When was DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED incorporated?

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED was incorporated on Jul 17, 2015. It is registered with the Registrar of Companies, Bangalore, and its current company status is Active.

What is the Corporate Identification Number (CIN) of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED?

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED's Corporate Identification Number (CIN) is U74900KA2015PTC081648.

What is the latest revenue of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED?

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2025, reflecting a 1-year revenue CAGR of 20% and an EBITDA CAGR of 106%. The company is currently audited by MDA & Co.

What is the latest employee count at DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED?

As of Apr 01, 2026, the latest employee count at DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED is 184, reflecting a 9% year-over-year growth in headcount.

Does DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED have any loans on it?

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED has taken out 13 loans from the financial institutions HDFC BANK LIMITED, MITCON TRUSTEESHIP SERVICES LIMITED and MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED, with a total disclosed borrowing of over ₹11.5Cr. The largest loan was ₹2.5Cr from AXIS BANK LIMITED in Jul 2020, followed by others ranging from ₹5L to ₹1.72Cr between Aug 2017 and May 2025.

Who are the authorized signatories of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED?

As of Jul 2026, the authorized signatories of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED include Ramprasad Shastry, Ashok Noah Shastry and Ullagaddi Basavaraj, and others.

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED - 2026 Company Profile, Financials & Shareholding

Name: DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED
Brand: DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED
Price: 3.99 USD

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED is a Private Limited Company and was incorporated on Jul 17, 2015 in India. It is registered at Registrar of Companies, ROC Bangalore. Its registered address is 19, 3rd Floor, 1st Cross Road, KHB Colony, 5th Block, Koramangala, Koramangala VI Bk, Bangalore, Bangalore South, Karnataka, India, 560095. Its corporate identification number is (CIN) U74900KA2015PTC081648 and its current status is Active. Its industry classification as per MCA is business Activities N.E.C. It had a team size of 184 employees as on Apr 01, 2026.

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED's last Annual General Meeting (AGM) was held on Aug 13, 2025 as per records from Ministry of Corporate Affairs (MCA). DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED's authorised share capital is ₹36L and its paid up capital is ₹26.9L. The current board of directors of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED comprises Ullagaddi Basavaraj, Ramprasad Shastry and 1 more.

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2025.

Key Metrics

CIN

U74900KA2015PTC081648

Location

India

Current Status

Active

Entity Type

Private Limited Company

Date Of Incorporation

Jul 17, 2015

Company Age

11 Years

Registrar of Companies

ROC - Bangalore

Last AGM Date

Aug 13, 2025

Latest Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Latest Employee Count

184 as on Apr 01, 2026

Authorized Capital

₹36L

Paid Up Capital

₹26.9L

Email: *****@driveu.in
Registered Address: 19, 3rd Floor, 1st Cross Road, KHB Colony, 5th Block, Koramangala, Koramangala VI Bk, Bangalore, Bangalore South, Karnataka, India, 560095

There is one brand associated with DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED which include DriveU .

Name	Short Description	Founded Year	Location	Current Stage
DriveU	Provider of on-demand chauffeur services via a digital platform	2015	India	Seed

View more details on DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED's profile

The majority of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED's turnover comes from Information and communication.

Main Activity Group Code	Description of Main Activity	Business Activity Code	Description of Business Activity	Turnover Percentage
J	Information and communication	58	Publishing activities	crj

Here is the list of auditors of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED:

Name	Status	Appointment Date	Cessation Date
MDA & Co	onvehuv	ajg{svk	jvqpyma

Filing Summary

Here is a summary of filing activity and document availability across financial years:

File Type	FY 24-25	FY 23-24	FY 22-23	FY 21-22	FY 20-21
Financial Statements
Annual Returns

Latest Financials, Share Allotment and Annual Report

The latest filed financial documents, annual reports, and share allotment filings are shown below:

Changes to Capital Structure

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Recent Filings

Below are the most recent filings submitted by the company:

Document Name	Category	Filing Date
Form MGT-14	Other eForm Documents	Dec 02, 2025
Certificate of registration of the Special Resolution confirming alteration of object clause(s)	Certificates	Dec 02, 2025
INC-33 eMOA	Incorporation	Dec 02, 2025
Optional attachment(s) - if any	Other eForm Documents	Dec 02, 2025
Optional attachment(s) - if any	Other eForm Documents	Dec 02, 2025
Optional attachment(s) - if any	Other eForm Documents	Dec 02, 2025
Copy(s) of resolution(s) along with copy of explanatory statement under section 173	Other eForm Documents	Dec 02, 2025
Form PAS-6	Other eForm Documents	Oct 25, 2025
Form CHG-1	Charges	Oct 14, 2025
CERTIFICATE OF REGISTRATION FOR MODIFICATION OF CHARGE	Certificates	Oct 14, 2025

To access all company documents and filings with a single purchase, Buy Financials and Company Filings FY 25 Available15 mins

