Company Intelligence Profile
Ec Wheels India Private Limited
EC Wheels India Pvt Ltd operates the "Snap-E Cabs" brand, a 100% electric-vehicle ride-hailing/cab service headquartered in Kolkata (New Town), expanding into Delhi NCR.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Ec Wheels India Private Limited |
|---|---|
| CIN | U74999WB2022PTC251914 |
| PAN | AAGCE9184N (Source: Tofler, TheCompanyCheck — 2 sources agree) |
| Status | Active |
| Listing | Not listed (unlisted private company). Its majority promoter/parent, Steelman Telecom Limited, IS BSE-listed (CIN L55101WB2003PLC096195). |
| Incorporated | 26 February 2022 (Source: Tofler, TheCompanyCheck — 2 sources agree) |
| ROC | RoC Kolkata (Source: Tracxn, Tofler) |
| Sector (NIC) | NIC U74999 — "Other Business Activities" / classified by Tofler under "Land Transport via Road"; operationally an EV ride-hailing (cab aggregation) business |
| Registered address | Rishi Tower, 1st Floor, A-1, Premises No. 02-315, Street No. 315, New Town, Kolkata, West Bengal 700156 (Source: Tofler, TheCompanyCheck, KnowYourGST GSTIN address — 3 sources agree) |
| Authorized capital | ₹16.2 crore (Source: Tofler, TheCompanyCheck) |
| Paid-up capital | ₹12.36–12.4 crore (Source: Tofler, TheCompanyCheck) |
Business Overview
Confirmed- EC Wheels India Pvt Ltd operates the "Snap-E Cabs" brand, a 100% electric-vehicle ride-hailing/cab service headquartered in Kolkata (New Town), expanding into Delhi NCR
- It positions itself as an eco-friendly public electric transport service with app-based booking (Android/iOS, 5L+ downloads on Play Store), AIS-140 GPS tracking with SOS, and verified drivers, claiming ~80% lower carbon footprint vs conventional cabs
- It sources EVs from Tata Motors (an order for 1,000 Xpres-T EVs was placed around Oct 2022) and has partnered with HPCL for EV charging access and reportedly with Rapido for its Delhi NCR market entry
- It is a subsidiary of BSE-listed Steelman Telecom Limited (formerly a telecom company diversifying into EV mobility)
- (Sources: snapecabs.com, EVreporter/Indian Startup Times funding coverage, Instagram/HPCL partnership post, Facebook/Tata Motors trade posts — partial/mixed-source corroboration on partnership specifics)
Directors
ConfirmedMahendra Bindal (DIN 00484964) and Mayank Bindal (DIN 02185797), both listed as director/shareholder, ~4 years tenure (Source: Tofler, TheCompanyCheck — 2 sources agree, confirmed). A ZaubaCorp search snippet also references a Steelman Telecom Limited-linked CFO KMP appointment (2023-02-14) — single source, not independently corroborated, treat as partial/unconfirmed.
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 19AAGCE9184N1ZR | West Bengal | AAGCE9184N (Source: Tofler, TheCompanyCheck — 2 sources agree) | - |
| 33AABCU7650C1ZM | Tamil Nadu | AAGCE9184N (Source: Tofler, TheCompanyCheck — 2 sources agree) | - |
| 33AAKFE5514B1ZY | Tamil Nadu | AAGCE9184N (Source: Tofler, TheCompanyCheck — 2 sources agree) | - |
Primary GSTIN: 19AAGCE9184N1ZR, West Bengal (home state), address matches registered office (Rishi Tower, Premises No. 02-315, New Town, WB 700156); PAN component AAGCE9184N matches confirmed company PAN (Source: KnowYourGST search result — single source but PAN cross-checks against Tofler/TheCompanyCheck PAN, so treated as confirmed). Registration status not explicitly re-verified on a live GSTIN status page — presumed Active given company's Active corporate status; not independently confirmed. Number of total GST registrations across states (e.g. possible Delhi/NCT registration given Delhi NCR ride-hailing expansion) not obtained. NOTE (entity-confusion avoided): search results also surfaced GSTIN 33AABCU7650C1ZM (Vakilsearch, Chennai) and GSTIN 33AAKFE5514B1ZY for "E WHEELS" (Masters India, Tamil Nadu) — both have different PAN prefixes and belong to unrelated entities; excluded from this profile.
