About Million Riders
Million Riders was a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2015. It offers an on-demand biker delivery marketplace for efficient services. It operates on a B2C model. The company has 5,294 employees. Its Indian entity Million Minds Management Services Limited reported revenue of ₹125 Cr. The company is recorded as dissolved. Its focus areas include Transportation, Logistics, Delivery Services and On-Demand Biking. Its competitors include Pikndel, VDeliver, Opinio, ADLOGGS and Runnr and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Million Riders offers an on-demand biker delivery marketplace for efficient services through providing transportation services, streamlining logistics processes, offering delivery services, and on-demand biking. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Delhi, India
- Employees 5,294
- SectorsTransportation, Automotive & Logistics
- Website millionriders.com
- Social X Facebook
- Legal Name Million Minds Management Services Limited
- Date of Incorporation 16 Jul, 2007
- Jurisdiction Hobli, Karnataka, India
- Annual Revenue₹125 Cr
FY 2024 · -14% YoY
- Net Profit₹44.6 Lakh
FY 2024 · 0% margin
- EBITDA₹2.49 Cr
FY 2024 · 2% margin
- Employee Count5,294
Associated legal entities of Million Riders
Million Riders operates through Million Minds Management Services Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Million Minds Management Services Limited CIN U74910KA2007PLC043366 | Active | 16 Jul 2007 | Hobli, Karnataka | ₹125 Cr | 5,294 | 3 | View details |
Board of directors of Million Minds Management Services Limited (Million Riders)
Million Minds Management Services Limited is the primary company behind Million Riders. The board of Million Minds Management Services Limited currently have 3 directors; the longest-serving is Amit Shankhdhar, appointed in 2007. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Shankhdhar DIN 01530462 | Managing Director | 16 Jul 2007 | 19 yrs 3 mo | Million Minds Management Services Limited |
| Prem Prakash DIN 06447774 | Whole-time director | 20 May 2013 | 13 yrs 5 mo | Million Minds Management Services Limited |
| Simy Shankhdhar DIN 06493253 | Director | 30 Sep 2015 | 11 yrs | Million Minds Management Services Limited |
Financials of Million Riders
Figures of Million Minds Management Services Limited, the primary company behind Million Riders, for FY 2024. Revenue was ₹125 Cr (-14% year on year). Net profit was ₹44.6 Lakh (0% margin). EBITDA was ₹2.49 Cr (2% margin). Revenue has grown at a compounded annual rate of +16% over three years and +9% over five years.
- ₹125 CrRevenue · FY 2024 · -14% YoY
- ₹44.6 LakhNet profit · 0% margin
- ₹2.49 CrEBITDA · 2% margin
- ₹2.64 CrPaid-up capital
- 5,294Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Million Minds Management Services Limited are on its company page.
Detailed financial statements for Million Riders
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Competitors of Million Riders
Million Riders has 8 listed competitors in our database, 8 of them funded. They include Pikndel, VDeliver, Opinio, ADLOGGS and Runnr, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pikndel.com | 2015 | Delhi, India | $1.45M | 15 | Shared dark store and delivery solutions are provided for e-commerce. | |
| vdeliver.in | 2011 | Hyderabad, India | $196,436 | 34 | Hyperlocal on-demand delivery services are facilitated via web platform. | |
| opinioapp.com | 2015 | Bengaluru, India | $8.3M | 40 | Tech-enabled last-mile delivery for food, groceries, and medicines is provided. | |
| adloggs.com | 2017 | Coimbatore, India | $923,881 | 23 | Hyper-local delivery management platform is provided for logistics operations. | |
| runnr.in | 2015 | Bengaluru, India | $27.49M | 36 | On-demand food delivery is facilitated from nearby restaurants by Runnr. | |
| pickingo.com | 2014 | Gurugram, India | $1.45M | – | Hyperlocal delivery services are provided for businesses in Delhi NCR. | |
| townrush.in | 2015 | Bengaluru, India | $638,571 | – | On-demand B2B hyperlocal delivery | |
| cutbox.in | 2022 | Pune, India | $252,989 | – | Hyperlocal B2B distribution is provided for small retailers' inventory needs. |
Detailed competitors of Million Riders
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Top companies in Bicycles & Micro-Mobility
10 companies that operate in the same segment as Million Riders (Bicycles & Micro-Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Bicycles, apparel, and cycling gear are manufactured by Giant Bicycles. | 1972 | Taichung, Taiwan | – | – | – | |
Bicycles are manufactured and distributed from Gurugram, India. | 2004 | Gurugram, Haryana, India | – | USD 7.46 M | 60 | |
Manufactures electric bikes for eco-friendly short-distance travel in India. | 2020 | Hyderabad, Telangana, India | – | USD 456.51 K | – | |
Manufacturing of bicycles, e-bikes, and automotive components with a focus on global mobility and engineering solutions. | 2017 | Delhi, Delhi, India | – | USD 31.87 K | 1 | |
Manufacturer and supplier of bicycles | 1971 | Wilton, United States | – | – | – | |
Bicycles are rented online and unlocked via QR code scans. | 2017 | Delhi, Delhi, India | – | USD 3 M | 909 | |
– | 1964 | Canada | – | – | – | |
Mini-Metro manufactures electric tricycles for sustainable urban mobility solutions. | 2014 | Delhi, Delhi, India | – | – | 245 | |
Various models of electric bicycles are developed by Gazelle. | 1892 | Dieren, Gelderland, Netherlands | – | – | – | |
Offers electric bicycles, cargo e-bikes, and accessories for daily transportation. | 2020 | Gurugram, Haryana, India | – | USD 4.05 K | 96 |
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Related news about Million Riders
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Frequently Asked Questions about Million Riders
Million Riders was founded in 2015.
Million Riders is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Million Riders has 5,294 employees.
The primary company behind Million Riders, Million Minds Management Services Limited, reported revenue of ₹125 Cr for FY 2024, down 14% year on year.
Million Riders offers an on-demand biker delivery marketplace for efficient services through providing transportation services, streamlining logistics processes, offering delivery services, and on-demand biking. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Million Riders operates through Million Minds Management Services Limited.
The legal entities of Million Riders currently have 3 directors, including Simy Shankhdhar, Amit Shankhdhar, Prem Prakash.