Info Edge (India) Limited , a leading Indian tech company, announced a significant change in its executive leadership. Chintan Thakkar, the company's Whole-time Director and Chief Financial Officer, has tendered his resignation to pursue a new career opportunity. The announcement came following a board meeting held on August 19, 2025.

Key Highlights

• Resignation: Chintan Thakkar will step down from his role as CFO and Executive Director after serving the company for nearly 12 years.
• Transition Period: Thakkar will continue his responsibilities until November 19, 2025, ensuring a smooth handover.
• New Role: Thakkar is set to join IAN Group as Group CEO and Senior Managing Partner at IAN Alpha Fund.
• Interim Appointment: Ambarish Raghuvanshi, a co-promoter of Info Edge, will take over as Interim CFO effective November 20, 2025.

Thakkar's Contributions

During his tenure, Chintan Thakkar played a pivotal role in Info Edge's growth and transformation. His contributions include:

• Driving strategic initiatives and decision-making
• Overseeing capital market transactions and fund-raising efforts
• Managing investor relations
• Guiding the venture investing team
• Enhancing corporate governance standards

Under Thakkar's financial leadership, Info Edge witnessed an 18-fold increase in market capitalization, positioning the company among the top 100 listed corporates in India by market cap.

Management Comments

The company's leadership expressed their appreciation for Thakkar's contributions:

• Kapil Kapoor, Chairman: "Chintan's advice and insights both in Finance and in several areas beyond Finance have been extremely valuable."
• Sanjeev Bikhchandani, Founder and Vice Chairman: "Chintan did an admirable job... I shall miss the conversations and the counsel."
• Hitesh Oberoi, Managing Director and CEO: "Chintan was not just a finance professional but also a key member of the leadership team at Info Edge."

Interim CFO Appointment

Ambarish Raghuvanshi, who will step in as Interim CFO, brings a wealth of experience to the role:

• Previously served as Info Edge's Whole-time Director and CFO from 2001 to 2014
• Over three decades of leadership experience in banking, corporate finance, and governance
• Led Info Edge's IPO in 2006 as CFO
• Active in early-stage investing and advising companies on IPOs, finance, and governance

Info Edge has initiated the process of identifying and appointing a permanent successor for the CFO position.

The transition in Info Edge's financial leadership comes at a time when the company continues to strengthen its position in the Indian tech landscape. As Thakkar moves on to a new chapter in his career, the appointment of Raghuvanshi as Interim CFO aims to ensure continuity and stability in the company's financial operations.

Info Edge (India) Limited , a leading online classifieds company, reported its financial results for the first quarter of fiscal year 2026, showing mixed performance across its business segments. The company faced headwinds in its core recruitment business while non-recruitment verticals demonstrated improved traction.

Key Financial Highlights

• Standalone billings grew by 11% year-on-year (YoY) to Rs. 644.00 crores
• Revenue increased by 15% YoY to Rs. 736.00 crores
• Operating profit rose by 10% YoY to Rs. 250.00 crores, with margins at 34%
• Cash and cash equivalents stood at Rs. 4,828.00 crores as of June 30, 2025

Recruitment Business Performance

The recruitment segment, which generates the majority of Info Edge's revenue, experienced a moderation in growth:

• Billings growth slowed to 9% YoY, reaching Rs. 470.00 crores
• Revenue grew by 15% YoY to Rs. 542.00 crores
• Operating profit improved by 12% YoY to Rs. 284.00 crores, with margins at 53%

The company attributed the slowdown to macroeconomic uncertainties and sector-specific challenges. IT services, BPM, BFSI, and infrastructure segments saw low single-digit growth. However, Global Capability Centers (GCCs), technology companies, retail, healthcare, and manufacturing continued to post double-digit growth.

Non-Recruitment Businesses Show Promise

Info Edge's non-recruitment verticals demonstrated improved performance:

• 99acres (real estate) billings grew by 17% YoY
• Jeevansathi (matrimony) achieved breakeven with 36% billings growth
• Shiksha (education) maintained profitability

Marketing Expenses and Strategy

The company increased marketing expenses across its businesses as part of its market share expansion strategy. This includes:

• IPL-related branding campaigns
• Efforts to strengthen the job seeker database in emerging cities and non-IT segments
• Increased investments in smaller businesses such as IIMJobs, Naukri Gulf, and Job Hai

Management Commentary

Hitesh Oberoi, Co-Promoter and Managing Director, noted that July showed better performance with 19% collection growth and 13% billing growth in recruitment. However, he expressed caution about future quarters given macroeconomic uncertainty.

AI Initiatives

Info Edge is actively leveraging artificial intelligence across its platforms to enhance user experience and operational efficiency. Key focus areas include:

1. Improving search quality and user personalization
2. Developing AI-powered features for better engagement
3. Creating new AI-driven products and monetization levers
4. Enhancing internal operational efficiency

Outlook

While the company remains cautiously optimistic about growth momentum in the coming quarters, it acknowledges the uncertain environment. Info Edge plans to continue investing in long-term growth initiatives, leveraging its strong cash position to respond to competitive dynamics and evaluate opportunities for sustainable shareholder value creation.

As the recruitment market faces challenges, Info Edge's diversification strategy and investments in AI and emerging businesses may help offset headwinds in its core segment. Investors will be watching closely to see how the company navigates the evolving macroeconomic landscape in the coming quarters.