CARS24 has announced the elevation of Shivanshu Makkar as Chief Financial Officer for its India operations, marking a significant addition to the company’s leadership team.
Makkar, who has been with CARS24 for the past four years, has worked across several key areas including the CEO’s office, retail, growth, operations, and customer experience. His wide-ranging experience, combined with strong financial expertise, is expected to guide the company’s approach to capital allocation, compliance, and risk management, while driving operational efficiency and resilience.
Himanshu Ratnoo, CEO India, CARS24, said Makkar brings “a rare combination of financial acumen and business depth” that will help reinforce the company’s foundation and advance its mission of making car ownership effortless.
A Chartered Accountant and graduate of IIM Ahmedabad, Makkar previously worked with McKinsey & Company for nearly five years. During his tenure, he advised global clients on financial transformation and growth strategies.
Speaking on his new role, Makkar said his focus will be on balancing rapid innovation with disciplined financial management. “My priority will be to ensure that CARS24 continues to grow sustainably with the customer at its core,” he stated.
With this appointment, CARS24 has strengthened its leadership bench as it prepares for the next stage of growth in India’s evolving autotech sector.
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