InfoEdge CEO, MD Hitesh Oberoi Steps Down
InfoEdge CEO & MD Hitesh Oberoi stepped down to pursue personal interest. Founder Sanjeev Bikhchandani will take over expanded role.
Info Edge CEO and managing director Hitesh Oberoi will step down from his full-time executive role on December 2, 2026, after nearly 27 years with the company. Founder and vice chairman Sanjeev Bikhchandani will take over as executive vice chairman, managing director and group CEO from December 3, subject to shareholders’ approval.
Oberoi will continue on the company’s Board as a non-executive, non-independent director from December 3, subject to shareholders’ approval. The Board has approved both leadership changes.
Oberoi spent more than 16 years as Info Edge’s MD and CEO. During his tenure, Naukri.com strengthened its position as India’s leading online recruitment platform. The company also built and scaled businesses such as 99acres, Jeevansathi, Shiksha and Jobhai. It also invested surplus cash in India’s startup ecosystem.
According to the official statement, Info Edge’s market capitalisation grew from approximately ₹2,500 crore to ₹80,000 crore during Oberoi’s 16 years as CEO. The company also developed leadership teams across its businesses, creating a foundation for its next phase of growth.
In a statement, Oberoi said he wanted to make more time for higher education, entrepreneurship, investing and his family. He described Info Edge as a defining part of his life and said he was proud of the institution and leadership team built during his tenure.
Oberoi said, “There were a few things I wanted to see through before stepping back. Today, Naukri has a clear AI and Data strategy which is playing out well and will help power its next phase of growth. 99acres has established strong market leadership over the last couple of years and is now a fast growing, robust cash generating business. Jeevansathi and Aisle continue to gain market share and are now profitable and Jobhai has built a credible monetisation engine and laid the foundations for a much larger business.”
He said the company’s senior leaders brought decades of experience, while a younger generation was ready to take on greater responsibility. Info Edge’s cash generation has also helped it become an investor in India’s startup ecosystem.
Oberoi said he would remain available to support the company after stepping down from his full-time role. He also thanked current and former Board members, colleagues and Bikhchandani for their partnership over more than 27 years.
Info Edge chairman Kapil Kapoor said Oberoi’s focus on execution and strategic direction had helped the company navigate competitive and macroeconomic cycles. Kapoor also credited him with building a strong leadership team and institution.
Kapoor said the company was prepared for the transition and welcomed Oberoi’s decision to remain on the Board. His experience and institutional knowledge would continue to be valuable, Kapoor added.
Bikhchandani said, “Hitesh and I have built Info Edge together for more than 27 years. He has been an extraordinary partner and much of what Info Edge is today reflects his leadership, judgement and the exceptional team he has built.”
Kapoor said Bikhchandani’s expanded role would bring a deep understanding of Info Edge’s businesses, culture and values. He also highlighted the founder’s role in shaping the company’s investment portfolio, which includes investments that have grown into independent listed companies.
The Board and management have placed on record their appreciation for Oberoi’s contribution over nearly 27 years. The company said it looked forward to his continued association as a Non-Executive, Non-Independent Director, subject to shareholders’ approval.