About CarTrade Tech Limited

CarTrade Tech Limited is a leading multi-channel digital marketplace in India, enabling the buying, selling, marketing, valuation, and financing of new and pre-owned vehicles. Founded with the vision to revolutionise automotive commerce through technology, the Company has consistently grown into one of India’s largest digital ecosystems for vehicles and used products. Its platforms include CarWale, CarTrade, BikeWale, Shriram Automall, CarTrade Exchange, Adroit Auto, OLX India, CarWale abSure, and Mobility Outlook, thereby offering comprehensive solutions across consumer, dealer, OEM, and financial institution touchpoints.

The Company’s journey has been marked by milestones such as launching CarTrade.com in 2012, acquiring CarWale and BikeWale in 2016, purchasing a stake in Shriram Automall in 2018, launching CarWale abSure in 2021, and acquiring OLX India in 2023. In 2025, CarTrade Labs was introduced as a dedicated innovation hub driving AI, data science, and digital transformation. Today, CarTrade Tech operates on an asset-light model with over 500 physical locations and an average monthly unique visitor base of 74 million, underpinned by 95%+ organic traffic.

CarTrade Tech Limited Business Segments

The Company reports three key segments

• Consumer Group: Platforms such as CarWale, BikeWale, CarTrade, and abSure connect millions of buyers, dealers, and OEMs. This segment recorded revenue of Rs 238 crore in FY25, reflecting a 27% year-on-year growth, with profit after tax rising 76%. AI-driven recommendations and embedded financial tools enhanced user trust and engagement.

• Remarketing Group: Anchored by Shriram Automall, CarTrade Exchange, and Adroit Auto, this vertical reported Rs 234 crore revenue in FY25, up 12% year-on-year. PAT grew by 58%, driven by 1.4 million vehicle auction listings across 135 Automalls. Retail auctions now contribute 37% of this vertical’s revenues.

• OLX India: This classifieds platform posted Rs 200 crore revenue in FY25, growing 16% year-on-year, with PAT of Rs 46 crore. It enabled transactions worth US$3 billion in GMV, serving 180 million unique users annually. Notably, all traffic was organic with no brand spends, demonstrating its strong trust and recall.

CarTrade Tech Limited Key Management

• Mr. Vinay Vinod Sanghi – Chairman & Managing Director

• Ms. Aneesha Bhandary – Executive Director & CFO

• Mr. Steven Douglas Greenfield – Non-Executive Independent Director (w.e.f. April 1, 2025)
• The founder-led leadership team also includes Mr. Banwari Lal Sharma (CEO, Consumer Business), Mr. Sameer Malhotra (CEO, Shriram Automall), and Mr. Akshay Shankar (Chief Product Officer).

Latest Updates on CarTrade Tech Limited

• Launch of CarTrade Labs, a centre for AI-driven innovation, predictive pricing, and intelligent dealer solutions.

• Expansion of Shriram Automall to 135 locations, strengthening retail auctions.

• OLX India scaling to 180 million users with 100% organic traffic.

• CarWale abSure deepening its footprint with 223 outlets across 37 cities, offering 4S certified used cars.