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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
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Storyboard
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09-03-2026, 14:26
CARS24 India CEO Himanshu Ratnoo Steps Down Amidst IPO Buzz
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Himanshu Ratnoo resigns as CARS24 India CEO after over five years with the company.
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CARS24 cofounder Vikram Chopra will temporarily take charge of the India used-car business.
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During his tenure, Ratnoo oversaw C2B and retail operations, expanding the franchise network and improving lead monetization.
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His departure comes as CARS24 reportedly considers plans for a public listing within 6-12 months.
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The company reported 18% adjusted net revenue growth and a 36% reduction in adjusted EBITDA loss for H1 FY26.
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