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 4 September 2026
CARS24 Services Private Limited, incorporated on 12 August 2015 and headquartered in Gurugram, Haryana, operates one of India's leading online marketplaces for buying and selling pre-owned cars. It offers vehicle inspection, instant valuation, guaranteed selling price, and financing and insurance facilitation. Part of the broader CARS24 group, which also runs an RBI-registered NBFC arm, the company remains active.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Cars24 Services
Deeper analysis, financial signals and peer comparisons.
Company Identity
| 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
- 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
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ruchit Agarwal | 08225312 | - | - |
| Gajendra Kumar Jangid | 08225313 | - | - |
Financials
Group/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
- 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
In the News
CARS24 Services Number of Employees 2026 | Employee Count & Headcount Data
Revelio Labs · 2 months ago
Headlines about Cars24 Services Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges & Borrowings
- Open charges ₹522 Cr
- Satisfied charges ₹810 Cr
- Total charge records: 25
- Specific charge-holder names/dates/instrument details not obtained
Legal / Litigation
Confirmed 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
Frequently Asked Questions
What does Cars24 Services Private Limited do?
What is the CIN of Cars24 Services Private Limited?
Where is Cars24 Services Private Limited registered?
When was Cars24 Services Private Limited incorporated?
Recur Market
Which lenders fit a company like Cars24 Services Private Limited?
Answer a few questions about your business and see which banks and NBFCs match, with indicative rates.
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.