India, June 8 -- Amid a trail of top leadership exits, IPO-bound Cars24 has onboarded Infosys chief financial officer (CFO) Jayesh Sanghrajka as independent director of the used car marketplace's board.

To note, Sangharjka has been working with Cars24 in the capacity of an audit committee member since 2021. The ex-Rediff finance head joined Infosys in 2012 as a VP and corporate financial controller. Over his near 14 year tenure with the tech giant, he has headed mergers and acquisitions and handled stakeholder management as well as heading post merger integration of companies.

"Having a mentor I have admired for so long say yes to joining our Board is both humbling and exciting," Cars24's CFO Ruchit Agarwal said.

The appointment comes ...