Cars24 names Infosys CFO Jayesh Sanghrajka as independent director ahead of IPO push
The SoftBank- and Tencent-backed used-car platform is fortifying its board as it scales across India, UAE and Australia. Sanghrajka, who spent four years on Infosys' audit committee before becoming CFO, brings public-markets credibility to a company founded in 2015 and now positioning for a listing.
What happened
Cars24, the used-car marketplace, has appointed Infosys CFO Jayesh Sanghrajka as independent director, signaling governance strengthening as the company scales
Key facts
- 4 years on audit committee
- founded 2015
Why this matters
Cars24's board upgrade telegraphs an accelerating IPO timeline and a sharper bar on diligence, valuation discipline and disclosure—reset assumptions on any partnership, JV or inorganic move with them in the next 12-18 months.