Company Intelligence Profile
Cars24 Financial Services Private Limited
CARS24 Financial Services is an RBI-registered NBFC that finances used-car purchases and is wholly owned by Cars24 Services Private Limited.
Last updated 26 October 2026
CARS24 Financial Services Private Limited is an RBI-registered non-banking finance company that finances used-car purchases. It was incorporated on 17 September 2018 and is registered in Gurgaon, Haryana. It is a wholly owned subsidiary of Cars24 Services Private Limited. Its borrowings from 11 banks and financial institutions total ₹380 Cr, and CARE rates its ₹350 Cr bank facilities BBB+ with a Stable outlook.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Cars24 Financial Services
Deeper analysis, financial signals and peer comparisons.
Company Identity
| Registered name | CARS24 FINANCIAL SERVICES PRIVATE LIMITED |
|---|---|
| CIN | U65990HR2018PTC075713 |
| Status | Active |
| Listing | Unlisted |
| Incorporated | 17 September 2018 |
| ROC | RoC Haryana |
| Sector (NIC) | Financial Services (NIC 65990) |
| Registered address | 10th Floor, Tower B, Unitech Cyber Park, Sector-39, Gurgaon, Haryana 122001 |
| Authorized capital | Rs 7.0 Cr |
| Paid-up capital | Rs 5.96 Cr |
Business Overview
- CARS24 Financial Services is a non-banking finance company registered with the RBI.
- It is a wholly owned subsidiary of Cars24 Services Private Limited.
- Its assets under management were ₹2,266 Cr as on 30 Jun 2024.
- It was incorporated on 17 September 2018 and is based in Gurgaon, Haryana.
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Gajendra Kumar Jangid | 08225313 | Director | - |
| Ruchit Agarwal | 08225312 | Whole-time Director | - |
| Saurabh Kumar | 07040221 | Director | - |
| Shashank Saxena | 10236481 | Director | - |
Financials
- Revenue band ₹100-500 Cr
Charges & Borrowings
- Borrowings from 11 banks and financial institutions total ₹380 Cr.
- Largest lenders: DCB Bank ₹65 Cr, Bajaj Finance ₹50 Cr, Kotak Mahindra Bank ₹35 Cr.
Credit Ratings
- CARE BBB+; Stable / CARE A2 for ₹350 Cr bank facilities (Sept 2024).
- ICRA has rated several securitisation transactions of the company, most of them withdrawn after payout.
Competitors
Frequently Asked Questions
What does CARS24 FINANCIAL SERVICES PRIVATE LIMITED do?
Who are the directors of CARS24 FINANCIAL SERVICES PRIVATE LIMITED?
When was CARS24 FINANCIAL SERVICES PRIVATE LIMITED incorporated?
What is the CIN of CARS24 FINANCIAL SERVICES PRIVATE LIMITED?
Where is CARS24 FINANCIAL SERVICES PRIVATE LIMITED registered?
Recur Market
Which lenders fit a company like Cars24 Financial Services Private Limited?
Answer a few questions about your business and see which banks and NBFCs match, with indicative rates.
Similar Financial Services companies
- XSFINANCE AND INVESTMENT PRIVATE LIMITEDXSFINANCE AND INVESTMENT PRIVATE LIMITED is a Haryana-based financial services company in the Waree group that acquired a majority stake in an NBFC.
- Taurus Asset Management Company LimitedTaurus Asset Management Company Limited is a Mumbai-based asset management company that manages Taurus Mutual Fund.
- Mizuho Capsave Finance Private LimitedMizuho Capsave Finance Private Limited is an unlisted private finance company based in Mumbai, incorporated in 1992.
- MIZUHO RA LEASING PRIVATE LIMITEDMIZUHO RA LEASING PRIVATE LIMITED rents and leases vehicles, machinery, equipment and capital goods from Maharashtra. It was incorporated in 2013.
- BIZCOVR INSURANCE BROKING PRIVATE LIMITEDBIZCOVR INSURANCE BROKING PRIVATE LIMITED is an insurance broking company based in Bengaluru, incorporated in October 2023.
- Tata Sons Private LimitedTata Sons Private Limited is the main investment holding and promoter company of the Tata Group, one of India's largest business groups.
More on Recur Club
Recently added companies
Lenders on Recur Club
Explore on Recur Club
More from Recur Club
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.