Tarun Mathur Quits As Policybazaar CEO, Sajja Praveen Chowdary Takes Charge
Superadmin
Tarun Mathur has resigned from the position of CEO and principal officer of Policybazaar Insurance Brokers, the insurance broking arm of PB Fintech, effective immediately.
Mathur cited personal commitments as the reason for his exit.
His resignation, first submitted to the board of directors on January 30, 2026, was conditional and was to take effect after the approval from the Insurance Regulatory and Development Authority of India (IRDAI) for his successor.
That approval was granted yesterday, with the regulator clearing the appointment of Sajja Praveen Chowdary as the principal officer and CEO of Policybazaar.
Chowdary has been with PB Fintech Group since 2011 and headed the “Policybazaar for Business” vertical prior to this. The vertical focuses on corporate and SME insurance as well as reinsurance. Over the years, he has led multiple business lines and contributed to scaling Policybazaar’s retail insurance offerings, including motor and term life segments.
He was also involved in launching new-to-market solutions such as self-video inspection and zero-cost term insurance, aimed at simplifying insurance purchases for consumers.
With over 17 years of experience across business management, product and technology, and business development, Chowdary is expected to drive the next phase of growth for Policybazaar’s insurance broking business.
On the financial front, Policybazaar’s parent company PB Fintech reported a 165% jump in net profit to ₹189.4 Cr in Q3 FY26 from ₹71.5 Cr in the same quarter last year. On a sequential basis, profit rose 40% from ₹134.9 Cr. Revenue grew 37% YoY and 10% QoQ to ₹1,771.1 Cr. Including other income of ₹84.9 Cr, total income for the quarter stood at ₹1,856 Cr.
Total expenses rose 27% year-on-year to ₹1,655.4 Cr. Meanwhile, EBITDA surged 475% YoY to ₹159 Cr, while adjusted EBITDA stood at ₹199 Cr, with the margin improving from 6% to 11%.
Shares of PB Fintech were trading 3.48% higher at ₹1,510.50 on the BSE at 11:44 IST. The company’s market capitalisation stood at about ₹69,900 Cr (about $7.55 Bn). However, the stock has been under some pressure for some months. It has fallen about 15% from its late-2025 highs.
The post Tarun Mathur Quits As Policybazaar CEO, Sajja Praveen Chowdary Takes Charge appeared first on Inc42 Media.
