About Blu-Smart Mobility Limited
Data last updated:
Blu-Smart Mobility Limited is a public limited company based in Ahmedabad, Gujarat, India. 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 scientific services segment of the professional services sector. It was incorporated on 24 October 2018.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2018PLC104895. Its GSTIN is 24AAHCG5257B1ZW (Gujarat). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹11.01 Cr. It was formerly known as Gensol Mobility Private Limited. It is led by directors including Anmol Singh Jaggi and Inderpreet Singh Wadhwa.
Its last annual general meeting (AGM) was held on 30 November 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 ₹128.82 Cr, a growth of 142% compared to the previous year. For the same year it recorded a net loss of ₹470.13 Cr (net margin -365%) and EBITDA of -₹100.28 Cr (EBITDA margin -77.8%). Revenue has grown at a compounded annual rate (CAGR) of 165% over three years.
The company has about 82 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: BluSmart. As per MCA filings, the company has open charges of ₹980.45 Cr and satisfied charges of ₹495.47 Cr on record. Court records list 16 cases involving the company, including 16 filed against it; 8 cases are pending. The company has 48 deals on record (25 secondary share transfers, 12 funding rounds, 8 debt financings), with disclosed funding of ₹1,112.43 Cr; the latest was in December 2024.
The last known website on record is blu-smart.com.
Company details
CIN history
Blu-Smart Mobility has one previous CIN (Corporate Identification Number): U74999GJ2018PTC104895. The current CIN is U74999GJ2018PLC104895, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999GJ2018PLC104895 | Current |
| U74999GJ2018PTC104895 | Previous |
Contact details
Blu-Smart Mobility 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
- IndustryProfessional Services, Scientific, Technical, Personal
To see the full contact details of Blu-Smart Mobility 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 Mobility 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 Mobility 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 Mobility Limited, buy the company report.
Financials of Blu-Smart Mobility Limited
FY 2024 filings availableBlu-Smart Mobility Limited reported revenue of ₹128.82 Cr (up 142% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 165% over three years, including 142% growth in the latest year. EBITDA fell 84% 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 | ₹128.82 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹100.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹470.13 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | -77.8% | ||||
| Net Profit Margin | -365% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Blu-Smart Mobility Limited, buy the company report.
Board of directors of Blu-Smart Mobility Limited
Blu-Smart Mobility has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sophia Isabella Marie Nadur Also directs: Magenta EV Solutions Private Limited | Nominee Director | 30 Sep 2021 | 5 Years 1 Months | As last reported |
| Anmol Singh Jaggi | Director | 08 Dec 2018 | 7 Years 11 Months | As last reported |
| Inderpreet Singh Wadhwa | Director | 10 Nov 2020 | 6 Years 0 Months | As last reported |
| Dharmichand Sunil Kumar | Nominee Director | 31 Mar 2023 | 3 Years 7 Months | As last reported |
Auditor
Blu-Smart Mobility 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 Mobility Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | 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 Mobility Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jan 2025 | 101038097 | Others | ₹3 Cr | Open | |
| 11 Jan 2025 | 101043087 | Others | ₹15 Cr | Open | |
| 20 Dec 2024 | 101033393 | Others | ₹15 Cr | Open | |
| 05 Dec 2024 | 101019584 | Others | ₹10 Cr | Open | |
| 14 Nov 2024 | 101011846 | Others | ₹10 Cr | Open |
To see the full charge records of Blu-Smart Mobility Limited, buy the company report.
Total charge records: 48 View all charges
Deals & funding
Blu-Smart Mobility Limited has 48 deals on record (25 secondary share transfers, 12 funding rounds, 8 debt financings), with disclosed funding of ₹1,112.43 Cr; the latest was in December 2024.
Deals on record (5 of 48)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Funding round · Series B | ₹112.12 Cr | Investors: Agra-Gwalior Pathways Private Limited , Rare Fam Holdings, Anca International LLP , an individual |
| Sep 2024 | Debt financing | ₹25 Cr | Investors: Moon Beverages Limited , Credavenue Private Limited , Chokhani Family Office |
| Aug 2024 | Debt financing | ₹15 Cr | Investors: Credavenue Private Limited , Pico Capital Private Limited |
| May 2024 | Funding round · Pre-Series B | ₹200 Cr | Investors: responsAbility Investments, Renone Consultancy LLP , 2 individuals |
| Jan 2024 | Rights issue | ₹199.89 Cr | Investors: Singhvi Heritage LLP , 3 individuals |
To see the full deal history of Blu-Smart Mobility 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 Mobility Limited has 16 court cases on record: 16 filed against it. 8 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 11 | 11 | 4 |
| District courts | 5 | 5 | 4 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed against the company by Clime Finance Private Limited Through Rohit Chadha | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Blu Smart Fleet Private Limited and 1 other | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Matrix Gas and Renewable Limited and 1 other | Disposed |
To see the full case history of Blu-Smart Mobility 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 Mobility Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Blu-Smart Mobility has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Blu-Smart Mobility Tech Private Limited | U63030GJ2019PTC105970 | |
| Blu-Smart Charge Private Limited | U63090GJ2019PTC106065 | |
| Blu-Smart Fleet Private Limited | U63090GJ2019PTC106075 |
To see the full group structure of Blu-Smart Mobility Limited, buy the company report.
Employees & EPFO
Blu-Smart Mobility Limited has a workforce of 82 employees on its EPFO records as of Dec 24, 2025, across 1 active EPFO establishment.
GST
Blu-Smart Mobility has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCG5257B1ZW | Gujarat | Active | 11 Dec 2018 |
| 29AAHCG5257B1ZM | Karnataka | Active | 29 Sep 2022 |
To see the full GST registrations and return filing status of Blu-Smart Mobility Limited, buy the company report.
Recent activity
Blu-Smart Mobility Limited has 16 board changes on record since 2018: 5 appointments and 11 cessations. The latest: Ritesh Kumar Adatiya was appointed as Irp/Rp/Liquidator on 06 Aug 2025.
83 earlier events are in the company report.
News
Frequently asked questions
Blu-Smart Mobility 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 Mobility is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in scientific, within the professional services industry. It was incorporated on 24 October 2018 and is registered under CIN U74999GJ2018PLC104895. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Blu-Smart Mobility has 4 current directors:
- Sophia Isabella Marie Nadur - Nominee Director
- Anmol Singh Jaggi - Director
- Inderpreet Singh Wadhwa - Director
- Dharmichand Sunil Kumar - Nominee Director
The latest financial statements of Blu-Smart Mobility on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 November 2024. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Blu-Smart Mobility is U74999GJ2018PLC104895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blu-Smart Mobility has open charges of ₹980.45 Cr and satisfied charges of ₹495.47 Cr as per latest MCA filings.
Blu-Smart Mobility has 16 court cases on record: 16 filed against it. 8 are pending. Most are in the nclat.
Blu-Smart Mobility was incorporated on 24 October 2018. It is registered with the Registrar of Companies, Ahmedabad.
Blu-Smart Mobility has 48 deals on record (25 secondary share transfers, 12 funding rounds, 8 debt financings), with disclosed funding of ₹1,112.43 Cr; the latest was in December 2024.
Ritesh Kumar Adatiya was appointed as Irp/Rp/Liquidator on 06 Aug 2025. Rupa Devi Singh ceased to be Additional Director on 29 Nov 2024. Dharmichand Sunil Kumar was appointed as Nominee Director on 31 Mar 2023. Blu-Smart Mobility has 16 board changes on record in total.
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