Info Edge's Oberoi Steps Down After 16 Years as CEO; Bikhchandani Takes Over December 3

Info Edge, the listed parent of Naukri.com and 99acres, said in a regulatory filing on October 27, 2026 that Hitesh Oberoi will step down as managing director and CEO at the close of business on December 2. Founder Sanjeev Bikhchandani becomes executive vice chairman, managing director and group CEO the next day, Entrackr reported.

Bikhchandani's appointment needs shareholder approval and runs to April 26, 2031, matching his existing term. Oberoi, who had been MD and CEO for over 16 years and with the company for nearly 27, stays on the board as a non-executive, non-independent director, also subject to approval.

Why Oberoi says he is leaving

In his resignation letter Oberoi cited more time for higher education, entrepreneurship, investing, philanthropy and family. Inc42 reported that he joined in 2000 as chief operating officer and director, and that the company says its market capitalisation grew from about ₹2,500 crore to ₹80,000 crore on his watch. That is a 32-fold increase on the company's own numbers.

The company credits him with Naukri's AI and data strategy, 99acres turning cash-generating, and Jeevansathi and Aisle turning profitable.

What Bikhchandani said about the handover

The sentence that tells you most about how settled this is comes from Bikhchandani: Inc42 reports he said "I'm 63 years old. So, I cannot continue for 20 years." He said Info Edge has not decided how to structure top management or whether to add leaders, and that he will consult Oberoi, the nomination and remuneration committee and senior employees. Giving internal people a chance to grow is the first priority, he said.

The board has not discussed whether the appointment is an interim step before an external hire, according to Inc42. The market priced the news mildly: the stock closed 1.23% lower at ₹1,205 on the BSE.

The quarter that came with it

The results were published alongside the filing. Info Edge's Q2 FY27 consolidated net profit rose 87% to ₹649.8 crore from ₹347.5 crore. Revenue from operations grew only 12.2% to ₹903.9 crore, so the profit headline is not an operating story.

Q2 FY27 line	Q2 FY27	Q2 FY26
Revenue from operations	₹903.9 crore	not stated (+12.2%)
Other income	₹428.4 crore	₹161.8 crore
Total income	₹1,332.3 crore	₹967.2 crore
Net profit	₹649.8 crore	₹347.5 crore

Other income rose ₹266.6 crore, against a ₹302.3 crore rise in net profit. Before tax effects, close to nine-tenths of the profit increase comes from other income, and neither source breaks that line down. The board declared a ₹3 interim dividend with a November 6, 2026 record date, and approved selling its stakes in MedCords and Unnati Online for about ₹5,000 each.

For Indian-startup context on what founders and secondary buyers are doing, see our reports on Live2 AI's ₹130 crore IvyCap secondary and Simplismart's $14 million Series B.

What to watch next

The shareholder vote on Bikhchandani's reappointment and Oberoi's board seat is the first confirming event, and December 3 is the effective date. Whether a separate operating CEO is named under Bikhchandani is the question the board has said it has not answered.