Cars24 Services Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
as on 28-06-2024
- Paid Up Capital ₹ 17.30 Cr
as on 28-06-2024
- Company Age 9 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 570.00 Cr
as on 28-06-2024
- Satisfied Charges ₹ 810.00 Cr
as on 28-06-2024
- Revenue 113.79%
(FY 2022)
- Profit -30.32%
(FY 2022)
- Ebitda -435.91%
(FY 2022)
- Net Worth 11.71%
(FY 2022)
- Total Assets 53.13%
(FY 2022)
About Cars24 Services
The Company is engaged in the E-Commerce 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 20.00 Cr and a paid-up capital of Rs 17.30 Cr.
The company currently has active open charges totaling ₹570.00 Cr. The company has closed loans amounting to ₹810.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Cars24 Services Private Limited India is Avinash Sachan as COMPANY SECRETARY. Gajendra Jangid and Ruchit Agarwal serve as directors at the Company.
- CIN/LLPIN
U74999HR2015FTC056386
- Company No.
056386
- Company Classification
Private Limited Foreign Company Incorporated In India
- Incorporation Date
12 Aug 2015
- Date of AGM
29 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 Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Avinash Sachan | Company Secretary | 16-Oct-2023 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ruchit Agarwal  | Director | 04-Jul-2020 | Current |
| Gajendra Jangid | Director | 09-Dec-2022 | Current |
Financial Performance and Corporate Structure Insights of Cars24 Services.
Cars24 Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 113.79% increase. The company also saw a substantial fall in profitability, with a 30.32% decrease in profit. The company's net worth Soared by an impressive increase of 11.71%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Cars24 Services?
In 2021, Cars24 Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Cars24 Financial Services Private Limited
Active 6 years 2 monthsGajendra Jangid and Ruchit Agarwal are mutual person
Cars24 Financial Services Holding Private Limited
Active 6 monthsGajendra Jangid and Ruchit Agarwal are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 09 Jan 2023 | ₹570.00 Cr | Open |
Standard Chartered Bank Creation Date: 17 Dec 2021 | ₹75.00 Cr | Satisfied |
Others Creation Date: 03 Dec 2021 | ₹30.00 Cr | Satisfied |
How Many Employees Work at Cars24 Services?
Cars24 Services has a workforce of 2212 employees as of Mar 28, 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 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 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.
