Info Edge, parent company of Naukri, has appointed founder Sanjeev Bikhchandani as executive vice chairman, managing director, and group CEO effective December 3, 2026. The move follows Hitesh Oberoi’s decision to step down after nearly 27 years in an executive role to focus on other ventures and family.
- Sanjeev Bikhchandani to become Info Edge CEO from December 3, 2026
- Hitesh Oberoi steps down to focus on education, entrepreneurship and philanthropy
- Info Edge posts 87% net profit growth in Q2 FY27
What happened
Info Edge, the Indian internet company known for its flagship portal Naukri, announced that its founder and vice chairman Sanjeev Bikhchandani will take over as executive vice chairman, managing director, and group CEO starting December 3, 2026. He will succeed Hitesh Oberoi, who is stepping down from his executive roles after nearly 27 years with the company.
Oberoi has decided to resign as managing director and CEO to devote more time to his interests in education, entrepreneurship, institution building, investing, and philanthropy as well as personal commitments. After December 2, Oberoi will continue his association with Info Edge as a non-executive, non-independent director.
Why it matters
This leadership change marks a significant transition for Info Edge, a key player in India’s online recruitment and technology space, as it brings the company’s founder back into the primary executive role. Bikhchandani’s return could signal renewed strategic direction leveraging his deep industry experience and vision.
The timing coincides with Info Edge’s strong financial performance in Q2 FY27, where consolidated net profit jumped 87% year-over-year to ₹649.8 crore. Growth in revenues and a substantial rise in other income underscore the company’s robust business momentum heading into the next phase under new leadership.
What to watch next
Market observers will look for how Bikhchandani steers Info Edge’s growth and strategic initiatives, particularly in competitive online classifieds, job portal, and emerging investments segments. His leadership style and vision will be closely watched to see how they impact innovation, expansion, and profitability.
Meanwhile, Oberoi’s ongoing role as a non-executive director may influence long-term governance and strategic counsel. Additionally, the company’s forthcoming quarterly reports and operational updates will provide early indicators of the leadership transition’s impact on Info Edge’s business trajectory.