Vehicle Rental Business Seeking Loan in Bhubaneswar, India
Asset-light car rental business in Odisha serving government contracts, seeking growth capital to expand operations.
| Established | 30-40 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 65 thousand |
| Run Rate Sales | USD 90 thousand |
| EBITDA Margin | 0 - 10 % |
| Industries | Vehicle Rental |
| Locations | Bhubaneswar |
| Local Time | 1:26 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
10.8 thousand
for
10.0%
annual interest,
5
years
(Native Currency: INR 1,000,000)
Reason: Seeking funding as working capital to expand operations by adding more vehicles for rental services.
Collateral Available: USD 0
Includes physical assets worth
USD
1.08 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Provides vehicle rental services on a monthly contract basis primarily through government tenders.
- Supplies 30–40 cars per month to various state government departments and institutional clients.
- Operates an asset-light model by sourcing vehicles from third-party vendors instead of owning a fleet.
- Serves a diversified client base including government departments, corporates, and select private sector clients, with over 500 customers served.
- Built long-standing relationships with government bodies, supported by performance certificates and repeat contracts.
- Led by a promoter with over three decades of experience in the vehicle rental and government contracting space.
- Operates with GST registration, ensuring compliance and eligibility for institutional and tender-based work.
- Established operational processes for managing vendor-supplied fleet, ensuring timely deployment and service continuity.
- Supplies 30–40 cars per month to various state government departments and institutional clients.
- Operates an asset-light model by sourcing vehicles from third-party vendors instead of owning a fleet.
- Serves a diversified client base including government departments, corporates, and select private sector clients, with over 500 customers served.
- Built long-standing relationships with government bodies, supported by performance certificates and repeat contracts.
- Led by a promoter with over three decades of experience in the vehicle rental and government contracting space.
- Operates with GST registration, ensuring compliance and eligibility for institutional and tender-based work.
- Established operational processes for managing vendor-supplied fleet, ensuring timely deployment and service continuity.
Products & Services Overview
Monthly car rental services provided through government tenders, catering mainly to state government departments, corporates, and institutional clients.
Assets Overview
Tangible assets:- Office equipment and furniture.
Intangible assets:
- Established market presence with 30+ years of industry experience.
Facilities Overview
We are operating from a rented office.
Capitalization Overview
The business is structured as a sole proprietorship, currently supported by self-funding and an INR 20 lakh cash credit facility from UCO Bank.
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·Lend to Vehicle Rental Business
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