Cars24 CEO Himanshu Ratnoo to step down

Himanshu Ratnoo, CEO of Cars24’s India used-cars business, is set to step down after nearly six years with the company, according to media reports.

Ratnoo joined the SoftBank-backed company in 2020 as vice president and was promoted to CEO of the India used-cars vertical in 2024. The segment accounts for more than half of the Gurugram-based company’s overall business.

Before joining Cars24, Ratnoo worked with Bengaluru-based logistics technology platform Blackbuck.