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People · Professional & Local Services

Pawan Goyal steps down as Info Edge CBO

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Date
Company
Info Edge
What it does
Online classifieds and recruitment platform
Kind
People
Sector
Professional & Local Services

What they do

Info Edge runs Naukri.com, 99acres, and Jeevansathi, plus education and investee firms

What happened

Pawan Goyal, CBO (Naukri) and Whole-time Director, resigns after 7 years, effective May 31, 2026

Why it matters

During his tenure, the business grew at 16.8% CAGR and operating PBT margin expanded from 53% to nearly 57%

The details

  • Pawan Goyal, CBO (Naukri) and Whole-time Director at Info Edge, will step down after 7 years with the company.
  • His resignation is effective from the end of business on May 31, 2026.
  • Goyal is leaving to pursue other interests.
  • No successor has been named yet for the CBO role, but an announcement is expected soon.
  • During his tenure, the business grew at a 16.8% CAGR (compound annual growth rate, a measure of yearly growth).
  • Operating PBT (profit before tax, a measure of operating profitability) margin expanded from 53% to nearly 57% under his leadership.

The bigger picture

  • Goyal's exit comes as Info Edge reported Q3 FY26 standalone revenue of Rs 747 crore, up 12% year-on-year.
  • The recruitment solutions segment, led by Naukri.com, contributed Rs 548 crore in Q3 FY26, up from Rs 494 crore a year ago.
  • Info Edge also recently exited Shopkirana via a share swap with Trustroot Internet Private Limited, Udaan's parent.
  • The company approved a commitment of up to Rs 250 crore for the A88 Fund.

About the business

  • Info Edge operates Naukri.com, India's largest job portal, along with 99acres (real estate) and Jeevansathi (matrimony).
  • It also has education and investee companies in its portfolio.
  • The recruitment solutions segment is the largest contributor to revenue, with Rs 548 crore in Q3 FY26.
  • Info Edge's share price was Rs 972 per share as of 12:30 PM today, with a market cap of Rs 63,130 crore (around $6.8 billion).
  • The company's website is infoedge.in, which includes a careers page and founder LinkedIn profiles.

What happens next

  • Info Edge expects to announce a successor for the CBO role soon.

The deal

Type
people

Founders

  • Sanjeev Bikhchandani, Founder
  • Hitesh Oberoi, Co-founder

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