MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0061251
Driveu Mobility Solutions Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹29.55 Cr
▲ 20% YoY
Net profit · FY 2025
₹1.73 Cr
Net margin 5.8%
EBITDA · FY 2025
₹2.41 Cr
EBITDA margin 8.2%
Authorised capital
₹36 Lakh
Registered with MCA
Paid-up capital
₹26.87 Lakh
Issued & subscribed
Open charges
₹1.72 Cr
Satisfied ₹9.74 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
148
Provident fund records
About Driveu Mobility Solutions Private Limited
Data last updated:
Driveu Mobility Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 17 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC081648. Its GSTIN is 29AADCH6500J1ZK (Karnataka). The company holds 20 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹36 Lakh and a paid-up capital of ₹26.87 Lakh. It is led by directors including Ramprasad Shastry (Managing Director) and Ashok Noah Shastry.
Its last annual general meeting (AGM) was held on 13 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.55 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹1.73 Cr (net margin 5.8%) and EBITDA of ₹2.41 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years and 20% over five years.
The company has about 148 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: DriveU. As per MCA filings, the company has open charges of ₹1.72 Cr and satisfied charges of ₹9.74 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 37 deals on record (15 secondary share transfers, 10 funding rounds, 9 convertible or debt financings), with disclosed funding of ₹61.18 Cr; the latest was in March 2024. The company has 4 MSME Form 1 returns on record between 2022 and 2023, listing 36 overdue payments to 2 micro and small suppliers.
Driveu Mobility Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0061251). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website driveu.in.
Company details
CIN U74900KA2015PTC081648
Registration Number 081648
Incorporation Date 17 July 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0061251
Key People
Ramprasad Shastry Managing Director Ashok Noah Shastry Director Basavaraj Ullagaddi Director Recognitions & Rankings of Driveu Mobility Solutions
Contact details
Driveu Mobility Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is driveu.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address19 3rd Floor 1st Cross Road, Khb Colony 5th Block Koramangala, Bangalore, Karnataka, India – 560095
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Driveu Mobility Solutions Private Limited, buy the company report.
Comprehensive company report
Driveu Mobility Solutions Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Driveu Mobility Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Driveu Mobility Solutions Private Limited, buy the company report.
Financials of Driveu Mobility Solutions Private Limited
FY 2025 filings availableDriveu Mobility Solutions Private Limited reported revenue of ₹29.55 Cr (up 20% YoY) for FY 2025.
Revenue · FY 2025
₹29.55 Cr ▲ 20%
Net profit · FY 2025
₹1.73 Cr margin 5.8%
EBITDA · FY 2025
₹2.41 Cr margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 64%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 106%
3 years · compounded
▲ 43%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 20% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.41 Cr | ||||
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| Net Profit (PAT) | ₹1.73 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 5.8% | ||||
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To see the full financial statements and ratios of Driveu Mobility Solutions Private Limited, buy the company report.
Board of directors of Driveu Mobility Solutions Private Limited
Driveu Mobility Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Noah Shastry Also directs: Driveu Chauffeur Services LLP, Base Thesis Labs Private Limited | Director | 17 Jul 2015 | 11 Years 3 Months | Current |
| Basavaraj Ullagaddi | Director | 15 Nov 2024 | 1 Years 11 Months | Current |
| Ramprasad Shastry Also directs: Driveu Chauffeur Services LLP | Managing Director | 17 Jul 2015 | 11 Years 3 Months | Current |
Auditor
Driveu Mobility Solutions Private Limited is audited by MDA & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MDA & Co | FY 2023 | 012023S |
Shareholding
The shareholding of Driveu Mobility Solutions Private 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 Driveu Mobility Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.72 Cr
Satisfied charges
₹9.74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2025 | 101112406 | Hdfc Bank Limited | ₹1.72 Cr | Open | |
| 16 Feb 2024 | 100881665 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Lakh | Satisfied | |
| 17 May 2023 | 100826426 | Others | ₹1.17 Cr | Satisfied | |
| 17 May 2023 | 100753387 | Others | ₹40 Lakh | Satisfied | |
| 07 Jul 2022 | 100594689 | Others | ₹84.5 Lakh | Satisfied |
To see the full charge records of Driveu Mobility Solutions Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Driveu Mobility Solutions Private Limited has 37 deals on record (15 secondary share transfers, 10 funding rounds, 9 convertible or debt financings), with disclosed funding of ₹61.18 Cr; the latest was in March 2024.
