News ArticleInfo Edge Announces CEO Transition: Hitesh Oberoi Steps Down and Sanjeev Bikhchandani Takes Over as Executive Vice Chairman and Group CEO
Mr. Oberoi to become Non-Executive Director from December 3, 2026, after nearly 27 years with the company; Mr. Bikhchandani appointed subject to shareholder approval
Info Edge (India) Limited announced the stepping down of Mr. Hitesh Oberoi as Managing Director and CEO effective December 2, 2026. Mr. Oberoi will transition to Non-Executive Director role, while Mr. Sanjeev Bikhchandani will be appointed as Executive Vice Chairman, Managing Director and Group CEO from December 3, 2026, subject to shareholder approval.
Info Edge (India) Limited
Change in Management
Info Edge (India) Limited announced that Mr. Hitesh Oberoi will step down as Managing Director and CEO on December 2, 2026, after nearly 27 years, to pursue personal interests. Mr. Oberoi will be appointed Non-Executive Director from December 3, 2026, subject to shareholder approval. Concurrently, Mr. Sanjeev Bikhchandani will be appointed Executive Vice Chairman, Managing Director and Group CEO, effective December 3, 2026, also subject to shareholder approval.
Mr. Hitesh Oberoi decided to step down from his full-time executive role at Info Edge to spend more time on education, entrepreneurship, institution building, investing, philanthropy, and family. His resignation as Managing Director and CEO is effective from the close of business hours on December 2, 2026.
The Board expressed appreciation for Mr. Oberoi's contributions over nearly 27 years, including building the company's businesses and leadership team.
Following his resignation, Mr. Oberoi will continue with the company as an Additional Director in a Non-Executive, Non-Independent Promoter category role, liable to retire by rotation, from December 3, 2026, pending shareholder approval.
The Board also approved the appointment and re-designation of Mr. Sanjeev Bikhchandani as Executive Vice Chairman, Managing Director and Group Chief Executive Officer, effective December 3, 2026, for a term ending April 26, 2031, co-terminus with his existing term, subject to shareholders' approval.
Mr. Bikhchandani will not be liable to retire by rotation and will serve based on the terms of his appointment and applicable law.
Highlights
- Hitesh Oberoi resigns as Managing Director and CEO effective December 2, 2026, after nearly 27 years with Info Edge.
- Oberoi to take on Non-Executive Director role from December 3, 2026, pending shareholder approval.
- Sanjeev Bikhchandani appointed Executive Vice Chairman, Managing Director and Group CEO effective December 3, 2026.
- Bikhchandani's appointment is valid until April 26, 2031, subject to approval.
- Leadership transition aims to leverage Oberoi’s experience while establishing Bikhchandani as operational head.
Key Data Snapshot
What happened
- Mr. Hitesh Oberoi resigned as Managing Director and Chief Executive Officer effective December 2, 2026.
- Following resignation, Mr. Oberoi will assume the position of Non-Executive, Non-Independent Director from December 3, 2026, subject to shareholder approval.
- Mr. Sanjeev Bikhchandani is appointed as Executive Vice Chairman, Managing Director and Group CEO effective December 3, 2026, also subject to shareholder approval.
Key details
- Mr. Oberoi’s resignation was driven by his desire to focus on education, entrepreneurship, institution building, investing, philanthropy, and family time.
- Mr. Oberoi has served Info Edge for nearly 27 years and over 16 years as MD and CEO.
- Mr. Bikhchandani’s appointment extends his existing term until April 26, 2031, and he shall not be liable to retire by rotation.
- Appointments and re-designations are subject to approval by the Company’s members at the next general meeting.
Regulatory and governance context
- Changes comply with SEBI Listing Regulations and have been duly recommended by the Nomination and Remuneration Committee.
- Mr. Oberoi’s appointment as Additional Director is as per promoter category and subject to retirement by rotation.
- Mr. Bikhchandani’s appointment and re-designation is consistent with regulatory norms and applicable laws.
Highlights
- Hitesh Oberoi resigns as Managing Director and CEO effective December 2, 2026, after nearly 27 years with Info Edge.
- Oberoi to take on Non-Executive Director role from December 3, 2026, pending shareholder approval.
- Sanjeev Bikhchandani appointed Executive Vice Chairman, Managing Director and Group CEO effective December 3, 2026.
- Bikhchandani's appointment is valid until April 26, 2031, subject to approval.
- Leadership transition aims to leverage Oberoi’s experience while establishing Bikhchandani as operational head.
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Mr. Hitesh Oberoi is a promoter category director and will continue as such in his new role.
Source Information
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