The Company was incorporated as Kaymo Fastener Company Private Limited' on 28 April 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 our Shareholders at the EGM held on 31 July 2009, and a fresh certificate of incorporation was issued by the RoC on 12 August 2009. 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 31 March 2021, and a fresh certificate of incorporation was issued by the RoC on 20 April 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 29 April 2021 and the name of the Company was changed to CarTrade Tech Limited'.
The company operates an automotive digital ecosystem which connects automobile customers,OEMs,dealers,banks,insurance companies and other stakeholders.The company owns and operates under several brands such as CarTrade,Carwale and AutoBiz.Through these platforms,the company enables new and used customers,vehicle dealerships,OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner.
In August 2021,the company came out with an IPO offered 18532216 equity shares of Rs 10 each at a price of Rs 1618 per share aggregating up to Rs 2998.15 crore. The allotted shares were listed on the BSE Ltd and National Stock Exchange of India(NSE) on 20 August 2021.