Info Edge (India) Ltd, the powerhouse behind India’s leading recruitment portal Naukri.com, announced today that Pawan Goyal has resigned from his position as Chief Business Officer (CBO) and Whole-time Director.
Goyal is stepping down after a seven-year tenure to “pursue other interests,” according to a regulatory filing. He will officially exit the company at the close of business hours on May 31, 2026, relinquishing all board committee responsibilities at that time.
A Legacy of Growth
In his resignation letter, Goyal highlighted a period of significant financial strengthening for the recruitment vertical. Under his leadership, the business achieved a 16.8% Compound Annual Growth Rate (CAGR). Efficiency also saw a notable uptick, with operating Profit Before Tax (PBT) margins expanding from 53% to nearly 57%.
The departure comes as Info Edge maintains a strong financial trajectory. In Q3 FY26, the company reported:
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Standalone Revenue: ₹747 crore (up 12% year-on-year).
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Recruitment Segment Contribution: ₹548 crore (compared to ₹494 crore in the previous year).
Strategic Shifts
Info Edge has not yet named a successor for the CBO role. The leadership transition follows several aggressive portfolio moves by the company, including a recent exit from Shopkirana via a share swap with Udaan’s parent, and a fresh ₹250 crore commitment to the A88 Fund.
Market Reaction
As of midday, Info Edge shares were trading at ₹972, bringing the company’s total market capitalization to approximately ₹63,130 crore ($6.8 billion). Despite the high-profile exit, the market remains focused on the company’s core recruitment engine, which continues to be its primary revenue driver.
By: Sandhya Bharti