Financials
Partial / conflicting- FY2023-24 (standalone), per Tofler (single source — partial confidence, some figures paywalled/range-only): Operating revenue in the ₹25–50 crore band, with reported YoY revenue growth of 792.32% (rapid scale-up)
- EBITDA and PAT: not obtained (subscription-restricted)
- Net worth: absolute figure not obtained
- book net worth reported up 1,354.79% YoY
- Borrowings: absolute figure not obtained
- total borrowings reported down 11.21% YoY
- Consolidated financials also referenced as available on Tofler but restricted
- No independent second source corroborated the exact percentages — treat as partial/unconfirmed pending a primary filing
Funding
Confirmed- (1) February 2024: USD 2.5 million (~INR 22 crore) Pre-Series A round led by Inflection Point Ventures (IPV) — confirmed via multiple sources (ET EnergyWorld, Autocar Professional, EVreporter, ThePrint)
- funds earmarked for talent acquisition, technology, and Delhi NCR market entry (including a Rapido partnership), fleet expansion of 300–400 EVs by FY24
- (2) September 2025: a further USD 2.5 million "bridge" round, also led by IPV, with participation from ah!
- Ventures and angel investors (Shish Kharesiya, Praveen Chand, Jaspreet Kaur) — confirmed via Indian Startup Times/Energetica India
- funds for product innovation, leasing more EVs, and deepening Delhi NCR presence
- Separately, parent Steelman Telecom Limited (STL) has made repeated intra-group equity infusions into EC Wheels via preferential allotments / conversion of loans to equity (disclosed across multiple STL BSE filings, 2022–2025) — this is promoter capital, distinct from the external VC rounds above
Charges / Loans
Partial / conflicting- Per Tofler (single source, partial confidence): multiple secured bank credit facilities totaling roughly ₹50.7 crore — ICICI Bank ~₹17.8 cr (5 charges/loans), HDFC Bank ~₹14.7 cr (34 charges, likely vehicle/fleet financing loans), State Bank of India ~₹9.9 cr (1 loan), Axis Bank ~₹4.9 cr (1 loan), and other lenders ~₹3.8 cr. Not cross-verified against a second source (e.g. MCA charge index was out of scope per source rules)
- treat as indicative, not final
Legal / Litigation
Confirmed- EC Wheels India Private Limited vs Shriram General Insurance Company Limited — a commercial dispute at Calcutta High Court, Commercial Division, Case No. AP-COM/190/2025, before Justice Shampa Sarkar, with order-sheet activity across March–May 2025 (Source: Indian Kanoon)
- EC Wheels also appears incidentally (as a cited precedent, not a party) in an unrelated Bombay High Court judgment, United India Insurance Co. Ltd vs UPL Ltd (22 April 2026)
- No other litigation found
Competitors
Partial / conflicting- EV ride-hailing / EV mobility peers: (1) BluSmart — Delhi-NCR/Bengaluru EV ride-hailing, much larger scale, well-funded (VC + green bonds)
- (2) EVera Cabs — Delhi NCR EV ride-hailing/leasing, comparable early-stage scale
- (3) Lithium Urban Technologies — pan-India corporate EV mobility, larger/more established scale
- (4) Ola — mainstream ride-hailing major expanding an EV fleet segment, vastly larger scale
- (5) Rapido — ride-hailing aggregator that is actually a stated PARTNER (not a pure competitor) for EC Wheels' Delhi NCR entry, flagged for clarity rather than as a rival
- Scale tags are directional, not sourced from a single ranking
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