecting a strong adoption of its AI services and an annualized revenue run rate of Rs 240 crore. This milestone coincides with the impending departure of CEO Hitesh Oberoi after 27 years with the company.
- Naukri’s AI revenue reached Rs 60 crore in Q2 FY27, annualizing at Rs 240 crore
- AI products contribute a high-single-digit percentage of recruitment business revenue
- JobHai platform eyes 100% growth with long-term potential in blue-collar hiring
What happened
In Q2 FY27, Naukri generated Rs 60 crore from AI-driven recruitment products and services, leading to an annualized revenue run rate of Rs 240 crore. This marks a significant revenue stream for Info Edge's recruitment vertical, which also includes other platforms like Coding Ninjas and JobHai. Managing Director and CEO Hitesh Oberoi announced these results shortly before stepping down after 27 years with the company.
Naukri’s AI offerings include AI REX, an AI talent-sourcing platform for recruiters, priced at Rs 2,500–3,500 annually, and AI-powered tools for job seekers such as mock interviews and resume-building services. Roughly 2,000 recruiter accounts are trialing AI REX, indicating growing interest. Info Edge has about 150,000 total clients, with 40,000 large clients that provide the main pool for scaling AI adoption.
Why it matters
Info Edge’s integration of AI products is creating new revenue channels rather than cannibalizing existing ones, positioning the company at a market-creating phase comparable to its early 2000s internet growth. AI revenue now forms a meaningful share of the recruitment business, signaling the increasing monetization of AI capabilities in India’s online hiring industry.
The company’s extensive client base and profile database, including 120 million profiles updated daily, provide a strong competitive advantage in scaling AI solutions. This infrastructure supports deeper adoption of AI products that enhance recruiter efficiency and job seeker engagement. Higher spending by AI product users (10–15% more) reinforces AI’s role in driving business growth.
What to watch next
Info Edge plans to focus on driving adoption and upselling of AI products over the next two years, aiming to expand usage among large clients. Tracking uptake of AI REX and other offerings within the 40,000 largest clients will provide key insights into growth sustainability.
Meanwhile, Info Edge’s gig and blue-collar recruitment platform JobHai is ramping up, with 86% year-on-year growth in billings and ambitions to double revenue this year. While still a smaller and longer-term bet, JobHai aims to capture significant market share in an expanding segment, potentially mirroring success seen by China’s Kanzhun in the years ahead.