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 20% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	7793	2247	1701	1935	3181
Total Sales	4436	8811	2209	7759	6112
Total Expenses	9020	3185	3589	9734	8920
Operating Expenses	9284	7607	8137	9560	4432
Employee Expenses	9812	9358	7683	9005	6363
Operating Income (EBIT)	3994	6952	7905	4880	2833
Interest Expenses	3068	2661	1629	9223	6874
Expenses from other activities	5725	1386	9137	2131	1480
EBITDA	5008	5683	5769	4005	3924
Taxes	3844	6963	9550	6744	8481
Net Profit	2602	2061	2830	6222	5928
Balance Sheet
Assets	1911	8968	6902	9546	5531
Accounts Receivables	5240	4024	2400	4995	5290
Inventory	2742	5060	6175	3199	4747
Liabilities	5238	8979	5716	7757	7669
Total Debt	9524	8260	6819	2831	7148
Accounts Payable	8235	6735	2483	9312	7268
Equities	7243	2007	8780	8498	6991

To access detailed financial performance and data, Buy Financial Report FY 25 Available15 mins

Ratios

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Profitability Ratios
EBITDA Margin	8367	6327	8584	3149	2906
EBIT Margin	6829	3338	4416	2840	9400
Net Profit Margin	4168	5986	9824	7760	6736
Return on Assets (ROA)	7917	8063	7532	4842	3878
Return on Equity (ROE)	1050	2321	6181	9043	2265
Return on Capital Employed	3559	7520	6897	6406	2017
Return on Invested Capital	9071	3886	1762	5541	4459
Efficiency Ratios
Asset Turnover	5200	8110	4166	8700	5082
Receivables Turnover	8127	3878	6627	2647	6910
Days Sales Outstanding	6367	2748	5065	5652	1718
Inventory Turnover	2654	1142	3232	8656	4927
Days Inventory Outstanding	5736	4886	3652	5520	3956
Payables Turnover	7189	8379	5822	5312	4870
Days Payables Outstanding	7913	9195	6945	4700	6255
Liquidity Ratios
Current Ratio	7815	5241	7785	7259	8326
Quick Ratio	2022	6933	7663	3829	3159
Debt Ratios
Debt-to-Equity Ratio	4220	6481	6187	5712	4522
Debt Ratio	9626	2080	4205	3846	1026
Interest Coverage Ratio	5979	6207	2689	3470	9638
Debt Service Coverage Ratio	1076	1503	6990	2704	8316
Net Debt/EBITDA	6099	8911	1929	5328	3808
Growth Ratios
Revenue Growth Rate (CAGR)	3386	1222	6474	9185	2924
Earnings Growth Rate (CAGR)	6470	8227	5688	6611	3090

To access detailed financial performance and data, Buy Financial Report FY 25 Available15 mins

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Compounded Annual Growth Rate of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED

Revenue CAGR	Growth
1 Year	20%
3 Year	366
5 Year	792

EBITDA CAGR	Growth
1 Year	106%
3 Year	509
5 Year	142

Disclaimer

There are 3 delayed MSME payments recorded for DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED during Apr 2025 - Sep 2025.

Here are the details of MSME payment delays for this period:

Supplier Name	Supplier PAN	Amount Due	Due since
Instaverit as India Private Limited	6620	3730	5113
Vialogue Media Private Limited	5496	9795	1811
Handy Online Solutions Private Limited	9785	9087	4706

To access detailed supplier-wise and period-wise MSME payment delay information, Buy Detailed Report

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED has taken 13 loans.

Here is a list of loans and charges on DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED:

As a Borrower

Loan/ Charge ID	Lender Name	Loan Amount	Status	Creation Date	Closure Date
101112406	HDFC BANK LIMITED	₹1.72Cr	bvohtby	May 09, 2025	uwiqalm
100881665	-	₹5L	fe{xray	Feb 16, 2024	iejyodc
100826426	MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED	₹1.17Cr	fuokkil	May 17, 2023	wjpd{ej
100753387	MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED	₹40L	nxnfbps	May 17, 2023	gxlqiij
100594689	MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED	₹84.5L	ttllzst	Jul 07, 2022	vvcwejq
100594496	MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED	₹50L	yroc{e{	Jun 17, 2022	alo{nsz
100564582	MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED	₹27.5L	kkslnjb	Jan 27, 2022	jhwxnku
100556705	-	₹50L	edoyzsq	Dec 28, 2021	efixjjf
100478200	-	₹1.12Cr	ujrjzmn	Aug 21, 2021	kubzjcm
100358812	AXIS BANK LIMITED	₹2.5Cr	forul{j	Jul 23, 2020	zyqwwwg
100378842	HDFC BANK LIMITED	₹95L	wikpjgy	Jul 13, 2020	txhuolt
100234412	HDFC BANK LIMITED	₹80L	rcttzpz	Jan 17, 2019	hjhyzxt
100116067	HDFC BANK LIMITED	₹63L	zeaycfc	Aug 07, 2017	nkgtico

