CarTrade Tech Subsidiary OLX India Appoints New Non-Executive Chairman
Filing Summary
CarTrade Tech Ltd announced that its wholly owned subsidiary, Sobek Auto India Private Limited, known as OLX India, has appointed Varun Sanghi as the Non-Executive Chairman. Mr. Sanghi has been with CarTrade Tech for over a decade, serving as Chief Strategy Officer. He has played a significant role in strategic initiatives, including the acquisition of OLX India in 2023. The appointment was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The press release is available on CarTrade Tech’s website.
CarTrade Tech Ltd has disclosed the appointment of Varun Sanghi as the Non-Executive Chairman of its wholly owned subsidiary, Sobek Auto India Private Limited, known as OLX India. The announcement was made on April 7, 2026, and is in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mr. Sanghi has been associated with CarTrade Tech Ltd for over ten years and currently holds the position of Chief Strategy Officer. His responsibilities have included shaping the company’s strategic direction and driving key growth initiatives across the group. 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.
In his role as Chief Strategy Officer, Mr. Sanghi has contributed to corporate finance, business development, product development, and strategic investments. He also leads CarTrade Labs, the company’s innovation and technology hub, which focuses on building next-generation digital solutions and driving product innovation.
Mr. Sanghi’s contributions have been recognized in the industry, 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, he will provide strategic insights and work closely with the Board and leadership team.
CarTrade Tech Ltd is focused on providing a digital automotive platform for buying and selling vehicles. The company prioritizes innovation and customer-centric solutions, aiming to enhance its marketplace offerings and expand its technological capabilities.