In Case You Missed It: ‘Should you do not do AI, AI will likely be performed to you,’ Sanjeev Bikhchandani’s message to younger professionals
Oberoi will stay related to the corporate as a non-executive, non-independent director.
In his resignation letter dated October 27, Oberoi mentioned, “After practically 27 years at Information Edge, together with over 16 years as MD and CEO, I’ve determined that it’s time for me to step again from my full-time working function.”
He described the choice as troublesome, saying Information Edge had been a defining a part of his life. “I’ve considered this determination for a while, and it has not been a straightforward one to make. Information Edge has been a defining a part of my life, and I really feel huge gratitude and delight once I look again at what we have now constructed collectively,” he wrote.
Oberoi recalled Naukri’s early days, when he made 60–70 gross sales calls a month alongside his crew. He mentioned the roles platform now has a transparent synthetic intelligence and information technique to drive its subsequent part of development.
He additionally highlighted 99acres’ emergence as a market chief, the profitability of Jeevansathi and Shiksha’s continued market-share good points, and Jobhai’s progress in constructing a monetisation mannequin.
“This isn’t a choice to step away from Information Edge. I stay deeply invested within the firm, each emotionally and financially,” Oberoi mentioned. He added that he needed to commit extra time to increased schooling, entrepreneurship, investing, philanthropy and his household.
Oberoi additionally expressed confidence in Information Edge’s management crew, saying the corporate had developed the institutional energy wanted for its subsequent part. “I due to this fact really feel that is the correct time for me to step again,” he wrote.
Information Edge, which operates Naukri, 99acres, Jeevansathi and Shiksha, can also be recognized for its early investments in Indian startups, together with Everlasting, previously Zomato.
