They are the leading and most profitable provider of chauffeur-driven mobility solutions for corporates in India, as measured by revenue from operations and profit after tax for the fiscal year 2023, according to the F&S Report. Their primary services include Chauffeured Car Rentals (CCR) and Employee Transportation Services (ETS), which we have been offering to corporate clients, including Fortune 500 companies, for over 25 years.

Core Services

i. Chauffeured Car Rentals (CCR): The business operates on a B2B2C model, where the primary customers are corporate companies, and the end users include their employees, clients, guests, or visitors. In Fiscal 2024, they provided services to 42 Fortune 500 companies and 60 BSE 500 companies, completing over 3.1 million trips, with an average of more than 8,400 trips per day. Their fleet, consisting of over 12,000 vehicles, offers a diverse range from economy cars to luxury vehicles such as mini-vans, luxury coaches, limousines, vintage cars, and accessible transportation vehicles. Additionally, they cater to their clients’ global car rental needs through an extensive international network of vendors across over 30 countries.

ii. Employee Transportation Services (ETS): They offer comprehensive solutions for managing the daily commute of employees from home to office and back. In Fiscal 2024, they serviced over 1,100 organizations across India, maintaining a pan-India presence in 109 cities, with operations in 97 of these cities managed through local vendors.

Market Position and Growth

i. Market Leadership: They are the largest player in their segment, with a deep-rooted presence across 21 states and four union territories in India. Their extensive footprint demonstrates their capability to penetrate diverse regions and cater to a wide range of corporate needs.

ii. Premium Focus: Recognizing the growing preference for premium vehicles, they have significantly expanded their premium vehicle offerings. In Fiscal 2024, bookings for premium vehicles increased to 168,261, making up 35.46% of our CCR bookings, up from 28.53% in Fiscal 2022.

Future Outlook

As they continue to expand their service offerings and deepen their market penetration, they remain committed to enhancing customer satisfaction by focusing on premium vehicles and expanding their global reach. Their asset-light model will continue to drive operational efficiency, enabling them to scale up rapidly in response to market demands while maintaining their leadership position in the industry.

Their ongoing investments in technology, fleet expansion, and vendor partnerships will further solidify their position as the go-to mobility provider for corporates in India and beyond.