About India Drivers Network Services Private Limited
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India Drivers Network Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the ride-hailing services segment of the transport and logistics sector. It was incorporated on 28 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63090KA2013PTC068032. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹70.65 Lakh and a paid-up capital of ₹54.64 Lakh. It is led by directors Solomon Premnath Jayaprakash and Vishwanath Kuruganti.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.61 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.21 Lakh (net margin -137.2%) and EBITDA of ₹1.61 Lakh (EBITDA margin 100%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 7% over five years.
The company is associated with 2 brands: Cartr and mGaadi. Court records list 1 case involving the company, including 1 filed against it. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹3.55 Cr; the latest was in June 2015.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgaadi.com.
Company details
Contact details
India Drivers Network Services Private Limited's registered office is in Bangalore, Karnataka. Its website is mgaadi.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address3024 Prestige Pinewood 6th Main Road, St Bed Extension Koramangala 1st Block, Bangalore, Karnataka, India – 560034
- IndustryTransport and Logistics, Ride-Hailing Services
To see the full contact details of India Drivers Network Services Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
India Drivers Network Services operates two associated brands: Cartr and mGaadi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manages employee transportation through a digital hub. | gocartr.com | |
| Three-wheeler ride-hailing services are provided via an app-based platform. | mgaadi.com |
Financials of India Drivers Network Services Private Limited
FY 2025 filings availableIndia Drivers Network Services Private Limited reported revenue of ₹1.61 Lakh (up 362% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 362% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 362% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.61 Lakh | ||||
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| Net Profit (PAT) | -₹2.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 100% | ||||
| Net Profit Margin | -137.2% | ||||
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To see the full financial statements and ratios of India Drivers Network Services Private Limited, buy the company report.
Board of directors of India Drivers Network Services Private Limited
India Drivers Network Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Solomon Premnath Jayaprakash | Director | 28 Feb 2013 | 13 Years 8 Months | Current |
| Vishwanath Kuruganti Also directs: Kshana AI LLP | Director | 28 Feb 2013 | 13 Years 8 Months | Current |
Auditor
India Drivers Network Services Private Limited is audited by GOWTHAMA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOWTHAMA & CO | FY 2020 | 005917S |
Shareholding
The shareholding of India Drivers Network Services Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of India Drivers Network Services Private Limited, buy the company report.
Deals & funding
India Drivers Network Services Private Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹3.55 Cr; the latest was in June 2015.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2015 | Funding round | ₹1.9 Cr | Investors: Unitus Ventures, 3 individuals |
| Dec 2014 | Funding round | ₹75 Lakh | Investors: Unitus Ventures |
| Aug 2014 | Funding round | ₹15 Lakh | Investors: 2 individuals |
| Jul 2014 | Funding round | ₹75 Lakh | Investors: Unitus Ventures |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
India Drivers Network Services Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by The Registrar of Companies, Karnataka | Disposed |
To see the full case history of India Drivers Network Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for India Drivers Network Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
India Drivers Network Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of India Drivers Network Services Private Limited, buy the company report.
Recent activity
India Drivers Network Services Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Solomon Premnath Jayaprakash was appointed as Director on 28 Feb 2013.
Frequently asked questions
India Drivers Network Services is an active private limited company based in Bangalore, Karnataka, India. The company works in ride-hailing services, within the transport and logistics industry. It was incorporated on 28 February 2013 (13+ years old) and is registered under CIN U63090KA2013PTC068032.
India Drivers Network Services has 2 current directors:
- Solomon Premnath Jayaprakash - Director
- Vishwanath Kuruganti - Director
The latest financial statements of India Drivers Network Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. India Drivers Network Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of India Drivers Network Services is U63090KA2013PTC068032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Drivers Network Services has 1 court case on record: 1 filed against it.
India Drivers Network Services was incorporated on 28 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
India Drivers Network Services has 4 deals on record (4 funding rounds), with disclosed funding of ₹3.55 Cr; the latest was in June 2015.
Solomon Premnath Jayaprakash was appointed as Director on 28 Feb 2013. Vishwanath Kuruganti was appointed as Director on 28 Feb 2013.
India Drivers Network Services can be reached through the website mgaadi.com. Its registered office is in Bangalore, Karnataka, India.
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