Used-car marketplace Cars24 has appointed Jayesh Sanghrajka, Chief Financial Officer of Infosys, as an Independent Director on its board. The move comes as Cars24 expands its business across India, the UAE, and Australia while strengthening its governance and leadership structure.
The appointment was announced by Cars24 co-founder and CFO Ruchit Agarwal, who described it as a significant milestone for both the company and his own professional journey. In a LinkedIn post, Agarwal reflected on first meeting Sanghrajka during his early days at Infosys and said welcoming him to the Cars24 board was a “full circle moment.”
Sanghrajka brings extensive experience in finance, mergers and acquisitions, investor relations, and corporate governance. At Infosys, he oversees the company’s finance function and has spent years navigating public-market regulations in both India and the United States.
While Sanghrajka’s board appointment is new, his association with Cars24 dates back several years. He has served on the company’s audit committee for four years and has chaired multiple committee meetings, giving him deep familiarity with the business and its governance practices.
Founded in 2015, Cars24 has grown into one of India’s largest online platforms for buying and selling pre-owned vehicles and is backed by investors including SoftBank, Alpha Wave Global, and Tencent. The company now operates across multiple international markets while expanding into adjacent automotive services.
With Sanghrajka joining its board, Cars24 is adding a seasoned finance leader at a time when governance, operational scale, and capital-market expertise are becoming increasingly important for the company’s long-term ambitions.
