CarTrade Tech Limited has announced key leadership updates, including the reappointment of Vinay Vinod Sanghi as the Managing Director and the appointment of Steven Douglas Greenfield as an Additional Director in the category of Non-Executive Independent Director. The company made the announcement following the recommendations of its Nomination and Remuneration Committee during a meeting held on April 01, 2025.

Vinay Sanghi's Reappointment as Managing Director

Mr. Vinay Vinod Sanghi, the founder of CarTrade Tech, has been reappointed as the Managing Director of the company for another five-year term, starting from April 01, 2026, and continuing through March 31, 2031. This reappointment follows the expiration of his current tenure and aligns with regulatory guidelines, as it was approved one year before the end of his present term.

Mr. Sanghi’s leadership has been pivotal in building CarTrade Tech into a leading automotive marketplace. Since its inception in 2009, Sanghi has been instrumental in the company’s growth, including significant acquisitions such as CarWale, BikeWale, Adroit Auto, Shriram Automall, and OLX India. His extensive experience in the automotive sector, combined with his vision, has placed CarTrade Tech at the forefront of India’s automotive ecosystem. Mr. Sanghi has previously worked with Mahindra First Choice Wheels Ltd., contributing to the industry's standards of excellence.

Steven Greenfield's Appointment as Non-Executive Independent Director

Additionally, Steven Douglas Greenfield has been appointed as an Additional Director of the company in the category of Non-Executive Independent Director, effective April 01, 2025, for a five-year term, ending March 31, 2030. This appointment is subject to shareholder approval.

Mr. Greenfield brings over 25 years of experience in the automotive technology space. His career began in 1999, where he focused on selling software to car dealers. He has overseen the acquisition of more than $1 billion in automotive technology assets, including his time at TrueCar and AutoTrader.com, where he served as the Senior Vice President of Strategy and Business Development. Mr. Greenfield also played a key role in the international expansion of Manheim, managing joint ventures in markets such as Dubai, Istanbul, and Beijing.

Background and Qualifications of Both Leaders

1. Vinay Vinod Sanghi – As a founder and the driving force behind CarTrade Tech, Mr. Sanghi has been crucial to the company's success. He has established a solid reputation in the automotive industry and is known for his efforts in driving the company's vision forward.

2. Steven Douglas Greenfield – With his deep understanding of the automotive technology space and his extensive leadership experience in acquisitions and product management, Mr. Greenfield's expertise will bring significant value to CarTrade Tech, especially in its quest for continued growth and innovation in the automotive sector.

Shareholder Approval and Compliance

Both appointments are subject to approval by the shareholders at the upcoming AGM. The company has also provided necessary disclosures under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including a brief profile of both individuals in the ANNEXURE A section of the filing.

Conclusion

The reappointment of Vinay Sanghi and the appointment of Steven Greenfield are key moves for CarTrade Tech, positioning the company for continued growth and leadership in the automotive marketplace. These strategic appointments align with the company’s long-term goals and vision, ensuring that the organization continues to thrive under capable leadership.

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