StockWatch
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Internet & Catalogue Retail
Management Change28 Oct 2026, 01:55 pm

Info Edge: Hitesh Oberoi transitions from MD & CEO to Director

AI Summary

Info Edge (India) Ltd announced significant management changes following a Board of Directors meeting on October 28, 2026. Mr. Hitesh Oberoi will step down as Managing Director and Chief Executive Officer (KMP) effective December 2, 2026, after 27 years with the company, to pursue personal interests. He will then transition to an Additional Director role, serving as a Non-Executive, Non-Independent Director under the Promoter Category, effective December 3, 2026, subject to shareholder approval. Concurrently, Mr. Sanjeev Bikhchandani has been appointed and re-designated as Executive Vice Chairman, Managing Director, and Group Chief Executive Officer (KMP), also effective December 3, 2026, pending member approval. These changes aim to leverage Oberoi's experience in a new capacity and solidify Bikhchandani's leadership.

Key Highlights

  • Hitesh Oberoi steps down as MD & CEO after 27 years.
  • Oberoi appointed as Non-Executive Director (Promoter Category).
  • Sanjeev Bikhchandani appointed Executive Vice Chairman & MD.
  • Changes effective from December 3, 2026, subject to approval.