PB Fintech Limited Reports Key Changes in Management at Subsidiary Policybazaar
PB Fintech Limited announced significant changes in the key management personnel of Policybazaar Insurance Brokers Private Limited, a wholly owned subsidiary of the company. These changes include the appointment of a new Chief Executive Officer and the resignation of the previous incumbent.On April 7, 2026, it was reported that the Insurance Regulatory and Development Authority of India (IRDAI) approved the appointment of Mr. Sajja Praveen Chowdary. Under this approval, Mr. Sajja Praveen Chowdary was appointed as the Principal Officer and Chief Executive Officer of Policybazaar Insurance Brokers Private Limited, effective from April 7, 2026. Consequently, Mr. Sajja Praveen Chowdary will assume roles as Principal Officer, Chief Executive Officer, and Whole Time Director of Policybazaar.
The transition also involved the resignation of Mr. Tarun Mathur from the positions of CEO and Principal Officer of Policybazaar, effective at the close of business hours on April 7, 2026, citing personal commitments.
The details regarding these changes are outlined in an attached annexure detailing the events. The table below summarizes the key appointments and cessations.
| S. No. | Particulars | Description |
|---|---|---|
| 1 | Reason for Change viz. appointment, re-appointment, resignation, removal, death or otherwise | Appointment of Mr. Sajja Praveen Chowdary as a Principal Officer, Chief Executive Officer and Whole Time Director of Policybazaar; Resignation of Mr. Tarun Mathur from the post of CEO and Principal Officer of Policybazaar |
| 2 | Date of appointment/ re- appointment/ cessation & term of appointment/ re-appointment | 07th April, 2026 (for Mr. Chowdary); Close of business hours on 07th April, 2026 (for Mr. Mathur) |
| 3 | Brief Profile | Mr. Sajja Praveen Chowdary joined PB Fintech Group in 2011. He currently heads 'Policybazaar for Business', the Corporate/SME Insurance & Reinsurance arm of Policybazaar, where he is credited with significant growth in the business insurance space. Previously, he contributed to scaling retail businesses at Policybazaar, including motor and term life insurance through solutions such as Self Video Inspection and Zero cost Term insurance. Mr. Chowdary holds a B.Tech in Electronics and Communications from Acharya Nagarjuna University and a post-graduate degree in Marketing from IMT, Ghaziabad. |
Mr. Sajja Praveen Chowdary’s tenure at PB Fintech Group began in 2011, and his professional experience spans over 17 years across areas including Business Management, Product and technology Management, Business Development, and Project Management in the e-commerce sector.
POLICYBZR Stock Price Movement
On Tuesday, PB Fintech Limited shares slipped by 0.88% to settle at ₹1459.7, marking a decrease of ₹12.90 from the previous close. The stock traded amidst significant investor interest, recording a volume of 1.06 million shares during the session.Source:
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