Himanshu Ratnoo to Depart as CARS24 India CEO After Five Years Amidst IPO Ambitions

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CARS24 India CEO Himanshu Ratnoo Steps Down Amidst IPO Buzz

Following Ratnoo’s exit, CARS24 cofounder and chief executive Vikram Chopra will temporarily take charge of the India used-car business.

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Storyboard•09-03-2026, 14:26

CARS24 India CEO Himanshu Ratnoo Steps Down Amidst IPO Buzz

•Himanshu Ratnoo resigns as CARS24 India CEO after over five years with the company.
•CARS24 cofounder Vikram Chopra will temporarily take charge of the India used-car business.
•During his tenure, Ratnoo oversaw C2B and retail operations, expanding the franchise network and improving lead monetization.
•His departure comes as CARS24 reportedly considers plans for a public listing within 6-12 months.
•The company reported 18% adjusted net revenue growth and a 36% reduction in adjusted EBITDA loss for H1 FY26.

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