OLX India Appoints Varun Sanghi as Non-Executive Chairman
Sobek Auto India Private Limited, a wholly owned subsidiary of CarTrade Tech Limited, announced the appointment of Mr. Varun Sanghi as Non-Executive Chairman. Mr. Sanghi has been associated with CarTrade Tech Limited for over a decade and currently serves as Chief Strategy Officer, where he has guided the Company's strategic direction and driven growth initiatives across the group.Throughout his tenure, Mr. Sanghi has been pivotal in corporate finance, business development, product development, and strategic investments. He was a core member of the leadership team involved in the acquisition of OLX India in 2023 and has since played a key role in leading post-integration efforts, which helped accelerate growth and build the platform at scale. Furthermore, he leads CarTrade Labs, the Company's technology hub, focusing on developing next-generation digital solutions and driving product innovation.
Mr. Sanghi's contributions have received recognition, including features on Forbes India's 30 Under 30 list and Business World's 40 Under 40 - Auto Industry Leaders list.
In his new capacity as Chairman of OLX India, Mr. Sanghi will offer strategic insights and partner with the Board and leadership team to guide the company through its next phase of growth, maintaining a focus on innovation, trust, and customer-centricity.
Speaking on the appointment, Varun Sanghi, Chief Strategy Officer of CarTrade Tech Limited, stated, 'I am honoured to take on the role of Chairman at OLX India. Having been closely involved with the business over the past few years, I have witnessed the strength of the platform and the significant opportunity ahead. Our focus will be on building a more trusted, product-led marketplace, with disciplined execution and a clear focus on long-term value for our customers and partners. I look forward to working closely with the Board and leadership team as we enter this next phase of growth.'
CARTRADE Stock Price Movement
Shares of Cartrade Tech Limited are edging higher to ₹1754.9 as of 3:30 PM today, climbing 0.89% on the live exchange. The stock shows robust current momentum, supported by a trading volume totaling 390,224 shares.Source:
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