Info Edge’s board has approved Sanjeev Bikhchandani’s appointment as executive vice‑chairman, managing director and group CEO, effective Dec 3, subject to shareholder approval. Hitesh Oberoi, who has steered the company for nearly 27 years and served 16 of those as MD and CEO, will leave his full‑time role on Dec 2 and remain on the board as a non‑executive director, also pending shareholder consent.
Oberoi’s tenure saw the transformation of Naukri.com from a niche job portal into a multinational talent marketplace, expanding into India’s gig economy and launching platforms like 99acres and MagicBricks. His decision to step down follows a board‑led strategy review aimed at consolidating leadership and accelerating growth.
Bikhchandani returned to the helm in 2007, steering the company through early IPO and multiple acquisitions. Analysts say his experience could reinvigorate the company’s product roadmap, especially in its e‑commerce and fintech ventures. For users, this change might mean tighter integration of job listings with financial services, potentially easing access to credit for small businesses using Info Edge’s platforms.
The formal transition hinges on shareholder approval at the upcoming AGM on Feb 15, 2027. The board will present a detailed governance plan and financial forecasts, giving investors a clear picture of the expected impact on stock performance and long‑term strategy. The decision will signal the company’s readiness to navigate India’s evolving digital economy.