January 11, 2017
The Company provides people mobility services in India. It offers a gamut of services including employee transportation services, event transportation, corporate executive transportation, leisure/tour transportation, self-drive car services, hotel travel-desk services, and limo services to clients. Serving over 1,000 loyal clients in India’s major cities, the Company’s clientele consists of multinational companies, diplomatic officials and government authorities. Clients include Taj Group of Hotels, Hilton Resorts, Microsoft, American Express, Accenture, Mercer Consulting and Honeywell. About 50% of revenue is generated by the top 50 clients who are large corporations that have long-term relationships with the Company.
The Company uses its proprietary .NET based software for managing all aspects of the business which helps it to optimize its services and manage logistics for seamless operations. The Company has recently launched an app to further optimize the process.
The Company has won many awards from the Tourism Ministry of India and other institutions like Dun and Bradstreet for providing best-in-class services. The Company also has global presence in 45 countries through affiliates. All chauffeurs receive specialized training in order to adhere to the Company’s service standards.
The Company’s revenue has been growing at a robust pace with a CAGR of approximately 27% for the past 4 years. This strong growth is due to rising demand for employee transportation services and corporate executive transportation, which are the Company’s fastest growing segments.
Est. FY 2017 Revenues (ending 3/31/17): USD 29.1 million
Est. FY 2017 Adj. EBITDA: USD 4.8 million