To access detailed information on a company’s loans, borrowings, & registered charges, Buy Detailed Report

Founders own 28.50%, Funds (largest shareholder) own 46.02%, Angels own 14.39% and Enterprises own 1.75%. The net worth of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED's founders is INR 80.4Cr as of Oct 10, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	28.50%	80.4Cr	2219718	4679044	5582291	1142990
Rahm Shastry	2026387	6845291	3273544	3384283	9698431	1487427
Ashok Shastry	9224433	4857934	2520448	2031466	5175765	1641379
Amulmeet Chadha	0	0	0	0	0	0
Fund	46.02%	130Cr	3450031	1366019	1712074	4228858
Stevens Creek Ventures	9470587	2649480	6280130	6243768	3599894	8850033
Amitabh and Shilpa Singhal Living Trust	72	46	15	32	84	21
Capria	1	4	5	7	4	4
Angel	14.39%	40.6Cr	3600161	8933924	2051424	4683229
Kristin Najarian	4	5	6	3	6	4
Revansiddappa Shetkar	5	3	6	1	5	2
Preeth Chengappa	0	0	0	0	0	0
Enterprise	1.75%	4.92Cr	6	5	6	6
Other People	0.18%	51.6L	0	0	0	0
ESOP Pool	9.16%	25.8Cr	6612901	9010634	6253571	9188784
Total	100.00%	282Cr	6430792	4508123	9085846	7799940

Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Board of Directors of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED

Here is the list of current board of directors of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED:

Name	Designation	Status	Appointment Date	Duration
Ullagaddi Basavaraj	Director	Current	Nov 18, 2024	1 Year 7 Months
Ramprasad Shastry	Managing Director	Current	Jul 17, 2015	11 Years
Ashok Noah Shastry	Director	Current	Jul 17, 2015	11 Years

To access detailed information on a company’s board members, directors, & authorized signatories, Buy Detailed Report

Signatories of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED

Here is the list of current signatories of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED:

Name	Designation(s)	Status	Appointment Date	Duration
Ramprasad Shastry	Managing Director	Current	Jul 17, 2015	11 Years
Ashok Noah Shastry	Director	Current	Jul 17, 2015	11 Years
Ullagaddi Basavaraj	Director	Current	Nov 18, 2024	1 Year 7 Months

To access detailed information on a company’s board members, directors, & authorized signatories, Buy Detailed Report

Cross Directorships of DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED has directors who also hold positions in 3 other legal entities. All are listed below:

Legal Entity Name	% of Common Directors	Common Director(s)	Open Charge(s)	Active Legal Case(s)
LILY CORPORATE SOLUTIONS PRIVATE LIMITED CIN: U74999KA2019PTC123322, India, Strike off	900	967	371	305
SCHOLARLY SOLUTIONS PRIVATE LIMITED CIN: U72900KA2021FTC149764, India, Active	848	251	224	379
BASE THESIS LABS PRIVATE LIMITED CIN: U72100KA2025PTC210835, India, Active	732	525	801	458

To access detailed information on a company’s board members, directors, & authorized signatories, Buy Detailed Report

DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED has an employee count of 184 as on Apr 01, 2026.

Employee count trend for DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED

Date	Employee Count
Apr 26	184
Mar 26	872
Feb 26	453
Jan 26	667
Dec 25	745
Nov 25	586
Oct 25	323

DriveU is the only brand associated with DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED, and here are its Top 10 competitors ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	DriveU 2015, Bengaluru (India), Seed	Provider of on-demand chauffeur services via a digital platform	$8.74M	Capria, Hegde Family Revocable Trust & 46 others	68/100
2nd	DriverShaab 2019, Kolkata (India), Seed	App based platform for hiring on demand drivers	$369K	Inflection Point Ventures, IIMCIP & 3 others	54/100
3rd	Drivers4Me 2018, Kolkata (India), Seed	Online platform for booking on-demand drivers	$377K	Singhvi Heritage, Kredent Group & 14 others	51/100
4th	Indian Drivers 2009, Pune (India), Unfunded	Online platform to hire drivers	-	-	38/100
5th	CarChalak 2014, Jaipur (India), Funding Raised	App-based platform offering on-demand driver services	-	AIC-GIM Foundation	38/100
6th	Ezi Drive 2008, Bengaluru (India), Unfunded	Online platform to book cabs & driver services	-	-	35/100
7th	DriveronHire 2014, Mumbai (India), Unfunded	Online platform for booking drivers	-	-	31/100
8th	Top4 2005, Chennai (India), Unfunded	Online-based platform for ondemand-drivers	-	-	29/100
9th	Hopp 2016, Hyderabad (India), Funding Raised	App-based on-demand chauffeur services	-	-	28/100
10th	Mera Driver 2011, Noida (India), Unfunded	Online portal for hiring chauffeurs full time or temporary basis	-	-	28/100