Company Intelligence Profile
Cars24 Services Private Limited
CARS24 Services Private Limited runs India's leading online used-car marketplace, offering instant vehicle valuation, inspection, sale, and financing.
Last updated 20 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Partial / conflicting| Registered name | Cars24 Services Private Limited |
|---|---|
| CIN | U74999HR2015FTC056386 |
| PAN | AAGCC1389R |
| Status | Active |
| Listing | Not listed |
| Incorporated | 12 August 2015 |
| ROC | Conflict: Tofler lists RoC-Haryana |
| Sector (NIC) | Automotive e-commerce / online platform for buying-selling pre-owned vehicles, vehicle inspection, financing |
| Registered address | 10th Floor, Tower-B, Unitech Cyber Park, Sector-39, Gurugram, Haryana, India – 122001 |
| Authorized capital | ₹20.00 Cr |
| Paid-up capital | ₹18.53 Cr |
Business Overview
Confirmed- CARS24 Services Private Limited operates India's leading online marketplace for buying and selling pre-owned/used cars, offering vehicle inspection, instant valuation, guaranteed selling price, and financing/insurance facilitation
- The broader CARS24 group also runs an RBI-registered NBFC arm for vehicle financing and has diversified into adjacent services (e.g., acquisition of CarInfo for vehicle information services, per Entrackr reporting)
- Group-level: sold ~2 lakh cars in FY24 with revenue nearing ₹7,000 Cr (Entrackr, Nov 2024)
- FY25 revenue declined ~9-10% YoY per company/financial-data aggregators
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ruchit Agarwal | 08225312 | - | - |
| Gajendra Kumar Jangid | 08225313 | his continued directorship status on this specific entity is not re-confirmed post-departure partial/needs verification. DINs sourced only from Tofler TheCompanyCheck did not list DINs; single-source, treat as partial confirmation. | - |
Financials
Partial / conflictingGroup/company-level figures:
| FY24 (article dated 26 Nov 2024) | ~2 lakh cars sold; revenue nearing ₹7,000 Cr |
|---|---|
| FY25 (article dated 27 Feb 2026) | Revenue declined ~9-10% YoY; losses rose marginally |
| H1 FY26 (article dated 15 Jan 2026) | Adjusted revenue of ₹651 Cr; cash burn cut by 36% YoY |
| FY23 (article dated 30 Oct 2023) | Scale flat YoY; losses declined ~57% |
TheCompanyCheck (entity-level, FY2025): Revenue ₹6,357.74 Cr (down 9.00% YoY); EBITDA and Net Profit locked behind premium paywall — not obtained; Employees 2,212 (as of 28 Mar 2024). Net worth, borrowings, and standalone-vs-consolidated basis: not obtained. Charges data (see below) suggest active secured borrowings. Overall financials assessed as PARTIAL — the entity-level FY25 revenue figure (₹6,357.74 Cr) roughly aligns in direction (~9% decline) with Entrackr's group-level reporting, giving some corroboration, but EBITDA/PAT/net worth are not obtained.
Funding
Partial / conflicting- Not independently verified in this pass beyond general knowledge that CARS24 (parent/group) has raised large VC funding rounds (Series A-G+) from investors such as Sequoia Capital, Exor Seeds, DST Global, SoftBank Vision Fund, and others reaching unicorn status (~$3-3.3B valuation, reported historically)
- Specific round-by-round names/dates/amounts could not be re
- do not treat prior-knowledge figures as confirmed for this report
Charges & Borrowings
Partial / conflicting- Open charges ₹522 Cr
- Satisfied charges ₹810 Cr
- Total charge records: 25
- Specific charge-holder names/dates/instrument details not obtained
Legal / Litigation
ConfirmedConfirmed via Indian Kanoon (Delhi High Court) — company is an active litigant, predominantly as petitioner/plaintiff in arbitration and enforcement matters (indicative of routine commercial dispute activity, e.g., dealer/franchise disputes), including:
- Cars24 Services Pvt Ltd vs Tsisia Entrepreneur Pvt Ltd (ARB.P. 382/2025, 24 Jul 2025)
- Cars24 Services Pvt Ltd vs Anantharaj T (29 Apr 2025)
- Cars24 Services Pvt Ltd vs Dreams Car (2071/2026, 9 Mar 2026; also O.M.P.(I)(COMM.) 490/2025, 28 Nov 2025)
- Cars24 Services Pvt Ltd & Anr vs SR Autos & Ors (24 Sep 2025)
- Cars24 Services Pvt Ltd vs Ms. Hamsha (ARB.P. 1228/2026, 27 Jul 2026)
- Cars24 Services Pvt Ltd & Anr vs Amit Kumar & Ors (CONT.CAS(C) 1594/2025, 28 Oct 2025)
- Georgina Cars vs Cars24 Services Pvt Ltd (30 Apr 2026)
- Exxon Mobil Corporation vs Cars24 Services Pvt Ltd (26 Sep 2025)
Indian Kanoon reports ~152 total results referencing the company across Indian courts — indicating a substantial volume of routine litigation, not necessarily material adverse proceedings.
Competitors
ConfirmedFrequently Asked Questions
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