CarTrade Tech Limited CarWale BikeWale

CarTrade Tech Limited is a multi-channel auto platform with coverage and presence across vehicle types and
value-added services.

The company offer a variety of solutions across the automotive transaction value chain such as the buying, selling, marketing, valuation, and financing of new and pre-owned cars, two-wheelers, commercial vehicles, and farm and construction equipment.

Profile of CarTrade Tech Ltd

CarTrade Tech is a India’s leading multi-channel auto platform that connects various players in the automotive value chain. The company is an online and offline marketplace with an average monthly unique visitors of 3 crores and cater to more than 12+ lakhs auctions listings in a year and help facilitate and simplify the auto journey across India.

The company operate through several platforms: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and our new vehicle CRM solution Autobiz. Our platforms enable new and used automobile customers, vehicle dealerships, vehicle OEMs, and other businesses to buy and sell their vehicles in a simple and efficient manner.

On August 20, 2021 the Company was listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) through an Initial Public Offer (IPO) through Offer for Sale.

  • ₹ 358 crores Revenue
  • 3 crores Average monthly unique visitors

The Company, along with its subsidiaries operates an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders. The Group owns and operates under several brands: CarTrade, CarWale, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz. Through these platforms, the Group enables new and used automobile customers, vehicle dealerships, automotive manufacturers and other businesses to buy and sell their vehicles in a simple and efficient manner.

CarTrade Tech Financials
CarTrade Tech Financials

CarTrade Tech Limited (formerly known as “MXC Solutions India Private Limited “) was incorporated on April 28, 2000 as a private Company domiciled in India, under the Companies Act, 1956. Its registered office is at 12th Floor, Vishwaroop IT Park, Sector 30A, Vashi, New Mumbai, Thane, Maharashtra – 400 705.

CarWale and CarTrade

CarWale and CarTrade provide research services to customers looking for new and used cars and connect them with dealers,
OEMs, and other partners to sell and buy cars. In addition, we engage with financing and automotive ancillary companies to offer their products and services.

BikeWale

BikeWale provides research services to customers looking for new and used two-wheelers and connects them with dealers, OEMs, and other partners to sell and buy two-wheelers. In addition, we engage with financing and automotive ancillary companies to offer their products and services.

Mobility Outlook Mobility-focused industry intelligence – offering insightful perspectives on the entire mobility ecosystem all in one place.

CarTrade Tech Limited CarWale BikeWale Brands
CarTrade Tech Limited CarWale BikeWale Brands

CarTrade Exchange

CarTrade Exchange is an online auction platform and a used vehicle enterprise resource planning (“ERP”) tool. It is used by
consumers, business sellers, dealers, and fleet owners to sell vehicles to automotive dealers and fleet owners. Automotive dealers also use CarTrade Exchange to manage their processes for procurement, inventory management, and customer relationship management (‘CRM’).

Shriram Automall

Shriram Automall India Limited (SAMIL) provides a variety of integrated solutions for buyers and sellers of any kind of pre-owned vehicle and equipment. Shriram Automall is an auto auction platform which facilitates sales of pre-owned cars, two-wheelers, commercial vehicles, threewheelers, and farm and construction equipment.

Adroit Auto

Adroit Auto offers vehicle inspection and valuation services used by insurance companies, banks, and other financial
institutions.

Vinay Vinod Sanghi Chairman and Managing Director

Vinay Sanghi is the founder and the driving force of CarTrade Tech since its inception in 2009. He has been instrumental in building the vision of the Company and taking it from a start-up to a leading automotive marketplace. With more than three
decades in the ecosystem, Vinay has established a standard of excellence in the auto industry.

Previously, he was employed with Mahindra First Choice Wheels Ltd. Currently also serving as an Independent Director of HDFC Ergo General Insurance Company Ltd.

Raveendran R
Editor @ Indiancompaies.in

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