Gurugram, 17 September 2025 – CARS24, India’s leading autotech platform, today announced the elevation of Shivanshu Makkar as Chief Financial Officer (CFO) for its India business. In his new role, Shivanshu will spearhead the company’s financial strategy, focusing on governance, capital efficiency, and long-term planning to support CARS24’s next phase of growth.
With a mandate to strengthen fiscal discipline and operational resilience, Shivanshu will oversee key functions including compliance, risk management, and financial planning, while embedding frameworks that promote transparency and accountability across the organization.
Shivanshu’s four-year journey at CARS24 reflects a dynamic leadership trajectory. Beginning in the CEO’s Office, he played a pivotal role in scaling new initiatives before transitioning into the Retail Business, where he served as Director and later Associate Vice President. His cross-functional experience across P&L ownership, growth strategy, customer experience, and operations equips him with a holistic understanding of the business.
Commenting on the elevation, Himanshu Ratnoo, CEO – India, CARS24, said:
“Shivanshu brings a rare blend of financial acumen and operational depth. His ability to translate strategic vision into measurable outcomes has been instrumental across roles. As CFO, he will be central to driving sustainable growth while reinforcing our mission to make car ownership effortless for every Indian.”
A Chartered Accountant and MBA, Shivanshu is an alumnus of Shri Ram College of Commerce (SRCC) and IIM Ahmedabad. Prior to joining CARS24, he spent nearly five years at McKinsey & Company, advising global clients on growth, operations, and financial transformation.
Reflecting on his new role, Shivanshu Makkar said:
“CARS24 has always embraced speed and innovation. My focus as CFO is to ensure that our pace is matched by precision—bringing in financial discipline that enables bold growth without compromising sustainability. It’s about building for scale, with the customer at the heart of every decision.”
This leadership elevation comes at a pivotal time for CARS24 as it continues to expand its footprint and redefine the car ownership experience in India through its integrated platform of buying, selling, financing, insurance, and vehicle lifecycle services.
About CARS24
Founded in 2015, CARS24 is India’s leading autotech platform, offering a comprehensive suite of services including vehicle purchase, resale, financing, insurance, and scrapping. With its digital-first approach and proprietary technology stack, CARS24 is transforming the way India buys and owns cars. Through CARS24 Financial Services, the company also delivers innovative lending solutions tailored to modern vehicle ownership needs.
