Stock Report

OLX India Appoints Varun Sanghi as Non-Executive Chairman

Posted On : 2026-04-07 23:50:11( TIMEZONE : IST )

Sobek Auto India Private Limited ("OLX India") material wholly owned subsidiary of the Company, today announced the appointment of Mr. Varun Sanghi as NonExecutive Chairman.

Mr. Sanghi has been associated with CarTrade Tech Limited for over a decade and currently serves as Chief Strategy Officer, where he has been instrumental in shaping the Company's strategic direction and driving key growth initiatives across the group.

Over the years, Mr. Sanghi has played a pivotal role across multiple areas, including corporate finance, business development, product development and strategic investments. He was a key member of the leadership team involved in the acquisition of OLX India in 2023 and has since been instrumental in leading post-integration initiatives, accelerating growth and building the platform at scale. He also leads CarTrade Labs, the Company's innovation and technology hub, focused on building next-generation digital solutions and driving product innovation.

Mr. Sanghi's contributions have been widely recognized, including being featured in Forbes India's 30 Under 30 list and Business World's 40 Under 40 - Auto Industry Leaders.

As Chairman of OLX India, Mr. Sanghi will provide strategic insights and work closely with the Board and leadership team to guide the company through its next phase of growth, with a continued focus on innovation, trust, and customer-centricity.

Varun Sanghi, Chief Strategy Officer, CarTrade Tech Limited, said: "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."

Shares of CarTrade Tech Ltd was last trading in BSE at Rs. 1765.50 as compared to the previous close of Rs. 1738.15. The total number of shares traded during the day was 15189 in over 1985 trades.

The stock hit an intraday high of Rs. 1830.00 and intraday low of 1724.05. The net turnover during the day was Rs. 27115967.00.