Cars24 is witnessing a fresh wave of leadership exits, with co-founder Gajendra Jangid stepping down from his role, adding to ongoing changes at the top level. The development comes at a critical juncture as the company prepares for its anticipated initial public offering (IPO).
Prior to co-founding Cars24, Jangid spent close to a decade at Schlumberger, where he held a range of engineering and operational leadership roles across India. He served as WIT Operations Manager, INM from August 2014 to October 2015) in the Mumbai Metropolitan Region, leading the Well Integrity Technology segment across India, Sri Lanka and Bangladesh, after working as WIT Field Service Manager (FSM) between August 2013 to August 2014 in Gurugram, overseeing cementing operations for land projects. Prior to that, he was DESC Engineer (Cementing) from November 2011 to August 2013 in Gurgaon and Deepwater Cementing Engineer from February 2011 – November 2011 in Mumbai. He also held the role of Engineer-in-Charge (EIC), WIT North East between July 2010 to February 2011 in Nazira, Assam, and began his career as a Field Engineer, Cementing October 2006 to July 2010.
At Cars24, Jangid was instrumental in building the company’s seller marketplace and auction ecosystem, contributing significantly to its scale and operational backbone since inception. His exit marks a notable shift in leadership as the company moves into its next phase.
This move follows the earlier exit of Himanshu Ratnoo, who stepped down as CEO of Cars24’s India used car business, signalling a broader phase of leadership transition. The back-to-back leadership changes come as Cars24 looks to strengthen its global presence and streamline operations in preparation for public markets.