Total deals
37
Secondary share transfers
15
Funding rounds
10
Convertible or debt financings
9
Debt financings
3
Disclosed funding
₹61.18 Cr
Deals on record (5 of 37)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Debt financing | ₹2.92 Cr | Investors: Karnation Fund I, Rewiser Educational Services Private Limited , 2 individuals |
| Aug 2021 | Debt financing | ₹1.12 Cr | Investors: 4 individuals |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: The Hegde Family Revocable Trust, 3 individuals Seller: an individual |
| Sep 2017 | Funding round | ₹40 Lakh | Investors: Jobbie Services India Private Limited |
| Jul 2017 | Funding round | ₹61 Lakh | Investors: Getdriven Technologies Private Limited |
To see the full deal history of Driveu Mobility Solutions 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
Driveu Mobility Solutions Private Limited has 2 court cases on record: 2 filed by Driveu Mobility Solutions. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed by the company against Zoomcar India Pvt Ltd | Disposed |
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against State of Karnataka | Disposed |
To see the full case history of Driveu Mobility Solutions 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
Driveu Mobility Solutions Private Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 36 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Drishti-Soft Solutions Private Limited | |||
| Handy Online Solutions Private Limited |
To see the full MSME payment records of Driveu Mobility Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Driveu Mobility Solutions Private Limited has a workforce of 148 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
148
Active EPFO establishments
1
Employee growth
25.42%
GST
Driveu Mobility Solutions has 20 GST registrations: 15 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
20
Active
15
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH6500J1ZK | Karnataka | Active | 01 Jul 2017 |
| 29AADCH6500J1CV | Karnataka | Active | 30 Oct 2018 |
| 07AADCH6500J1ZQ | Delhi | Active | 01 Jul 2017 |
| 27AADCH6500J1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Driveu Mobility Solutions Private Limited, buy the company report.
Recent activity
Driveu Mobility Solutions Private Limited has 6 board changes on record since 2015: 3 appointments and 3 cessations. The latest: Basavaraj Ullagaddi ceased to be Director on 17 Jul 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 171.61 Lakh registered on 09 May 2025 with Charge ID 101112406 was modified on 12 Sep 2025.
AGM
Driveu Mobility Solutions Private Limited last Annual general meeting of members was held on 13 Aug 2025 as per latest MCA records.
Ceased
Basavaraj Ullagaddi ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 171.61 Lakh with Charge ID 101112406 was registered on 09 May 2025.
Filing
Driveu Mobility Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 16 Feb 2024 via Charge ID 100881665 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 25 Feb 2025.
Appointed
Basavaraj Ullagaddi was appointed as Director.
Charges
A charge registered on 17 May 2023 via Charge ID 100826426 with Others was fully satisfied on 11 Nov 2024.
Charges
A charge registered on 17 May 2023 via Charge ID 100753387 with Others was fully satisfied on 11 Nov 2024.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 5.00 Lakh with Charge ID 100881665 was registered on 16 Feb 2024.
Charges
A charge registered on 07 Jul 2022 via Charge ID 100594689 with Others was fully satisfied on 28 Jun 2023.
Charges
A charge registered on 17 Jun 2022 via Charge ID 100594496 with Others was fully satisfied on 28 Jun 2023.
23 earlier events are in the company report.
News
Frequently asked questions
Driveu Mobility Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 17 July 2015 (11+ years old) and is registered under CIN U74900KA2015PTC081648.
Driveu Mobility Solutions has 3 current directors:
- Ramprasad Shastry - Managing Director
- Ashok Noah Shastry - Director
- Basavaraj Ullagaddi - Director
The latest financial statements of Driveu Mobility Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Driveu Mobility Solutions is 29AADCH6500J1ZK, registered in Karnataka. The company has 20 GST registrations in all, of which 15 are active and 5 are cancelled or inactive. Other active GSTINs include 29AADCH6500J1CV (Karnataka), 07AADCH6500J1ZQ (Delhi), 27AADCH6500J1ZO (Maharashtra).
The CIN (Corporate Identification Number) of Driveu Mobility Solutions is U74900KA2015PTC081648. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Driveu Mobility Solutions has 2 court cases on record: 2 filed by the company.
Driveu Mobility Solutions was incorporated on 17 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Driveu Mobility Solutions has 37 deals on record (15 secondary share transfers, 10 funding rounds, 9 convertible or debt financings), with disclosed funding of ₹61.18 Cr; the latest was in March 2024.
Basavaraj Ullagaddi ceased to be Director on 17 Jul 2025. Basavaraj Ullagaddi was appointed as Director on 15 Nov 2024. Ashok Noah Shastry ceased to be Director on 11 Oct 2022. Driveu Mobility Solutions has 6 board changes on record in total.
Yes, Driveu Mobility Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0061251).
Driveu Mobility Solutions has 4 MSME Form 1 returns on record between 2022 and 2023, listing 36 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.