Cars24 co-founder Gajendra Jangid steps down amid leadership churn

NEW DELHI: Cars24 has seen further top-level changes with co-founder Gajendra Jangid stepping down, adding to a series of senior exits at the company in recent months.

According to media reports, Jangid conveyed his decision in an internal communication to employees, stating that he had been considering the move for some time. He noted that there comes a stage when a company no longer relies on its founders to keep progressing, adding that it felt like the right moment to step back.

His exit follows a period of notable leadership churn at the Gurugram-based company. Recently, Himanshu Ratnoo stepped down as chief executive officer, while Ankit Bhalla also exited the organisation, signalling movement across key roles.

Responding to the development, Vikram Chopra acknowledged Jangid’s contribution, crediting him for shaping the brand, driving its marketing direction, and supporting the development of key teams and platforms within the ecosystem.

With multiple senior departures in quick succession, the company appears to be entering a phase of internal restructuring as it continues to scale its used car business in a competitive market.