Ecos (India) Mobility & Hospitality Limited are the largest and most profitable chauffeur driven mobility provider to corporates in India, in terms of revenue from operations and profit after tax for Fiscal 2023 (Source: F&S Report). They are primarily engaged in the business of providing chauffeured car rentals (“CCR”) and employee transportation services (“ETS”) and have been providing these services to corporate customers, including Fortune 500 companies in India, for more than 25 years. In Fiscal 2024, they provided CCR and ETS to 42 Fortune 500 companies and 60 BSE 500 companies, among others, in India. The CCR segment is a B2B2C business, where their customers are corporate companies, and the end consumer is an employee, client, guest or visitor of these corporate companies. Through their ETS segment, they offer customers with solutions to manage their employee home-office-home ground transportation.

As of March 31, 2024, they have a pan-India presence in 109 cities through their own vehicles and vendors, spread across 21 states and four union territories in India which underscores their deep rooted and extensive footprint and demonstrates their penetration into diverse regions across India. Their operations in 97 cities in India are conducted through vendors. In Fiscal 2024, they serviced the CCR and ETS requirements of more than 1,100 organisations in India. In Fiscal 2024, through their CCR and ETS segments, they have completed more than 3,100,000 trips averaging at more than 8,400 trips in a day. They also address the global car rental requirements of their corporate customers, through their global network of vendors with their capability of providing CCR services in over 30 countries. They also provide cars of self-drive basis in the cities of Delhi, Gurugram, Mumbai and Bengaluru. They have also provided self-drive cars outside India through vendors.

They operate a fleet of more than 12,000 economy to luxury cars, mini vans and luxury coaches. They also provide specialty vehicles such as luggage vans, limousines, vintage cars and vehicles for accessible transportation for people with disabilities. They have increased their focus on premium vehicles due to increasing customer preference for premium vehicles and the number of CCR bookings for premium vehicles in their fleet has increased from 60,979 bookings, constituting 28.53% of their CCR bookings in Fiscal 2022 to 168,261 bookings constituting 35.46% of their bookings in Fiscal 2024. They operate their fleet of vehicles on an asset light model, where they strive to keep the number of the vehicles which they own in their fleet significantly lower than the vehicles which are sourced from their vendors.

They provide their services to their customers operating in a range of industries including information technology, business process outsourcing, consultancy, healthcare, e-commerce, pharmaceutical, legal and manufacturing including InterGlobe Aviation Limited (Indigo), HCL Corporation Private Limited, Safexpress Private Limited, Deloitte Consulting India Private Limited, Urbanclap Technologies Private Limited (Urban Company), IndusInd Bank Limited, Foresight Group Services Limited FZCO, HDFC Life Insurance Company Limited, Thomas Cook, India, Grant Thornton Bharat LLP, WM Global Technology Services India Private Limited (Walmart Global Tech), VRB Consumer Products Private Limited, Pinkerton Corporate Risk Management Private Limited, MedGenome Labs Limited, Dreamfolks Services Limited, Mercer Consulting(I) Private Limited, FNF India Private Limited (Fidelity), exl Service.com (India) Private Limited, Gujarat Guardian Limited and VA Tech Wabag Limited.

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