Shivanshu Makkar

Shivanshu Makkar is Chief Financial Officer for CARS24 India, focused on profitability, capital discipline and IPO readiness. Previously he led the company’s retail business and worked on growth and operations at McKinsey.

Career

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Based in: Delhi

CARS24

Chief Financial Officer, India
Sep 2025 — Present
Builder - Finance, Strategy and Governance
Apr 2026 — Present
Associate Vice President - Retail Business
Apr 2023 — Sep 2025
Director - CEO Office
Aug 2021 — Dec 2022
India

McKinsey & Company

Until 2021

Consultant

Cairn Vedanta Oil and Gas

Oct 2014 — May 2015

Management Trainee (Management Reporting, Strategy and Investor Relations)

Indian Institute of Management Ahmedabad

MBA

Shri Ram College of Commerce

B.Com

University of Cologne

The Institute of Chartered Accountants of India

Products & media

moneycontrol.com

CARS24 narrows losses and posts its first adjusted EBITDA profitable quarter

Makkar explains the shift toward higher-margin retail and lending, lower customer acquisition costs, and IPO preparation.

Media appearance

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Shivanshu Makkar

CARS24

Chief Financial Officer, India

Builder - Finance, Strategy and Governance

Associate Vice President - Retail Business

Director - CEO Office

McKinsey & Company

Cairn Vedanta Oil and Gas

Indian Institute of Management Ahmedabad

Shri Ram College of Commerce

University of Cologne

The Institute of Chartered Accountants of India

Products & media

CARS24 narrows losses and posts its first adjusted EBITDA profitable quarter

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