About Blu-Smart Fleet Private Limited
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Blu-Smart Fleet Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Blu-Smart Mobility Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the ride-hailing services segment of the transport and logistics sector. It was incorporated on 14 January 2019.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U63090GJ2019PTC106075. Its GSTIN is 07AAHCG6384R1ZP (Delhi). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹8.55 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Gensol Fleet Private Limited. It is led by directors including Puneet Singh Jaggi and Anmol Singh Jaggi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹288.45 Cr, a growth of 120% compared to the previous year. For the same year it recorded a net loss of ₹134.9 Cr (net margin -46.8%) and EBITDA of ₹104.87 Cr (EBITDA margin 36.4%). Revenue has grown at a compounded annual rate (CAGR) of 233% over three years and 569% over five years.
The company has about 325 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: BluSmart. As per MCA filings, the company has satisfied charges of ₹5 Cr on record. Court records list 57 cases involving the company, including 3 filed by the company and 55 filed against it; 22 cases are pending. The company has 6 deals on record (5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹269.58 Cr; the latest was in March 2024.
The last known website on record is blu-smart.com.
Company details
Contact details
Blu-Smart Fleet Private Limited's registered office is in Ahmedabad, Gujarat. Its website is blu-smart.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address15th Floor A Block, Westgate Business Bay S. G. Road, Ahmedabad, Gujarat, India – 380051
- IndustryTransport and Logistics, Ride-Hailing Services
To see the full contact details of Blu-Smart Fleet 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
Blu-Smart Fleet operates one associated brand: BluSmart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric ride-hailing and cab services are provided via mobile app. | blu-smart.com |
Business activity
The main business activity of Blu-Smart Fleet is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Blu-Smart Fleet Private Limited, buy the company report.
Financials of Blu-Smart Fleet Private Limited
FY 2024 filings availableBlu-Smart Fleet Private Limited reported revenue of ₹288.45 Cr (up 120% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 569% over five years, including 120% growth in the latest year. EBITDA rose 106% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹288.45 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹104.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹134.9 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.4% | ||||
| Net Profit Margin | -46.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Blu-Smart Fleet Private Limited, buy the company report.
Board of directors of Blu-Smart Fleet Private Limited
Blu-Smart Fleet has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puneet Singh Jaggi | Director | 14 Jan 2019 | 7 Years 9 Months | As last reported |
| Anmol Singh Jaggi | Director | 14 Jan 2019 | 7 Years 9 Months | As last reported |
| Utsav Chirag Sheth | Additional Director | 08 Sep 2025 | 1 Years 2 Months | As last reported |
| Bhavesh Gunvantrai Kothari Also directs: Blu-Smart Premium Fleet Private Limited, Blu-Smart Charge Private Limited, Unimoni Enterprise Solutions Private Limited and 1 more | Additional Director | 08 Sep 2025 | 1 Years 2 Months | As last reported |
Auditor
Blu-Smart Fleet Private Limited is audited by S S KOTHARI MEHTA & COMPANY for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S KOTHARI MEHTA & COMPANY | FY 2024 | 000756N |
Shareholding
The shareholding of Blu-Smart Fleet Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Blu-Smart Fleet Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2021 | 100453476 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Blu-Smart Fleet Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Blu-Smart Fleet Private Limited has 6 deals on record (5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹269.58 Cr; the latest was in March 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round | ₹26.09 Cr | Investors: Blu-smart Mobility Private Limited |
| Mar 2023 | Funding round | ₹119.92 Cr | Investors: Blu-smart Mobility Private Limited |
| Aug 2021 | Funding round | ₹87.85 Cr | Investors: Blu-smart Mobility Private Limited |
| Apr 2021 | Funding round | ₹3.02 Cr | Investors: Blu-smart Mobility Private Limited |
| Mar 2020 | Funding round | ₹32.7 Cr | Investors: Blu-smart Mobility Private Limited |
To see the full deal history of Blu-Smart Fleet Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Blu-Smart Fleet Private Limited has 57 court cases on record: 3 filed by Blu-Smart Fleet, 55 filed against it. 22 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 37 | 18 |
| NCLAT | 10 | 10 | 4 |
| High courts | 9 | 8 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Intellicar Telematics Private Limited | Pending |
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by Aerial Telecom Solutions Pvt. Ltd. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Authbridge Research Services Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Toyota Financial Services India Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Catalyst Trusteeship Limited | Pending |
To see the full case history of Blu-Smart Fleet 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 Blu-Smart Fleet Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Blu-Smart Fleet Private Limited has a workforce of 325 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Blu-Smart Fleet has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCG6384R1ZP | Delhi | Active | 16 Apr 2019 |
| 06AAHCG6384R1ZR | Haryana | Active | 17 Sep 2019 |
| 27AAHCG6384R1ZN | Maharashtra | Active | 24 Oct 2019 |
| 29AAHCG6384R1ZJ | Karnataka | Active | 16 Jun 2022 |
To see the full GST registrations and return filing status of Blu-Smart Fleet Private Limited, buy the company report.
Recent activity
Blu-Smart Fleet Private Limited has 4 board changes on record since 2019: 4 appointments. The latest: Bhavesh Gunvantrai Kothari was appointed as Additional Director on 08 Sep 2025.
News
Frequently asked questions
Blu-Smart Fleet is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Blu-Smart Fleet is a company under insolvency, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in ride-hailing services, within the transport and logistics industry. It was incorporated on 14 January 2019 and is registered under CIN U63090GJ2019PTC106075. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Blu-Smart Fleet has 4 current directors:
- Puneet Singh Jaggi - Director
- Anmol Singh Jaggi - Director
- Utsav Chirag Sheth - Additional Director
- Bhavesh Gunvantrai Kothari - Additional Director
The latest financial statements of Blu-Smart Fleet on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Blu-Smart Fleet is U63090GJ2019PTC106075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blu-Smart Fleet has no open charges and satisfied charges of ₹5 Cr as per latest MCA filings.
Blu-Smart Fleet has 57 court cases on record: 3 filed by the company and 55 filed against it. 22 are pending. Most are in the district courts.
Blu-Smart Fleet was incorporated on 14 January 2019. It is registered with the Registrar of Companies, Ahmedabad.
Blu-Smart Fleet has 6 deals on record (5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹269.58 Cr; the latest was in March 2024.
Bhavesh Gunvantrai Kothari was appointed as Additional Director on 08 Sep 2025. Utsav Chirag Sheth was appointed as Additional Director on 08 Sep 2025. Anmol Singh Jaggi was appointed as Director on 14 Jan 2019. Blu-Smart Fleet has 4 board changes on record in total.
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