Cars24 Financial Services Private Limited, a active private limited company, was established on 17 September 2018 in Gurgaon, Haryana, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U65990HR2018PTC075713. Registered under ROC Roc Delhi. it is unlisted. It has an authorized capital of ₹7.00 Cr and a paid-up capital of ₹6.29 Cr.
Employing 390 professional, Its leadership includes Ruchit Agarwal (Whole-Time Director), Gajendra Kumar Jangid (Director), Saurabh Kumar (Director). Past directors included Mehul Agrawal, Ruchit Agarwal, Goutendra Pratap Singh. It holds ₹410.00 Cr open charges and ₹577.00 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 10Th Floor, Tower B, Unitech Cyber Park, Sector- 39, Gurgaon, Haryana, 122001.
U65990HR2018PTC075713
075713
17 September 2018
₹7.00 Cr
₹6.29 Cr
Roc Delhi
Unlisted
Active
Explore comprehensive insights into Cars24 Financial Services Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.
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| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ruchit Agarwal | Whole-Time Director | 17 Sep 2018 | Current |
| Gajendra Kumar Jangid | Director | 17 Sep 2018 | Current |
| Saurabh Kumar | Director | 08 Feb 2019 | Current |
| Shashank Saxena | Director | 20 Jun 2024 | Current |
| Name | Designation | Cessation | Status |
|---|---|---|---|
| Pramod Abcsdd | Director | 16 Nov 2022 | Past |
| Pramod Abcsdd | Director | 04 Jul 2019 | Past |
| Pramod Abcsdd | Company Secretary | 20 Jan 2020 | Past |
| Pramod Abcsdd | Additional Director | 20 Sep 2019 | Past |
| Pramod Abcsdd | Company Secretary | 06 Jul 2023 | Past |
| Pramod Abcsdd | Additional Director | 29 Sep 2024 | Past |
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Cars24 Financial Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 110.78% increase. The company also saw a substantial improvement in profitability, with a 109.06% increase in profit. The company's net worth dipped by a decrease of 1.4%.
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In 2022, Cars24 Financial Services had a promoter holding of 100.00%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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₹4,100,000,000.00
₹5,770,000,000.00
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Aug 2025 | Others | ₹25.00 Cr | Open |
| 31 Jul 2025 | Others | ₹20.00 Cr | Open |
| 30 Jul 2025 | Others | ₹20.00 Cr | Open |
| 24 Jul 2025 | Axis Bank Limited | ₹5.00 Cr | Open |
| 27 Mar 2025 | Others | ₹20.00 Cr | Open |
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Cars24 Financial Services has a workforce of 390 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Gain comprehensive insights into the Deals and Valuation data of Cars24 Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Cars24 Financial Services's trajectory.
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Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101150278 was registered on 14 Aug 2025. was recorded as a recent event.
Progress on A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101140217 was registered on 31 Jul 2025. was documented.
The activity A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101136935 was registered on 30 Jul 2025. was completed.
The activity A charge with Axis Bank Limited amounted to Rs. 5.00 Cr with Charge ID 101138577 was registered on 24 Jul 2025. was completed.
A charge registered on 29 Dec 2023 via Charge ID 100845220 with Others was fully satisfied on 18 Jun 2025. was recorded as a recent event.
A charge with Others of Rs. 35.00 Cr registered on 26 Jul 2021 with Charge ID 100469646 was modified on 15 May 2025. was recorded as a recent event.
Embarking on a new chapter in debt management CARS24 Financial Services a modern NBFC specializing in car financing and a wholly-owned subsidiary of CARS24 Indias leading AutoTech company has announced a strategic partnership with Credgenics a pioneering SaaS-based debt collections and resolution tech platform This collaboration underscores CARS24s commitment to streamline the car ownership experience for customers by introducing innovative solutions powered by cutting-edge technology ensuring a hassle-free journey.
