Sajja Praveen Chowdary discusses strategy in a bustling office.
Policybazaar Insurance Brokers, a subsidiary of PB Fintech, has appointed Sajja Praveen Chowdary as its new CEO, effective immediately. The move follows the resignation of Tarun Mathur, who cited personal commitments.
Chowdary’s appointment received approval from the Insurance Regulatory and Development Authority of India (IRDAI). Chowdary has been with PB Fintech since 2011, most recently heading the “Policybazaar for Business” vertical, which focuses on corporate and SME insurance, as well as reinsurance. He has also been involved in scaling Policybazaar’s retail insurance offerings.
Mathur’s resignation was submitted to the board on January 30, 2026, and was conditional upon IRDAI’s approval of his successor.
PB Fintech reported a 165% year-over-year jump in net profit to ₹189.4 Cr in Q3 FY26. Revenue grew 37% YoY to ₹1,771.1 Cr.
Shares of PB Fintech were trading 3.48% higher at ₹1,510.50 on the BSE at 11:44 IST, valuing the company at approximately ₹69,900 Cr (about $7.56 Bn).
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