Moneycontrol had earlier reported that Thakkar would exit by November 19. Meanwhile, interim CFO Ambarish Raghuvanshi has taken charge.
Chief Financial Officer, Chintan Thakkar says if the company were using old methods of accounting, the growth in Naukri.com revenues would have been around 17 percent, close to the 19 percent it has reported in the previous years.
Chintan Thakkar, CFO of Info Edge says the real estate market is very dull and the new project launches are very minimal.
Chintan Thakkar, CFO, of Info Edge says the real estate market has off late been laden with factors like low demand and high competitiveness.
Chintan Thakkar, CFO of Info Edge says the company will continue to invest in the realty as rentals, particularly in some cities, is doing well despite the shrinking market.
Info Edge, which runs job portal Naukri.com, on Monday reported 27.8 percent decline in its net profit at Rs 28.7 crore for the quarter ended June 30, 2015, primarily due to higher investment in 99acres.
Info Edge also owns portals like Naukri.com, Jeevansathi.com and shiksha.com.