Voler Car Ltd IPO

About Voler Car Ltd

Our Company was incorporated on June 24, 2010 under the name and style of amuna Travels Private Limited, a private limited company under the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by the Registrar of Companies, West Bengal. Pursuant to a resolution passed by the shareholders at their meeting held on April 07, 2015, the name of our Company was changed to `Voler Car Private Limited' and a Fresh Certificate of Incorporation dated April 20, 2015 was issued by Registrar of Companies, Kolkata. Subsequently, our Company was converted into a public Limited company pursuant to a resolution passed by our Shareholders at an Extraordinary General Meeting held on May 18, 2024 and consequently the name of our Company was changed to `Voler Car Limited' and a Fresh certificate of incorporation dated August 02, 2024 was issued by the Registrar of Companies Central Processing Centre. The Corporate Identification Number of our Company is U63040WB2010PLC150637.

The corporate employee transportation service market size is predicted to reach US$ 49.33 billion in 2028 at a compounded annual growth rate (CAGR) of 8.3%. The growth in the corporate employee transportation service market is due to growing corporate office presence in the Asia-Pacific region is expected to hold the largest corporate employee transportation service market share. Indian Employee Transportation Service Market: The employee transportation service market, is estimated to have generated a revenue of Rs. 503.5 billion ($6.1 billion) as of C.Y. 2023, and it exhibits steady expansion growing in line with development of corporates such as IT, Global Capability Centers (GCC) segments etc. It is expected to grow at a CAGR of 11.8% to reach Rs. 1097.6 billion ($13.2 billion) revenue in C.Y.2030. This aligns with India's growing economy, the rise of the organized sector, and increasing employee expectations for convenient commutes. The ETS market caters primarily to corporates, particularly in tier-1 cities, with pricing models varying based on vehicle type, route distance, and service customization. Common models include per-employee, per-trip, and fixed monthly charges.

We are primarily engaged in providing employee transportation services (ETS) to large MNC's and corporate clients with presence across various major cities in India. Our ETS solutions cover comprehensive home to office to home transportation, supported by 24/7 customer service, dedicated location teams, and a fleet of verified vehicles and chauffeur-drivers. We manage a pooled fleet of over 2,500 vehicles, including small cars, sedans, SUVs, electric vehicles, buses, and tempo travellers. In the fiscal year 2023-24, we successfully completed approximately 3,23,550 trips, averaging over 884 trips per day. Meanwhile, in the fiscal year 2024-25 (upto November 30, 2024), we have completed around 2,84,039 trips, with a daily average exceeding 1,183 trips.

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