About Xchange Leasing
Xchange Leasing is a Transportation, Automotive & Logistics company based in San Francisco (United States) founded in 2015, and was acquired by Fair in December 2017. Vehicle lease provider. The company has 1 employees. Its Indian entity Xchange Leasing India Private Limited reported revenue of ₹3.07 Cr. Its focus areas include Auto, Auto Retail & Aftersales, Financial Services and Finance. Its competitors include Hunter Truck, Yes Lease and Lease End.
Company details
Xchange Leasing was founded in 2015 in San Francisco, United States, as a vehicle leasing service targeted at Uber driver partners. Operations focus on offering leases for new and pre-owned cars, with terms that include unlimited mileage and a 250 deposit. Maintenance services, such as oil changes and tire rotations every 5,000 miles, are incorporated into the program to support drivers in the ride-sharing sector.
- Headquarters San Francisco, United States
- Employees 1
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website xchangeleasing.com
- Social LinkedIn X Facebook
- Acquired by Fair (Dec 2017)
- Legal Name Xchange Leasing India Private Limited
- Date of Incorporation 04 Jan, 2011
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Xchange Leasing
Xchange Leasing operates through Xchange Leasing India Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Xchange Leasing India Private Limited CIN U74999MH2011PTC211781 | Amalgamated | 04 Jan 2011 | Mumbai, Maharashtra | ₹3.1 Cr | 1 | 2 | View details |
Investors in Xchange Leasing
Xchange Leasing has secured backing from 1 investor. Prominent investors backing the company include Fair.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cars are leased via an app with personalized payment ranges. | 2016 | fair.com | Santa Monica, United States |
Investor details for Xchange Leasing
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Board of directors of Xchange Leasing India Private Limited (Xchange Leasing)
Xchange Leasing India Private Limited is the primary company behind Xchange Leasing. The board of Xchange Leasing India Private Limited currently have 2 directors; the longest-serving is Kailash Chand Sharma, appointed in 2019. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kailash Chand Sharma DIN 08185285 | Director | 07 Jun 2019 | 7 yrs 5 mo | Xchange Leasing India Private Limited |
| Pooja Arora DIN 08672584 | Additional Director | 01 May 2023 | 3 yrs 6 mo | Xchange Leasing India Private Limited |
Financials of Xchange Leasing
Figures of Xchange Leasing India Private Limited, the primary company behind Xchange Leasing, for FY 2022. Revenue was ₹3.07 Cr (-17% year on year). Net loss was -₹8.05 Cr (-262% margin). EBITDA was -₹6.65 Cr (-217% margin). Revenue has grown at a compounded annual rate of -69% over three years and -46% over five years.
- ₹3.07 CrRevenue · FY 2022 · -17% YoY
- -₹8.05 CrNet loss · -262% margin
- -₹6.65 CrEBITDA · -217% margin
- ₹46.32 CrPaid-up capital
- 1Employees (provident fund records)
- -69%Revenue CAGR, 3 years
- -46%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Xchange Leasing India Private Limited are on its company page.
Detailed financial statements for Xchange Leasing
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Timeline of Xchange Leasing
2 dated milestones of Xchange Leasing across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Xchange Leasing is founded.
- Exit Acquired by Fair.
Competitors of Xchange Leasing
Xchange Leasing has 3 listed competitors in our database. They include Hunter Truck, Yes Lease and Lease End.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| huntertruck.com | 1938 | Butler, United States | Provider of reliable heavy commercial trucks, offering unparalleled customer service, sales, and parts | |||
| yes-lease.co.uk | 2012 | Longton, United States | Vehicle leasing services are provided in the United States market. | |||
| leaseend.com | 2021 | Burley, United States | Delivers comprehensive car leasing services. |
Detailed competitors of Xchange Leasing
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Related news about Xchange Leasing
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Frequently Asked Questions about Xchange Leasing
Xchange Leasing was founded in 2015.
Xchange Leasing is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Xchange Leasing has 1 employees.
The primary company behind Xchange Leasing, Xchange Leasing India Private Limited, reported revenue of ₹3.07 Cr for FY 2022, down 17% year on year.
Xchange Leasing was founded in 2015 in San Francisco, United States, as a vehicle leasing service targeted at Uber driver partners. Operations focus on offering leases for new and pre-owned cars, with terms that include unlimited mileage and a 250 deposit. Maintenance services, such as oil changes and tire rotations every 5,000 miles, are incorporated into the program to support drivers in the ride-sharing sector.
Xchange Leasing's top competitors include Hunter Truck, Yes Lease and Lease End.
Xchange Leasing has 1 investor. Key investors include Fair.
Xchange Leasing operates through Xchange Leasing India Private Limited.
Yes. Xchange Leasing was acquired by Fair in December 2017.
The legal entities of Xchange Leasing currently have 2 directors, including Pooja Arora, Kailash Chand Sharma.