CarTrade Tech Limited » has officially announced the resignation of Amit Kumar as the Managing Director and CEO of Sobek Auto India Private Limited, which operates as OLX India » . Kumar's resignation will take effect on January 31, 2025, as he plans to pursue new career opportunities.
CarTrade shared this news with the Bombay Stock Exchange (BSE) » and the National Stock Exchange (NSE) » , emphasizing that the transition in leadership will be managed smoothly. Vinay Sanghi, Chairman of OLX India, will take on a key role in overseeing the leadership transition, alongside the executive team.
Reflecting on his time at OLX India, Kumar expressed his deep gratitude for the opportunity, particularly after CarTrade's acquisition of OLX India's auto business in July 2023. "The last year and a half has been an incredible journey as we transitioned OLX India under CarTrade. We have successfully integrated CarTrade’s philosophy into OLX India’s culture, achieving our goal of transforming OLX India into a profitable venture," Kumar shared in an email to CarTrade Group members. Read More »
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