Tarun Mathur has officially resigned from his role as CEO and principal officer of Policybazaar Insurance Brokers, part of PB Fintech. His resignation is effective immediately, with personal commitments cited as the reason for his departure.
The board of directors received Mathur's resignation on January 30, 2026, which was contingent upon the approval of his successor by the Insurance Regulatory and Development Authority of India (IRDAI). This approval was granted recently, allowing Sajja Praveen Chowdary to assume the position of principal officer and CEO.
Chowdary, who has been with PB Fintech since 2011, previously led the "Policybazaar for Business" division, which focuses on corporate and SME insurance as well as reinsurance. His extensive experience includes scaling Policybazaar’s retail insurance offerings and launching innovative solutions aimed at simplifying the insurance purchasing process for consumers.
With over 17 years in business management, product and technology, and business development, Chowdary is expected to guide Policybazaar’s insurance broking business into its next growth phase.
On the financial side, PB Fintech reported a significant increase in net profit, with a 165% rise to ₹189.4 Cr for Q3 FY26, compared to ₹71.5 Cr during the same period last year. Sequentially, profits also increased by 40% from ₹134.9 Cr. Revenue grew by 37% year-on-year and 10% quarter-on-quarter, reaching ₹1,771.1 Cr. Total income for the quarter, including other income, stood at ₹1,856 Cr.
Despite a 27% rise in total expenses year-on-year to ₹1,655.4 Cr, EBITDA surged by 475% YoY to ₹159 Cr, with adjusted EBITDA at ₹199 Cr and margins improving from 6% to 11%.
As of the latest trading session, shares of PB Fintech were up 3.48% at ₹1,510.50 on the BSE, with a market capitalization of approximately ₹69,900 Cr (around $7.56 billion). However, the stock has experienced a decline of about 15% since its late-2025 highs.
