Mumbai, January 29, 2026: Tata Mutual Fund has crossed the 5% shareholding threshold in CarTrade Tech following a series of open market purchases, according to a regulatory filing.
As per the disclosure, Tata Asset Management Company, acting on behalf of its mutual fund schemes, acquired 90,522 equity shares of CarTrade Tech on January 28, 2026. Post the acquisition, Tata Mutual Fund’s combined holding rose to 23,99,962 shares, representing 5.0163% of the company’s total equity.
Prior to the transaction, Tata Mutual Fund held 23,09,440 shares, equivalent to a 4.8271% stake in CarTrade Tech.
Multiple Schemes Participate in the Purchase
The latest acquisition was carried out through the secondary market by several Tata Mutual Fund schemes, including:
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Tata Balanced Advantage Fund
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Tata Digital India Fund
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Tata India Consumer Fund
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Tata Small Cap Fund
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Tata Value Fund
The increase in stake signals growing institutional interest in CarTrade Tech from one of India’s leading asset management companies.
Follows Strong Quarterly Performance
The development comes shortly after CarTrade Tech reported a strong financial performance for the third quarter of FY26. The company’s revenue rose to ₹210 crore in Q3 FY26, compared with ₹176 crore in Q3 FY25, reflecting steady year-on-year growth.
CarTrade Tech also reported a sharp improvement in profitability, with net profit increasing to ₹61.5 crore in Q3 FY26, underscoring improved operating efficiency and business momentum.
Institutional Confidence in Digital Auto Platforms
CarTrade Tech operates a portfolio of digital platforms across auto classifieds, auctions, and dealer services, catering to both consumers and automotive dealers. The increased stake by Tata Mutual Fund suggests renewed institutional confidence in the company’s growth prospects and financial performance.
As institutional investors continue to recalibrate their exposure to profitable digital platforms, CarTrade Tech’s improving earnings profile and steady revenue growth appear to be strengthening its appeal in the public markets.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.