Cars24 Services Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 18.22 Cr
- Company Age 9 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 590.00 Cr
- Satisfied Charges ₹ 810.00 Cr
- Revenue Growth 113.79%
- Profit Growth -30.32%
- Ebitda -435.91%
- Net Worth 11.71%
- Total Assets 53.13%
About Cars24 Services
Cars24 Services Private Limited (CSPL) is a Private Limited Foreign Company Incorporated In India incorporated in India on 12 August 2015 (Nine years and nine months 3 days old ). Its registered office is in Gurugram, Haryana, India.
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 2024. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 18.22 Cr.
The company currently has active open charges totaling ₹590.00 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 Jyoti Gautam as COMPANY SECRETARY. Ruchit Agarwal and Gajendra Jangid serve as directors at the Company.
Company Details
- Location
Gurugram, Haryana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U74999HR2015FTC056386
- Company No.
056386
- Company Classification
Private Limited Foreign Company Incorporated In India
- Incorporation Date
12 Aug 2015
- Date of AGM
28 Oct 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
E-Commerce
Cars24 Services Private Limited
Explore comprehensive data for Cars24 Services Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Cars24 Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jyoti Gautam | Company Secretary | 26-Oct-2024 | 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 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
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Cars24 Services?
In 2021, Cars24 Services had a promoter holding of 100.00%. The company had 1 Subsidiary. 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
Ruchit Agarwal, Gajendra Jangid and 1 more are mutual person
Nnc Advisors LlpRuchit Agarwal is a mutual person
- Vmrg Advisors Llp
Ruchit Agarwal and Gajendra Jangid are mutual person
- Cars24 Wholesale Services Private Limited
Ruchit Agarwal and Gajendra Jangid are mutual person
- Cars24 Financial Services Holding Private Limited
Ruchit Agarwal and Gajendra Jangid are mutual person
- Kygs Advisors Llp
Gajendra Jangid is a mutual person
Charges (Loans)
Open Charges
₹590.00 Cr
Satisfied Charges
₹810.00 Cr
Charges Breakdown by Lending Institutions
- Others : 590.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jan 2023 | Others | ₹590.00 Cr | Open |
| 17 Dec 2021 | Standard Chartered Bank | ₹75.00 Cr | Satisfied |
| 03 Dec 2021 | Others | ₹30.00 Cr | Satisfied |
| 04 Oct 2021 | Others | ₹60.00 Cr | Satisfied |
| 30 Sep 2021 | Others | ₹20.00 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.
Latest Updates, News, and FAQs on Cars24 Services
Recent activity within the organization
- Charges
A charge with Others of Rs. 590.00 Cr registered on 09 Jan 2023 with Charge ID 100672412 was modified on 05 Dec 2024.
- Annual General Meeting
Cars24 Services Private Limited last Annual general meeting of members was held on 28 Oct 2024 as per latest MCA records.
- Director Appointment
Jyoti Gautam was appointed as a Company Secretary was appointed as a Company Secretary on 26 Oct 2024 & has been associated with this company since 6 months 19 days .
- Balance Sheet
Cars24 Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
- Charges
A charge registered on 29 Jul 2021 via Charge ID 100469824 with Others was fully satisfied on 14 Dec 2023.
- Charges
A charge registered on 04 Oct 2021 via Charge ID 100528730 with Others was fully satisfied on 11 Oct 2023.
Recent News, Updates & Announcement
CARS24 Financial Services Teams Up with Credgenics to Digitize Collections Process | Technology.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.
- Spurred by robust used car sales, Cars24 to expand its network in India | Mint.
Cars24 has increased its presence in India from 25 to 50 cities this year, and will be in 25 more cities by the end of 2019.Cars24 co-founder and CMO Gajendra Jangid said the number of used cars they sold in September is higher than the total number of new passenger vehicles sold in India.
- Former Indian cricket captain MS Dhoni invests in CARS24.
CARS24 is among the largest platforms for buying and selling cars in the country. .
- Cars24 Launches Cars24 Financial Services Pvt. Ltd. to Provide Loans for Used Cars in Delhi, Mumbai, and Bangalore, Expanding to More Cities. Customers Can Get Loans Based on Car Value, Channel Partners Eligible for Up to Rs 1 Crore. Company Aims to Hire 200 Employees and Disburse $25 Million in First Year, Making Car Ownership More Accessible..
Cars24 now offers loans for used cars through their new entity, Cars24 Financial Services Pvt. Ltd. They will start in Delhi, Mumbai, and Bangalore and expand to other cities. Customers can get loans based on the car value, while channel partners can get up to Rs 1 crore. They plan to hire 200 people and disburse $25 million in loans in the first year. This will help people who couldn't afford a car before..
Frequently asked questions
What is the Incorporation or founding date of Cars24 Services Private Limited?
Cars24 Services Private Limited was incorporated on 12 Aug 2015.
What is authorized share capital and paid-up capital of Cars24 Services Private Limited?
The authorized share capital of Cars24 Services Private Limited is ₹ 20.00 Cr and paid-up capital is ₹ 18.22 Cr.
Who are the current board members & directors of Cars24 Services Private Limited?
Currently 3 directors are associated with Cars24 Services Private Limited.
- Ruchit Agarwal
- Gajendra Kumar Jangid
- Jyoti Gautam
What is the registered address of Cars24 Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Cars24 Services Private Limited is 10Th Floor Tower – B, Unitech Cyber Park Sector - 39 India, Gurugram, Haryana, 122001.
What is the corporate identification number (CIN) and company number of Cars24 Services Private Limited?
The corporate identification number (CIN) of Cars24 Services Private Limited is U74999HR2015FTC056386 and the company number is 056386 as per Ministry of Corporate Affairs (MCA).
What is the official website of Cars24 Services Private Limited?
The Official website of Cars24 Services Private Limited is https://www.cars24.com
What has been the recent revenue trend for Cars24 Services Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Cars24 Services Private Limited has risen by 113.79%.
How many employees does Cars24 Services Private Limited currently have?
As Per 2022 financial reports, 2212 employees are currently employed by Cars24 Services Private Limited.
What change has been observed in the net worth of Cars24 Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Cars24 Services Private Limited has experienced an upsurge of 11.71%.
What are the total open charges for Cars24 Services Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Cars24 Services Private Limited amount to ₹ 590.00 Cr.
When was the last Balance Sheet of Cars24 Services Private Limited filed with the ROC?
The most recent Balance Sheet for Cars24 Services Private Limited was filed with the ROC on 31 Mar 2024.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records
People also Viewed
Chopra RajeshWholetime DirectorMA
Mehul AgrawalWholetime Director
Similar Companies Based on Online Automotive Platforms
Krsv Innovative Auto Solutions Private Limited Bangaluru, Karnataka, India
Cariot Auto Private Limited Delhi, India
Sheerdrive Private Limited Showroom Metro Estate Kalina Mumbai, Maharashtra, India
Pitzo India Private Limited Delhi, India
Droom Technology Private Limited Delhi, India
Girnar Software Private Limited Jaipur, Rajasthan, India
Valuedrive Technologies Private Limited Gurugram, Haryana, India