In a ground-breaking move towards a more sustainable automobile landscape, CARS24, India's leading autotech company has today announced the launch of its new Vehicle Scrapping Initiative and has become one of the first large scale players in the industry to do so. This initiative is set to transform the way India views car scrapping and offers a comprehensive one stop solution for vehicle owners to scrap their cars, monetise their Certificate of Deposit and simultaneously benefit the environment. In line with the mission of Government of India, CARS24 is all set to educate eligible car owners about vehicle scrapping and simplify the scrapping process for them. With CARS24, a customer can do the entire process within minutes, making it convenient for them to embrace scrapping and its numerous benefits. The company has partnered with Registered Vehicle Scrapping Facilities to ensure that vehicles are dismantled and disposed of in an environmentally responsible manner. To make it a more rewarding experience, by scrapping a car with CARS24 customers can easily avail the best scrap value for their cars ranging from ₹30,000 to up to ₹1 Lakh, depending on the car's scrap value. Additionally, if car owners are planning to purchase a new vehicle, they do not have to pay any registration fee and can utilise the Certificate of Deposit to save up to 25% on road tax, which translates to up to ₹ 50,000 or higher on a brand-new car. CARS24 will enable customers to save up to ₹ 2 lakhs on new cars through this initiative. What adds an interesting twist is that the Certificate of Deposit isn't just a piece of paper—it's a tradable asset! If customers decide not to purchase a new vehicle, they have the option to sell this certificate for a handsome amount, reaching up to ₹ 1 Lakh. For those looking to buy a new car, they will soon have the option to directly purchase CODs from CARS24, unlocking additional financial benefits. CARS24 will enable customers to avail COD benefits with ease. To add more substantial value, it offers to vehicle owners, CARS24's Vehicle Scrapping initiative contributes significantly to the environment. According to industry data, scrapping a single vehicle eliminates emissions equivalent to those produced by 11 new vehicles, resulting in a remarkable annual reduction of 3,300 kilograms of harmful emissions. By scrapping a car with CARS24, customers will also make an eco-friendly choice equivalent to planting 1,650 trees, which helps offset 21 kilograms of emissions for a better ecological impact. This concerted effort reflects CARS24's dedication to creating a cleaner and more sustainable future, one that extends beyond the financial benefits of scrapping old vehicles and actively works towards environmental rejuvenation. Key Benefits to Society and Economy: Emission Reduction: Scrapping vehicles can result in a 15-20% reduction in carbon emissions, as one old vehicle generates emissions equivalent to 11 new cars. Improved Safety: Scrapping old vehicles contributes to better road, passenger, and vehicular safety. Economic Boost: This initiative has the potential to boost auto sector sales and generate employment, along with increasing the availability of low-cost raw materials for the automotive, steel, and electronics industries, thereby contributing significantly to the circular economy. “Our commitment goes beyond a love for cars—it's about making a real impact. Recognizing that many cars on the roads were ready for scrapping, we swiftly launched our seamless Vehicle Scrapping initiative, driven by a sense of urgency. This isn't just about convenience or money; it's a focused journey toward a cleaner, greener future for all. It's a crucial step in addressing environmental challenges and making the process simpler and more rewarding for our customers." says, Vikram Chopra, CEO and Co-Founder, CARS24 Scrap your car in just 4 easy steps Complete a brief questionnaire with precision to obtain an exact quotation tailored to your vehicle. Let our dedicated CARS24 representatives seamlessly guide you through the comprehensive online Vahan process. They will also ensure a hassle-free pickup of your vehicle by RVSF from your location Experience the gratification of receiving your payment, accompanied by an exclusive "Certificate of Deposit," when your vehicle is collected and deposited at RVSF's advanced facility Link to the page : https://www.cars24.com/scrap-cars/ The Vehicle Scrapping Initiative is currently live in Delhi-NCR, however CARS24 is committed to extending the service across the nation, ensuring accessibility to a broader audience..
Cars24 making buying and selling used cars easier in India with new R&D centre in Bengaluru. Shobhit Shrivastava appointed as Senior Director of Engineering to lead innovation and growth. Cars24's Chief Technology Officer excited about Shobhit's addition to the team. Platform expanding globally, creating good brand image..
The CIN of Cars24 Financial Services Private Limited is U65990HR2018PTC075713.
Cars24 Financial Services Private Limited is headquartered at 10Th Floor, Tower B, Unitech Cyber Park, Sector- 39, Gurgaon, Haryana, 122001.
Cars24 Financial Services Private Limited was incorporated on 17 September 2018.
The current directors of Cars24 Financial Services Private Limited are
The primary industry of Cars24 Financial Services Private Limited is Financial And Insurance Service.
Cars24 Financial Services Private Limited is unlisted.
The authorized capital of Cars24 Financial Services Private Limited is ₹7.00 Cr, and the paid-up capital is ₹6.29 Cr.
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