India-based used-car marketplace CarDekho has appointed Neelesh Talathi as group chief financial officer (CFO).

Neelesh TalathiAccording to a report, Talathi, who succeeds Mayank Gupta in the role, will be focusing primarily on CarDekho Group’s imminent IPO. A chartered accountant (CA) from the Institute of Chartered Accountants of India (ICAI), Talathi has some 24 years of experience in finance, across industries such as FMCG, furniture retail and e-commerce.

In view of CarDekho’s forthcoming IPO, Talathi will focus on optimizing capital allocation, enhancing merger and acquisition (M&A) activities, driving financial planning and analysis, and exploring new growth opportunities at group level.

Talathi started his career at Hindustan Unilever Limited in 1997, moving to different roles within the parent organization, Unilever, over nearly 17 years. That was followed by a brief stint as CFO of Iron Ore – Vedanta and six years as the first CFO of PepperFry. Prior to joining CarDekho, Talathi was CFO of Mensa Brands.

The appointment of a new group CFO comes just a couple of months after CarDekho appointed a new chief business officer (CBO) for fintech arm Rupyy. On the core operations front, CarDekho acquired a majority stake in car rental startup Revv in December 2023, and, more recently, launched TractorDekho, a subsidiary for customers in the farming community to buy and sell used tractors.

Majority-owned by GirnarSoft, CarDekho currently has 50 million unique monthly visitors. Predominantly a used-car marketplace, it posted INR24 billion ($287 million U.S.) in consolidated revenue for the 12 months to March 2023 (FY22-23), up 46.3% year on year.

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