Cars24 cofounder and CFO Ruchit Agarwal announced the appointment in a blog post, describing the move as significant for the used-car platform as it scales operations and eyes a public market listing.
Sanghrajka brings over a decade of experience navigating public markets across two regulatory regimes. At Infosys, he has overseen finance, mergers and acquisitions, and investor relations at one of the few Indian companies listed in both India and the United States.
Agarwal said that Sanghrajka is not new to the business. He has served on Cars24’s audit committee for four years and has chaired several of its meetings. Agarwal began his career at Infosys in 2004 as an analyst after completing his CA.
“Cars24 is not a transaction business. We are building the rails for how people buy, sell, finance, and own their cars across India, UAE, and Australia. We are creating a category. To do that at scale, across multiple markets, while heading towards a public listing, you need people in the room who have been through that before,” he wrote.