About CarPal
CarPal is a Transportation, Automotive & Logistics company based in Chennai (India) founded in 2014 by Adithya Subramaniam Jagdish, Meera Jagdish, and Srinath Kasthurirangan. Concierge services to buy new cars. Its Indian entity Carpal Automotive Private Limited reported revenue of ₹41.7 Lakh. Its focus areas include Consumer, Auto E-Commerce & Content, Pre Purchase Solution and Concierge. Its competitors include Carbaazi, Spa4Wheels and Bookyourcar; 1 of its 3 listed competitors has raised funding.
Company details
Founded in 2014 in Chennai, India, CarPal operates in the automotive sector by offering concierge services for new car acquisitions. Users are assisted via the CarMatch app in identifying suitable options based on preferences and budgets. Test drives are arranged at homes or offices, with vehicles delivered promptly to doorsteps. Strategic partnerships with dealerships enable a proprietary pricing model, while used car valuations are provided through a network of dealers.
- Headquarters Chennai, India
- Founders Adithya Subramaniam Jagdish, Meera Jagdish, Srinath Kasthurirangan
- SectorsTransportation, Automotive & Logistics
- Website trycarpal.com
- Social LinkedIn X Facebook
- Legal Name Carpal Automotive Private Limited
- Date of Incorporation 09 Dec, 2014
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹41.7 Lakh
FY 2024 · -19% YoY
- Net Loss-₹21 Lakh
FY 2024 · -50% margin
- EBITDA-₹13.1 Lakh
FY 2024 · -31% margin
Associated legal entities of CarPal
CarPal operates through Carpal Automotive Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Carpal Automotive Private Limited CIN U52390TN2014PTC098379 | Active | 09 Dec 2014 | Chennai, Tamil Nadu | ₹0.4 Cr | 2 | View details |
Board of directors of Carpal Automotive Private Limited (CarPal)
Carpal Automotive Private Limited is the primary company behind CarPal. The board of Carpal Automotive Private Limited currently have 2 directors; the longest-serving is Vignesh Venkatakrishnan Ramakrishnan, appointed in 2015. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vignesh Venkatakrishnan Ramakrishnan DIN 07240163 | Director | 05 Aug 2015 | 11 yrs 3 mo | Carpal Automotive Private Limited |
| Ramakrishnan Venkatakrishnan DIN 00332632 | Director | 25 Sep 2019 | 7 yrs 1 mo | Carpal Automotive Private Limited |
People of CarPal
3 people are tracked at CarPal (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Srinath Kasthurirangan | Co-Founder | Leadership |
Complete people profiles for CarPal
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Financials of CarPal
Figures of Carpal Automotive Private Limited, the primary company behind CarPal, for FY 2024. Revenue was ₹41.7 Lakh (-19% year on year). Net loss was -₹21 Lakh (-50% margin). EBITDA was -₹13.1 Lakh (-31% margin). Revenue has grown at a compounded annual rate of +48% over three years and +52% over five years.
- ₹41.7 LakhRevenue · FY 2024 · -19% YoY
- -₹21 LakhNet loss · -50% margin
- -₹13.1 LakhEBITDA · -31% margin
- ₹10 LakhPaid-up capital
- +48%Revenue CAGR, 3 years
- +52%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Carpal Automotive Private Limited are on its company page.
Detailed financial statements for CarPal
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Competitors of CarPal
CarPal has 3 listed competitors in our database, 1 of them funded. They include Carbaazi, Spa4Wheels and Bookyourcar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| carbaazi.com | 2015 | Pune, India | $1M | A platform for buying new cars and accessing related services. | ||
| spa4wheels.com | 2014 | Pune, India | Offers concierge services for automotive buyers to simplify purchases. | |||
| bookyourcar.co.in | 1976 | Mumbai, India | Operates an online platform for booking and purchasing cars. |
Detailed competitors of CarPal
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Web traffic of CarPal
The website of CarPal (trycarpal.com) receives about 4.7K visits a month.
- Monthly visits4.7K
▼ 62.7% vs previous month
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as CarPal (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Carpal
Complete news archive for CarPal
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Frequently Asked Questions about CarPal
CarPal was founded in 2014.
CarPal is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind CarPal, Carpal Automotive Private Limited, reported revenue of ₹41.7 Lakh for FY 2024, down 19% year on year.
Founded in 2014 in Chennai, India, CarPal operates in the automotive sector by offering concierge services for new car acquisitions. Users are assisted via the CarMatch app in identifying suitable options based on preferences and budgets. Test drives are arranged at homes or offices, with vehicles delivered promptly to doorsteps. Strategic partnerships with dealerships enable a proprietary pricing model, while used car valuations are provided through a network of dealers.
CarPal's top competitors include Carbaazi, Bookyourcar and Spa4Wheels.
CarPal operates through Carpal Automotive Private Limited.
The legal entities of CarPal currently have 2 directors, including Vignesh Venkatakrishnan Ramakrishnan, Ramakrishnan Venkatakrishnan.