Brands
Cars24 CEO Himanshu Ratnoo to step down, Vikram Chopra takes the reins: Reports
Co-founder Vikram Chopra will lead India’s used car business after Ratnoo exit
MUMBAI: According to media reports, Himanshu Ratnoo is stepping down as CEO of Cars24, handing the reins to co-founder Vikram Chopra, who will now lead the India used cars business.
Ratnoo, an IIM Calcutta alumnus, joined Cars24 in 2020 as vice president before becoming CEO in July 2024. Over the past year, he has driven strategic growth and innovation in the country’s bustling used car market.
Before Cars24, Ratnoo built an impressive track record across India and Southeast Asia. He led logistics operations at foodpanda and Jabong, scaled last-mile delivery for Rocket Internet across multiple countries, and served in senior strategy roles at BlackBuck. He also co-founded Uncover Wellness and Meddo Health, showcasing his entrepreneurial flair.
A graduate of BITS Pilani with a BE in Computer Science, Ratnoo began his career at the Aditya Birla Group and had a stint at Barclays in London, adding global experience to his extensive leadership résumé.
Vikram Chopra, who co-founded Cars24 and knows the business inside out, now faces the challenge of keeping momentum in one of India’s most competitive digital marketplaces. The move signals a new chapter for Cars24 as it accelerates its growth in the booming used car segment.
