Oberoi will continue his association with Info Edge as a Non-Executive, Non-Independent Director with effect from 3 December 2026.
The company’s board has approved the appointment of Sanjeev Bikhchandani, Founder and Vice Chairman of Info Edge, as Executive Vice Chairman, Managing Director and Group Chief Executive Officer, with effect from 3 December.
Over the last 27 years, Oberoi has played a central role in building the company into one of India’s leading consumer internet businesses. During his tenure as MD and CEO, Naukri.com strengthened its position as India’s leading online recruitment platform, while Info Edge built and scaled businesses including 99acres, Jeevansathi, Shiksha and Jobhai and invested its surplus cash in India’s startup ecosystem.
Over his 16 years as Chief Executive Officer, Info Edge’s market capitalisation grew from approximately Rs 2,500 crore to approximately Rs 80,000 crore. During this period, the Company also developed a broad leadership team across its businesses, creating a strong institutional foundation for the next phase of growth.
“It has not been an easy decision. Info Edge has been a defining part of my life, and I feel enormous gratitude and pride when I look back at what we have built together,” Oberoi said.
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.
“We have senior leaders who have been with Info Edge for over 20 years and understand our businesses deeply, alongside a younger generation of leaders who are ambitious and ready to take on greater responsibility. If there is one thing I am most proud of, it is the quality of our leadership team and the culture we have built. Our businesses generate substantial cash, allowing Info Edge to evolve into an important investor in, and supporter of, India’s startup ecosystem,” Oberoi said.
Oberoi said he wants to make more time for higher education, entrepreneurship, investing and his family.
“Together with Sanjeev, he helped build a company that achieved many firsts, including becoming the first Indian internet company to go public. Hitesh’s contribution, first as COO and subsequently as CEO, has been exceptional. His relentless focus on execution, and the ability to provide strategic direction through multiple competitive and macroeconomic cycles have been important drivers of Info Edge’s growth,” Kapil Kapoor, Chairman of Info Edge said.
Equally important, Hitesh has helped build a strong leadership team and institution for the future. We are confident that the Company is well prepared for this transition and the opportunities ahead, he added,
“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,” Sanjeev Bikhchandani said.
“I shall dearly miss Hitesh – a comrade in arms, a torchbearer for the Company and the Internet industry, a close friend and colleague, an exceptional business leader, an Amitabh Bachchan fan, a superb raconteur with a large pitara of stories and, above all, a wicked sense of humour,” he said.
