Info Edge (India) Limited has informed the Exchange about resignation of Mr. Chintan Thakkar, Whole-time Director & Chief Financial Officer of the Company and appointment of Mr. Ambarish Raghuvanshi as the Interim Chief Financial Officer and Key Managerial Personnel of the Company
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Info Edge's Whole-time Director & CFO, Mr. Chintan Thakkar, has resigned after nearly 12 years with the company to take up the role of Group CEO at IAN Group and Senior Managing Partner at IAN Alpha Fund. During his tenure, the company's market capitalisation grew 18x, and he led major capital market transactions including QIPs, M&A, and strategic startup investments (such as early bets on Zomato and Policybazaar). He will serve his three-month notice period, with his last day on or before November 19, 2025. The Board has appointed Mr. Ambarish Raghuvanshi as Interim CFO and Key Managerial Personnel effective November 20, 2025, until a permanent successor is found. Raghuvanshi is a co-promoter of Info Edge and was its earlier CFO and Whole-time Director from 2001 to 2014, meaning he is a familiar face who also led the company's 2006 IPO. Founder Sanjeev Bikhchandani, MD & CEO Hitesh Oberoi, and Chairman Kapil Kapoor publicly acknowledged Thakkar's significant contributions to finance, governance, and investor relations.
For shareholders, this is a planned, orderly transition rather than a sudden exit. The re-entry of a trusted former CFO as interim provides continuity, though the market may watch closely for clarity on the permanent successor. A strong, well-regarded CFO leaving for an investing role is generally not negative for the stock, and the positive leadership quotes suggest confidence in the transition.