Infosys CFO Jayesh Sanghrajka joins Cars24 board as director

MUMBAI: Sometimes the boardroom story begins long before the board seat. Cars24 has appointed Infosys chief financial officer Jayesh Sanghrajka as an Independent Director, adding one of India’s most seasoned finance executives to its board as the used-car marketplace sharpens its focus on scale, governance and long-term growth. The appointment carries a personal significance for Cars24 co-founder and chief executive Vikram Chopra, who described it as a “full-circle moment”. Recalling his early years at Infosys as a 25-year-old professional, Chopra said Sanghrajka was among the leaders he admired from afar, long before the two would eventually find themselves working together.

Now, more than two decades later, Sanghrajka is joining the board of the company Chopra helped build.

The move comes at a pivotal stage for Cars24. What began as a platform for buying and selling used vehicles has steadily expanded into a broader mobility ecosystem spanning vehicle financing, ownership services and automotive transactions across India, the UAE and Australia. As the company continues to scale internationally and prepare for its next phase of growth, strengthening governance and board oversight has become an increasing priority.

Sanghrajka brings precisely the kind of experience many growth-stage companies seek as they mature. Currently serving as CFO of Infosys, he has spent more than 13 years at the technology giant across senior finance leadership roles, including Executive Vice President and Deputy CFO, Vice President and Corporate Financial Controller.

Over the course of his career, he has overseen finance, investor relations, mergers and acquisitions and compliance functions at one of India’s most globally recognised listed companies. Infosys, which is publicly traded in both India and the United States, has long been regarded as a benchmark for corporate governance, regulatory compliance and investor communication.

That expertise could prove particularly valuable for Cars24 as it navigates increasingly complex business operations across multiple markets.

Importantly, Sanghrajka is not a newcomer to the company. He has been associated with Cars24 as a member of its Audit Committee since November 2021 and has chaired several committee meetings during that period. His familiarity with the business, financial controls and governance framework means he joins the board with an existing understanding of the company’s operations rather than having to learn them from scratch.

Before rising to the top finance role at Infosys, Sanghrajka built an extensive career spanning technology, consulting, real estate and internet businesses. His résumé includes leadership positions at Mu Sigma, Rediff.com and Tishman Speyer India, while his professional journey began at KPMG India. A Chartered Accountant and Cost Accountant by qualification, he has accumulated more than three decades of experience across finance, taxation, audit, compliance and corporate strategy.

For Cars24, the appointment reflects a broader trend among high-growth technology companies seeking experienced board members with deep expertise in governance, public markets and regulatory oversight. As startups mature into large-scale businesses, board composition is increasingly becoming a strategic lever rather than a compliance requirement.

The addition of Sanghrajka signals that Cars24 is thinking beyond transactions and market share. It is also preparing for the governance demands that come with operating across multiple geographies, managing investor expectations and potentially navigating future public-market ambitions.

For Chopra, however, the announcement appears to carry a more personal resonance. The executive he once viewed as a benchmark of leadership at Infosys is now helping guide the future of Cars24.

And in business, as in life, some of the most meaningful appointments are the ones years in the making.