Sobek Auto India Private Limited, a wholly owned subsidiary of CarTrade Tech Limited, has announced the appointment of Varun Sanghi as the Non-Executive Chairman of OLX India. The appointment marks a significant step in the company’s strategic leadership as it aims to bolster its growth initiatives.
Varun Sanghi has been a pivotal figure at CarTrade Tech Limited for over a decade, currently serving as the Chief Strategy Officer. In his role, he has significantly influenced the company’s strategic direction and spearheaded key growth initiatives. His expertise spans multiple areas, including corporate finance, business development, product development, and strategic investments.
Sanghi was instrumental in the acquisition of OLX India in 2023 and has since played a crucial role in post-integration efforts, driving growth, and scaling the platform. He also leads CarTrade Labs, the company’s innovation and technology hub, which focuses on developing next-generation digital solutions and fostering product innovation.
His contributions have been widely recognised, with accolades such as being featured in Forbes India’s 30 Under 30 list and Business World’s 40 Under 40 – Auto Industry Leaders.
As the new Chairman of OLX India, Sanghi will provide strategic insights and collaborate closely with the Board and leadership team to navigate the company’s next growth phase. His focus will remain on innovation, trust, and customer-centricity.
Expressing his enthusiasm for the new role, Sanghi stated, “I am honoured to take on the role of Chairman at OLX India. Having been closely involved with the business over the past few years, I have witnessed the strength of the platform and the significant opportunity ahead. Our focus will be on building a more trusted, product-led marketplace, with disciplined execution and a clear focus on long-term value for our customers and partners. I look forward to working closely with the Board and leadership team as we enter this next phase of growth.”
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).