CarTrade Tech Ltd. நிறுவன வரலாறு மற்றும் வருடாந்திர வளர்ச்சி தகவல்கள்

The Company was incorporated as ‘Kaymo Fastener Company Private Limited’ on April 28, 2000 at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the Registrar of Companies, Maharashtra at Mumbai (“RoC”). The name of the Company was subsequently changed to ‘MXC Solutions India Private Limited’ pursuant to a special resolution passed by the Shareholders at the EGM held on July 31, 2009 to reflect the Company’s pan-India presence, and a fresh certificate of incorporation was issued by the RoC on August 12, 2009. Subsequently, in October 2009, the current management and some of the current shareholders, including Vinay Vinod Sanghi, acquired Equity Shares in the Company. The name of the Company was thereafter changed to ‘CarTrade Tech Private Limited’, pursuant to a special resolution passed by the Shareholders at the EGM held on March 31, 2021 to reflect the brand name and establish a wider business presence, and a fresh certificate of incorporation was issued by the RoC on April 20, 2021. the Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by the Shareholders at the EGM held on April 29, 2021 and the name of the Company was changed to ‘CarTrade Tech Limited’. Consequently, a fresh certificate of incorporation was issued by the RoC on May 12, 2021.

Major events and milestones of the Company :

2009

- Canaan VIII Mauritius invested Rs. 45 million by subscribing to 18,00,000 Series A Preference Shares and 100 Equity Shares of the Company

2010

- Launch of B2B and C2B auctions

2011

- Epiphany Overseas Ventures invested ?112.79million by subscribing to 1,385,228 Series B Preference Shares and 100 Equity Shares of the Company

2011

- Tiger Global Six India II Holdings invested Rs. 328.53 million by subscribing to 2,377,123 Series C Preference Shares and 100 Equity Shares of the Company

2012

- Launch of CarTrade.com and CarTradeExchange.com

2014

- Highdell Investment Ltd invested Rs. 1,372.51 million by subscribing to 4,549,018 Series D Preference Shares and 100 Equity Shares of the Company

2015

- Springfield Venture International invested Rs. 1,270 million by subscribing to 2,011,133 Series E Preference Shares of the Company

2016

- Acquired Automotive Exchange Private Limited owners of brand name CarWale and BikeWale for a sum of USD 100.07 million

2016

- MacRitchie Investments Pte Ltd invested Rs. 3,323 million by subscribing to 5,854,525 Series F Preference Shares of the Company

2016

- Foundation Investments of Ohio Limited invested Rs. 19.93 million by subscribing to 35,126 Series F1 Preference Shares, Manbro P.E. IV, LP invested Rs. 186.08 million by subscribing to 327,845 Series F1 Preference Shares and MSF Private Equity Fund LLC invested Rs. 126.27 million by subscribing to 222,466 Series F1 Preference Shares

2017

- MacRitchie Investments Pte Ltd invested Rs. 2,422.90 million by subscribing to 3,594,499 Series G Preference Shares of the Company

- Acquired AISPL (Adroit) for a sum of Rs. 129.98 million

2018

- Acquired 51% (55.43% on actual basis) of the paid-up share capital of SAMIL, on a fully diluted basis, for a sum of

Rs. 1,563.76 million

2020

- MacRitchie Investments Pte. Ltd. invested Rs. 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares; 

- Highdell Investment Ltd invested Rs. 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares and MCP3 SPV LLC invested Rs. 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares