About Driveu Mobility Solutions Private Limited
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Driveu Mobility Solutions Private Limited is a private limited company based in Bangalore South, Karnataka, India, recognised as a startup by DPIIT. 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 South, 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.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address19 3rd Floor 1st Cross Road, Khb Colony 5th Block Koramangala, Bangalore South, Karnataka, India – 560095
- IndustryInternet, Online Service Marketplaces
- 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
- One PDF report, delivered after checkout
Competitors & Alternatives of Driveu Mobility Solutions Private Limited
Brands and companies operating in the same space as Driveu Mobility Solutions Private Limited include DriverShaab, Drivers4Me, Driverskart and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 DriverShaab | On-demand drivers are booked via a mobile application platform. | Kolkata, India | 2019 |
 Drivers4Me | On-demand drivers are booked via an online platform for users. | Kolkata, India | 2018 |
 Driverskart | On-demand personal chauffeur services are provided via a mobile app. | Chennai, India | 2015 |
 Indian Drivers | Provides on-demand, monthly, and B2B driver services through app for transportation needs in India. | Pune, India | 2009 |
 Taxshe | Female chauffeurs are booked online for intra-city travel needs. | Bengaluru, India | 2014 |
 Zuver | On-demand driver services are provided for customers in India. | Mumbai, India | 2015 |
 BeDriven | On-demand chauffeur services are supplied with trained, verified drivers. | Mumbai, India | 2015 |
Business Activity of Driveu Mobility Solutions Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Driveu Mobility Solutions Private Limited
Driveu Mobility Solutions Private Limited is audited by MDA & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MDA & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| 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 2 Months | Current |
| Basavaraj Ullagaddi | Director | 15 Nov 2024 | 1 Years 10 Months | Current |
| Ramprasad Shastry Also directs: Driveu Chauffeur Services LLP | Managing Director | 17 Jul 2015 | 11 Years 2 Months | Current |
Financials of Driveu Mobility Solutions Private Limited FY 2025 filings available
Driveu Mobility Solutions Private Limited reported revenue of ₹29.55 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Driveu Mobility Solutions Private Limited
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 of Driveu Mobility Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.73 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Driveu Mobility Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
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| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Driveu Mobility Solutions are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Driveu Mobility Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Driveu Mobility Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 May 2025 | Hdfc Bank Limited | ₹1.72 Cr | Open |
| 16 Feb 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Lakh | Satisfied |
| 17 May 2023 | Others | ₹1.17 Cr | Satisfied |
| 17 May 2023 | Others | ₹40 Lakh | Satisfied |
| 07 Jul 2022 | Others | ₹84.5 Lakh | Satisfied |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Driveu Mobility Solutions Private Limited
Driveu Mobility Solutions Private Limited has a workforce of 148 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Driveu Mobility Solutions Private Limited
Driveu Mobility Solutions has 20 GST registrations: 15 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| 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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Driveu Mobility Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Driveu Mobility Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Driveu Mobility Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Driveu Mobility Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Driveu Mobility Solutions Private Limited
Recent News on Driveu Mobility Solutions Private Limited
Frequently Asked Questions about Driveu Mobility Solutions Private Limited
Driveu Mobility Solutions is an active private limited company based in Bangalore South, 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 reported revenue of ₹29.55 Cr for FY 2025 (up 20% YoY).
Driveu Mobility Solutions has 3 current directors:
- Ramprasad Shastry - Managing Director
- Ashok Noah Shastry - Director
- Basavaraj Ullagaddi - Director
Driveu Mobility Solutions reported a net profit of ₹1.73 Cr (net margin 5.8%) and EBITDA of ₹2.41 Cr (EBITDA margin 8.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Driveu Mobility Solutions is 64% over three years and 20% over five years. In the latest year (FY 2025) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
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 was incorporated on 17 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Yes, Driveu Mobility Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).