Cars24 Names Infosys CFO Jayesh Sanghrajka Independent Director Ahead Of IPO

IPO-bound used car marketplace Cars24 has onboarded Infosys CFO Jayesh Sanghrajka as independent director amid a top-deck reshuffle that saw cofounders and the India used-car CEO exit. The company posted ₹651 Cr H1 FY26 adjusted net revenue, up 18% YoY, with EBITDA losses narrowing 36%. Public listing eyed in 6-12 months.

— Source publishedMon, 8 Jun, 2026, 15:57 IST·First seen Mon, 8 Jun, 2026, 16:01 IST·Source Inc42

What happened

IPO-bound used car marketplace Cars24 has appointed Infosys CFO Jayesh Sanghrajka as independent director amid a top-deck reshuffle, with cofounders and India

Key facts

  • ₹651 Cr H1 FY26 adjusted net revenue
  • 18% YoY revenue growth
  • ₹162 Cr adjusted EBITDA loss
  • 36% YoY loss reduction
  • $20 Mn AI Labs commitment

Why this matters

Cofounder and India CEO exits alongside a board refresh hint at a window for talent poaching and partnership renegotiation while Cars24 stabilizes its top deck pre-listing.

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