About Precision Auto Leasing
Precision Auto Leasing was a Transportation, Automotive & Logistics company based in Fort Lauderdale (United States) founded in 2011. It delivers comprehensive automobile leasing services. It operates on a B2B model. Precision Auto Leasing has raised $2.3 million across 1 funding round. Its Indian entity Ing Vysya Bank Limited reported revenue of ₹2,262 Cr. The company is recorded as dissolved. Its focus areas include Automotive, Leasing Services, Vehicle Leasing and Comprehensive Solutions.
Company details
Precision Auto Leasing, based in Fort Lauderdale, focuses on dealing with automotive parts, leasing services, vehicle leasing, and comprehensive solutions. Delivers comprehensive automobile leasing services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Fort Lauderdale, United States
- SectorsTransportation, Automotive & Logistics
- Website precisionautoleasing.com
- Legal Name Ing Vysya Bank Limited
- Date of Incorporation 29 Mar, 1930
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2,262 Cr
FY 2024 · 0% YoY
- Total Equity Funding$2.3M (USD)
in 1 rounds
- Latest Funding Round$2.3M (USD), Seed
Jan 2011
Associated legal entities of Precision Auto Leasing
Precision Auto Leasing operates through Ing Vysya Bank Limited, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ing Vysya Bank Limited Listed CIN L85110KA1930PLC000124 | Amalgamated | 29 Mar 1930 | Bangalore, Karnataka | ₹2,262 Cr | – | 11 | View details |
Funding Insights of Precision Auto Leasing
Precision Auto Leasing has successfully raised a total of $2.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.3 million completed in January 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.3M
- Total Rounds 1
- Last Round Seed — $2.3M
- First Round $2.3M
(Jan 2011)
All 1 funding rounds of Precision Auto Leasing with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2011 | $2.3M | Seed | – | – | – |
Board of directors of Ing Vysya Bank Limited (Precision Auto Leasing)
Ing Vysya Bank Limited is the primary company behind Precision Auto Leasing. The board of Ing Vysya Bank Limited currently have 11 directors; the longest-serving is Maddali Venkata Satya Apparao, appointed in 2007. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maddali Venkata Satya Apparao DIN 00484877 | Company Secretary | 27 Jul 2007 | 19 yrs 2 mo | Ing Vysya Bank Limited |
| Santosh Desai DIN 01237902 | Director | 29 Apr 2008 | 18 yrs 5 mo | Ing Vysya Bank Limited |
| Meleveetil Damodaran DIN 02106990 | Director | 21 Jul 2008 | 18 yrs 2 mo | Ing Vysya Bank Limited |
| Vaughn Nigel Richtor DIN 00698356 | Director | 01 Jun 2009 | 17 yrs 4 mo | Ing Vysya Bank Limited |
| Vikram Talwar DIN 00416236 | Director | 20 Dec 2010 | 15 yrs 9 mo | Ing Vysya Bank Limited |
| Mark Edwin Newman DIN 03518417 | Director | 20 Apr 2011 | 15 yrs 6 mo | Ing Vysya Bank Limited |
| Jayant Mehrotra DIN 07681406 | CFO | 29 Apr 2014 | 12 yrs 5 mo | Ing Vysya Bank Limited |
| Alka Marezban Bharucha DIN 00114067 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Adrianus Johannes Antonius Kas DIN 06853983 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Kewal Kundanlal Handa DIN 00056826 | Additional Director | 12 Aug 2014 | 12 yrs 2 mo | Ing Vysya Bank Limited |
| David Han Lee Yong DIN 07015440 | Additional Director | 10 Nov 2014 | 11 yrs 11 mo | Ing Vysya Bank Limited |
Financials of Precision Auto Leasing
Figures of Ing Vysya Bank Limited, the primary company behind Precision Auto Leasing, for FY 2024. Revenue was ₹2,262 Cr (0% year on year). Revenue has grown at a compounded annual rate of +7% over three years and +4% over five years.
- ₹2,262 CrRevenue · FY 2024 · 0% YoY
- ₹192 CrPaid-up capital
- +7%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ing Vysya Bank Limited are on its company page.
Detailed financial statements for Precision Auto Leasing
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Precision Auto Leasing
2 dated milestones of Precision Auto Leasing, from founding to its latest funding, stage changes and deals.
- Founded Precision Auto Leasing is founded.
- Funding First funding round of $2.3M.
Top companies in Car Rentals
10 companies that operate in the same segment as Precision Auto Leasing (Car Rentals), ranked by their profile score on The Company Check.
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Europcar is recognized as a global leader in car rental services. | 1949 | Seychelles | – | – | – | |
Car rental services are provided across the United Kingdom. | 1975 | London, England, United Kingdom | – | – | – | |
Trailer rental services are provided by Freetrailer in Denmark. | 2004 | Copenhagen, Denmark | USD 1.62 M | – | – | |
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Car rental services are provided by ADAC to various customers. | 1903 | Munchen, Bayern, Germany | – | – | – | |
Ridesharing services are provided in Japan by Newmo. | 2024 | Minato, Tokyo, Japan | USD 51.43 M | – | – | |
Car rental and transportation services are provided for diverse needs. | 1996 | Delhi, Delhi, India | – | USD 86.12 M | 950 | |
Offers self-drive car rentals across South India with doorstep delivery and subscriptions. | 2018 | Ernakulam, Kerala, India | – | USD 329.22 M | – | |
Self-drive car rental services are provided by Thrifty to customers. | 1958 | Estero, Florida, United States | – | – | – | |
Car rental and mobility services for corporate and personal needs in India and internationally. | 1996 | Delhi, Delhi, India | – | – | – |
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Frequently Asked Questions about Precision Auto Leasing
Precision Auto Leasing was founded in 2011.
Precision Auto Leasing is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
Precision Auto Leasing is a funded company, having raised a total of $2.3M across 1 funding round to date. The company's 1st funding round was a Seed of $2.3M, raised on Jan 2011.
The primary company behind Precision Auto Leasing, Ing Vysya Bank Limited, reported revenue of ₹2,262 Cr for FY 2024, down 0% year on year.
Precision Auto Leasing, based in Fort Lauderdale, focuses on dealing with automotive parts, leasing services, vehicle leasing, and comprehensive solutions. Delivers comprehensive automobile leasing services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Precision Auto Leasing operates through Ing Vysya Bank Limited.
The legal entities of Precision Auto Leasing currently have 11 directors, including Mark Edwin Newman, Vikram Talwar, Vaughn Nigel Richtor and others.