Market Performance
Info Edge share price slipped nearly 1% in early trade on August 20, following the resignation of its long-serving Chief Financial Officer (CFO), Chintan Thakkar. The stock was seen trading at ₹1,365 per share on the exchanges.
Main News
In a regulatory filing, Info Edge confirmed that Chintan Thakkar resigned on August 19 to explore a new career path. He will continue in his role until November 19, 2025, or earlier, as part of a smooth transition.
The board has appointed Ambarish Raghuvanshi as the Interim CFO, effective November 20, 2025, until a permanent successor is finalized. Raghuvanshi is not new to the role—he previously served as the CFO of Info Edge from 2001 to 2014.
Company Details
- Outgoing CFO: Chintan Thakkar
- Tenure: 12 years (2012–2025)
- New Role: Group CEO at IAN Group & Senior Managing Partner at IAN Alpha Fund
- Interim CFO: Ambarish Raghuvanshi (effective Nov 20, 2025)
- Stock Price Reaction: Down 1% to ₹1,365
During his tenure, Thakkar oversaw Info Edge’s transformation from a smallcap to a largecap company, with market capitalization growing 18x. He played a key role in fund-raising, capital market transactions, and building investor trust.
Thakkar highlighted that Info Edge’s Alternative Investment Funds (AIFs) supported 100+ startups in tech and deep-tech sectors, including early investments in Zomato and Policybazaar.
Summary
Info Edge share price came under slight pressure after the resignation of CFO Chintan Thakkar, marking the end of a significant chapter in the company’s leadership. His contributions helped drive Info Edge’s growth, with major investments and financial stewardship shaping its strong market position.
With Ambarish Raghuvanshi returning as Interim CFO, the company aims for a smooth transition while it searches for a permanent successor.
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