CarTrade-owned OLX India has announced that Amit Kumar will step down as managing director and CEO, effective January 31, 2025, as stated in a recent filing with the Bombay Stock Exchange (BSE). Kumar has played a crucial role in OLX India’s journey, transforming it from a pilot initiative in Delhi-NCR into a prominent retail platform with a nationwide presence.
Kumar’s tenure at OLX India has been marked by significant growth and expansion. He previously held the position of vice president at the e-commerce platform, where he oversaw key functions including product development, operations, sales, HR, finance, and regional growth. His strategic leadership has been vital in establishing OLX as a household name in the online classifieds market.
Before joining OLX, Kumar was an angel investor and advisor at Spyne, further showcasing his diverse experience in the tech and startup landscape. Over his 16-year career, he has risen through the ranks from a management trainee to Global CXO and CEO, gaining valuable experience across regions including Asia, Africa, Eastern Europe, and Latin America. Kumar has also worked in various sectors such as classifieds, e-commerce, FMCG, and telecom, focusing on building scalable businesses and fostering strong teams.
“Under my leadership, we have built OLX India into a trusted platform for millions of users. As I prepare for the next chapter in my career, I am confident that OLX India will continue to thrive and grow,” Kumar stated.
His extensive background includes notable positions at leading organizations like Britannia, Uninor, Times Internet, and Snapdeal, where he honed his skills in managing diverse markets and driving business success. Kumar’s expertise spans segments from premium to lower-income markets, demonstrating his adaptability and understanding of various consumer needs.
As OLX India looks towards the future, the company will be tasked with finding a successor who can continue Kumar’s legacy and guide the platform through its next phase of growth. The resignation marks a significant transition for OLX India, but Kumar’s impact on the organization will undoubtedly be felt long after his departure.
