CarTrade Tech Limited, a leading digital auto marketplace, has announced the appointment of Varun Sanghi as its new Chief Strategy Officer (CSO), effective November 1, 2025. This strategic move, recommended by the company's Nomination and Remuneration Committee, aims to bolster CarTrade Tech's leadership team and drive future growth initiatives.

A Decade of Experience at CarTrade Tech

Varun Sanghi brings over ten years of experience with CarTrade Tech to his new role. His journey with the company began as a Product Manager, where he played a pivotal role in conceptualizing and launching the Auto Finance product, which remains an integral part of CarTrade Tech's offerings.

Key Contributions and Achievements

Throughout his tenure, Sanghi has made significant contributions across multiple areas of the business:

• Corporate Finance
• Business Development
• Strategic Investments

Notably, Sanghi was a key member involved in the acquisition of OLX India in 2023. Since then, he has led post-integration initiatives, focusing on:

• Driving strategy
• Identifying and implementing synergies
• Accelerating revenue growth across the combined businesses

Innovation and Technology Leadership

In his current role, Sanghi oversees CarTrade Labs, the company's innovation and technology hub. This initiative is aimed at fostering new-age digital solutions, strategy, and product innovation, positioning CarTrade Tech at the forefront of technological advancements in the auto marketplace sector.

Board Positions and Industry Recognition

Sanghi's expertise and leadership extend beyond his operational roles. He currently serves as a Director on the boards of:

• Sobek Auto India Private Limited (OLX India)
• Shriram Automall India Limited
• CarTrade Foundation

His achievements have also garnered external recognition, including:

• Featured in Forbes India's "30 Under 30" list
• Named in Business World's "40 Under 40 – Auto Industry Leaders"

These accolades reflect Sanghi's growing industry stature and strategic acumen.

Implications for CarTrade Tech

The appointment of Varun Sanghi as CSO comes at a time when CarTrade Tech is experiencing significant growth. In its recent financial results for Q2 FY26, the company reported:

Sanghi's extensive experience within the company and his proven track record in strategic initiatives position him well to contribute to CarTrade Tech's continued expansion and innovation in the digital auto marketplace sector.

As CarTrade Tech continues to strengthen its position in the market, with a presence in over 500 physical locations and its digital platforms each catering to more than 150 million annual unique visitors, Sanghi's role as CSO will be crucial in shaping the company's strategic direction and maintaining its growth momentum.

The appointment of Varun Sanghi as Chief Strategy Officer underscores CarTrade Tech's commitment to nurturing internal talent and leveraging deep industry expertise to drive its future growth and innovation strategies.

CarTrade Tech Limited, a leading digital auto marketplace ecosystem in India, has announced its financial results for the second quarter of fiscal year 2026, showcasing remarkable growth across key metrics.

Record-Breaking Performance

The company reported its highest-ever quarterly revenue of ₹222.14 crore in Q2 FY26, marking a substantial 29% year-on-year (YoY) growth. This impressive top-line performance was accompanied by an even more striking bottom-line improvement, with Profit After Tax (PAT) reaching ₹64.08 crore, representing a 109% YoY increase.

Key Financial Highlights for Q2 FY26

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed remarkable improvement, growing by 94% YoY to ₹63.60 crore. This resulted in an EBITDA margin expansion to 28.6% in Q2 FY26, compared to 19% in the same quarter last year.

Segment-wise Performance

CarTrade Tech's growth was broad-based, with all three business verticals delivering their highest-ever revenue and profits:

1. Consumer Group: Achieved 37% YoY revenue growth and 82% YoY PAT growth. The segment reached a 40% EBITDA margin in Q2 FY26.

2. Remarketing Business: Posted 23% YoY revenue growth and 30% YoY PAT growth.

3. OLX India: Continued its strong momentum with 17% YoY revenue growth and an impressive 213% YoY increase in profits.

Operational Highlights

• The company attracted approximately 85 million average monthly unique visitors during Q2 FY26, with 95% of the traffic being organic.
• CarTrade Tech expanded its physical presence to over 500 locations, including Shriram Automall, CarWale abSure & Signature dealers, and OLX India franchisees.
• Its leading digital platforms—CarWale, BikeWale, and OLX India—each cater to more than 150 million annual unique visitors.
• The remarketing business achieved an annualized run-rate of 1.8 million listings for auction.

Management Commentary

Vinay Sanghi, Chairman and Founder of CarTrade Tech, commented on the results: "We are delighted to deliver yet another record quarter with strong growth across all our businesses. The consistent momentum in revenues and profitability reflects the strength of our diversified digital ecosystem and the focus on operational excellence."

Financial Position

As of September 30, 2025, CarTrade Tech maintained a strong financial position with a debt-free balance sheet and a robust cash balance of approximately ₹1,080 crore.

The company's performance in Q2 FY26 demonstrates its ability to capitalize on the growing digital automotive market in India. With its multi-platform strategy and focus on profitability, CarTrade Tech appears well-positioned to continue its growth trajectory in the coming quarters.