Gurugram: CARS24, an autotech platform, has announced the elevation of Shivanshu Makkar as Chief Financial Officer (CFO) for its India business.
In his new role, Shivanshu will spearhead CARS24’s financial strategy with a focus on fueling growth through strong governance, disciplined capital allocation, and long-term planning. His mandate will encompass fiscal efficiency, compliance, risk management, and establishing frameworks that promote transparency, accountability, and organizational resilience.
Shivanshu’s journey at CARS24 over the past four years highlights his versatility and appetite for challenges. He began in the CEO’s Office, working on scaling new initiatives, before moving into the Retail Business—first as Director and later as Associate Vice President. Along the way, he has handled multiple responsibilities across P&L, growth, customer experience, and operations. This extensive exposure, combined with his ability to take on complex roles, equips him with a unique perspective that will guide his approach as CFO.
Speaking on the elevation, Himanshu Ratnoo, CEO – India, CARS24, said, “Shivanshu brings a rare combination of financial acumen and business depth. He has consistently turned challenges into opportunities and delivered impact across roles. As CFO, his ability to pair visionary thinking with disciplined execution will be central to strengthening our foundation and accelerating our mission of making car ownership effortless.”
A Chartered Accountant and MBA, Shivanshu is an alumnus of SRCC and IIM Ahmedabad. Prior to joining CARS24, he spent nearly five years with McKinsey & Company, advising global clients on growth strategy, operations, and financial transformation. His consulting expertise, combined with his leadership journey at CARS24, positions him to drive significant value at scale.
Commenting on his elevation, Shivanshu Makkar said, “CARS24 has always believed in moving fast, but moving fast also means being thoughtful with how we use our resources. My focus is to bring in the right financial discipline without slowing the pace of innovation. It’s about striking that balance, growing aggressively, but sustainably, and always with the customer at the center.”
