Cars24 Financial Services Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
as on 28-06-2024
- Paid Up Capital ₹ 5.96 Cr
as on 28-06-2024
- Company Age 6 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 240.00 Cr
as on 28-06-2024
- Satisfied Charges ₹ 497.00 Cr
as on 28-06-2024
- Revenue 110.78%
(FY 2023)
- Profit 109.06%
(FY 2023)
- Ebitda 746.85%
(FY 2023)
- Net Worth -1.40%
(FY 2023)
- Total Assets 94.71%
(FY 2023)
About Cars24 Financial Services
The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.00 Cr and a paid-up capital of Rs 5.96 Cr.
The company currently has active open charges totaling ₹240.00 Cr. The company has closed loans amounting to ₹497.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Cars24 Financial Services Private Limited India is Jyoti Gautam as COMPANY SECRETARY. Saurabh Kumar, Ruchit Agarwal, and Gajendra Jangid serve as directors at the Company.
- CIN/LLPIN
U65990HR2018PTC075713
- Company No.
075713
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
17 Sep 2018
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
Gurgaon, Haryana, India
- Telephone
- Email Address
- Website
- Social Media
- Apps
Who are the key members and board of directors at Cars24 Financial Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jyoti Gautam | Company Secretary | 28-Sep-2023 | Current |
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ruchit Agarwal  | Whole-Time Director | 17-Sep-2018 | Current |
| Gajendra Jangid | Director | 17-Sep-2018 | Current |
| Saurabh Kumar | Director | 08-Feb-2019 | Current |
Financial Performance and Corporate Structure Insights of Cars24 Financial Services.
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Cars24 Financial Services?
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.
Related Corporates (Common Directorship)
Cars24 Services Private LimitedActive 9 years 4 monthsRuchit Agarwal and Gajendra Jangid are mutual person
- Cars24 Wholesale Services Private LimitedActive 6 months 17 days
Ruchit Agarwal and Gajendra Jangid are mutual person
- Cars24 Financial Services Holding Private LimitedActive 6 months 28 days
Ruchit Agarwal and Gajendra Jangid are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Yes Bank Limited Creation Date: 20 Mar 2024 | ₹20.00 Cr | Open |
Others Creation Date: 14 Mar 2024 | ₹27.00 Cr | Open |
Hdfc Bank Limited Creation Date: 26 Feb 2024 | ₹15.00 Cr | Open |
How Many Employees Work at Cars24 Financial Services?
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.
Deals i
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.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
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.
