About Ridelane Services Private Limited
Data last updated:
Ridelane Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the ride-hailing services segment of the transport and logistics sector. It was incorporated on 12 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63040KA2019PTC127889. Its GSTIN is 29AAJCR8059G1ZT (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors including Manan Bansal and Ashok Kumar Kanodia.
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 No C – 507 Gopalan Jewels 7th Mile Konankunte Cross Kanakapura Main Road, Bangalore, Karnataka, India – 560002.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.31 Cr, a growth of 141% compared to the previous year. For the same year it recorded a net profit of ₹72.53 Lakh (net margin 7%) and EBITDA of ₹2.16 Cr (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 88% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.71 Cr on record. Court records list 4 cases involving the company, including 2 filed against it; 1 case is pending.
For more details, the company can be reached via its website bus2work.in.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo C – 507 Gopalan Jewels 7th Mile Konankunte Cross Kanakapura Main Road, Bangalore, Karnataka, India – 560002
- IndustryTransport and Logistics, Ride-Hailing Services
- 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
Business Activity of Ridelane Services Private Limited
The main business activity of Ridelane Services is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | 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.
Financials of Ridelane Services Private Limited FY 2024 filings available
Ridelane Services Private Limited reported revenue of ₹10.31 Cr (up 141% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ridelane Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 88% over five years, including 141% growth in the latest year. EBITDA rose 92% 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 Ridelane Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹72.53 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ridelane Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| 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 Ridelane Services are in the company report.
Financial statements from FY 2020
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.
Peer Comparison of Ridelane Services Private Limited
Ridelane Services Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Passenger Transport Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jabalpur City Transport Services Limited | ₹10.9 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Jabalpur, Madhya Pradesh, India |
| Morya Trans Facility Private Limited | ₹10.72 Cr (FY 2019) | •••• | •••• | -10.0% | •••• | Pune, Maharashtra, India |
| Jujhar Passengers Bus Service Private Limited | ₹10.69 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Punjab, India |
| Parashar Infra Private Limited | ₹10.54 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Jaipur, Rajasthan, India |
| Khalsa Automovers Private Limited | ₹10.38 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Santkabir Nagar, Uttar Pradesh, India |
| Ridelane Services Private Limited this company | ₹10.31 Cr (FY 2025) | •••• | •••• | 141.0% | •••• | Bangalore, Karnataka, India |
| Ten Travels Private Limited | ₹10.18 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Delhi, India |
| Dayajeet Nimay Bus Logistics Private Limited | ₹10.11 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Pune, Maharashtra, India |
| Jay Meldi Bus Service Private Limited | ₹10.09 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Arbudanagar, Gujarat, India |
| Gurubaba Conveyance Private Limited | ₹10.01 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Gwalior, Madhya Pradesh, India |
| Ganesh Ram Utility Services Private Limited | ₹9.99 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Patna, Bihar, India |
Peers are the five companies nearest above and the five nearest below Ridelane Services by revenue in the Transport and Logistics industry (Passenger Transport Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ridelane Services Private Limited
Ridelane Services Private Limited is audited by Rajgaria& Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rajgaria& 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 Ridelane Services Private Limited
Ridelane Services has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manan Bansal | Director | 12 Sep 2019 | 7 Years 0 Months | Current |
| Ashok Kumar Kanodia | Director | 12 Sep 2019 | 7 Years 0 Months | Current |
| Arun Khetan | Director | 12 Sep 2019 | 7 Years 0 Months | Current |
Ownership and Shareholding of Ridelane Services 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 Ridelane Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jul 2024 | Hdfc Bank Limited | ₹1.57 Cr | Open |
| 26 Feb 2024 | Hdfc Bank Limited | ₹1.29 Cr | Open |
| 19 Feb 2024 | Others | ₹1.45 Cr | Open |
| 25 Aug 2021 | Hdfc Bank Limited | ₹11.2 Lakh | Open |
| 13 Jul 2021 | Hdfc Bank Limited | ₹29 Lakh | Open |
Total charge records: 5 View all charges
Legal Cases of Ridelane Services Private Limited
Ridelane Services Private Limited has 4 court cases on record: 2 filed against it, 2 where it is another party. 1 case is pending and 3 are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Motor accident claim | Company is another party | Pending |
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Motor accident claim | Company is another party | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ridelane Services Private Limited
Ridelane Services Private Limited has a workforce of 10 employees as of Apr 07, 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.
Group Structure of Ridelane Services Private Limited
Ridelane Services has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Ridelane Services Private Limited
Ridelane Services Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Arun Khetan was appointed as Director on 12 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Ridelane Services 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 Ridelane Services 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 Ridelane Services 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.
GST Compliance of Ridelane Services Private Limited
Ridelane Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCR8059G1ZT | Karnataka | Active | 09 Oct 2019 |
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.
MCA Filings & Documents of Ridelane Services 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.
Frequently Asked Questions about Ridelane Services Private Limited
Ridelane Services is an active private limited company based in Bangalore, Karnataka, India. The company works in ride-hailing services, within the transport and logistics industry. It was incorporated on 12 September 2019 (7+ years old) and is registered under CIN U63040KA2019PTC127889.
Ridelane Services reported revenue of ₹10.31 Cr for FY 2025 (up 141% YoY).
Ridelane Services has 3 current directors:
- Manan Bansal - Director
- Ashok Kumar Kanodia - Director
- Arun Khetan - Director
Ridelane Services reported a net profit of ₹72.53 Lakh (net margin 7%) and EBITDA of ₹2.16 Cr (EBITDA margin 20.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ridelane Services is 36% over three years and 88% over five years. In the latest year (FY 2025) revenue rose 141%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ridelane Services is 29AAJCR8059G1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Ridelane Services is U63040KA2019PTC127889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ridelane Services has 4 court cases on record: 2 filed against it. 1 is pending.
Ridelane Services was incorporated on 12 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ridelane Services by revenue are Jabalpur City Transport Services Limited, Morya Trans Facility Private Limited, Jujhar Passengers Bus Service Private Limited, Parashar Infra Private Limited, Khalsa Automovers Private Limited and 5 more, all in the Transport and Logistics industry (Passenger Transport Services).
Arun Khetan was appointed as Director on 12 Sep 2019. Ashok Kumar Kanodia was appointed as Director on 12 Sep 2019. Manan Bansal was appointed as Director on 12 Sep 2019.