Company Intelligence Profile
Everest Fleet Private Limited
Everest Fleet is a Mumbai-headquartered (founded 2016) fleet management company operating 18,500+ vehicles across 7 Indian metros (Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Kolkata, Chennai) — per official site everestfleet.com.
Last updated 6 September 2026
Everest Fleet Private Limited, headquartered in Mumbai, is a fleet management company operating over 18,500 vehicles in seven Indian metros. In FY2024, the company reported a revenue of ₹1,057.16 Cr with a significant growth of 125% year-on-year. The company is recognized for awards like Forbes Select 200 and aims to boost asset utilization substantially.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Everest Fleet Private Limited |
|---|---|
| CIN | U63090MH2018PTC316634 |
| PAN | AAFCE2496Q — single source |
| Status | Active |
| Listing | Unlisted private company |
| Incorporated | 31 October 2018 |
| ROC | RoC Mumbai / Maharashtra |
| Sector (NIC) | Transport & storage — "Services incidental to land, water & air transportation" / ride-hailing, fleet management, logistics |
| Registered address | C-105, Mhatre Pen Building, Senapati Bapat Marg, Dadar West, Mumbai City, Mumbai, Maharashtra, India – 400028 |
| Authorized capital | ₹14.0 Crore |
| Paid-up capital | ₹1.89–1.98 Lakh |
Business Overview
- Everest Fleet is a Mumbai-headquartered (founded 2016) fleet management company operating 18,500+ vehicles across 7 Indian metros (Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Kolkata, Chennai) — per official site everestfleet.com
- Segments: Ride-Hailing (16,000+ CNG cars + 2,000+ EVs partnered with taxi aggregators incl. Uber), Logistics (refrigerated/freezer vans), Employee Mobility (corporate transport), and Intercity rides
- Positions itself as enabling driver-entrepreneurship in the unorganised transport sector; stated goal to raise asset utilisation from ~40% to ~80%
- Awards cited: Forbes Select 200, Best Fleet Partner (Uber, 2018-19), Best Fleet Transition 2023
- DPIIT-recognised startup
- Source: everestfleet.com (About Us), Tofler, TheCompanyCheck
Directors
7 current directors (names consistent across Tofler and TheCompanyCheck; DINs from Tofler only — single source, treated as partial):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Prihans Malay Dedhiya | 06661678 | Whole-time Director & Shareholder | 31 Oct 2018 |
| Siddharth Anand Ladsariya | 08186311 | Whole-time Director & Shareholder | 31 Oct 2018 |
| Apurav Mahajan | 09059976 | Whole-time Director | - |
| Anand Khushal Chheda | 09384298 | Additional Director | 21 Nov 2024 |
| Sumeet Singh Nindrajog | 00182873 | Nominee Director | 08 Sep 2023 |
| Saranya Mukul Agrawal | 09682018 | Nominee Director | 21 Nov 2024 |
| Sekhar Shivashailendran | 10195100 | Nominee Director | 08 Jun 2023 |
Financials
Two non-conflicting snapshots from different fiscal years (figures reconcile: ~1,057 cr x 1.3171 ≈ 1,392 cr, inside the FY25 band below): FY2024 (year ended 31 Mar 2024) — source TheCompanyCheck: Revenue ₹1,057.16 Cr (up 125% YoY); EBITDA and Net Profit locked/not disclosed; Employees 1,416 (as of 05 Apr 2024); Auditor: BSR & Co LLP; Last AGM 30 Sep 2024. FY2025 (year ended 31 Mar 2025) — source Tofler: Revenue band ₹1,250-1,500 Cr (Total Revenue growth +31.71% YoY); EBITDA change -26.33% YoY; Net Profit change -233.09% YoY (widening loss); Net worth +63.53% YoY; Borrowings +38.32% YoY; Assets +13.65% YoY. Exact absolute EBITDA/PAT/net-worth/borrowings figures are behind Tofler Pro paywall — not obtained. Standalone vs consolidated: not explicitly stated by either source (likely standalone company filings); not confirmed. Charges outstanding: Open charges ₹1,054.87 Cr; Satisfied charges ₹225.79 Cr; 206 total charge records across 32+ lenders. Top lenders cited — Tofler: IDFC First Bank ₹181.0 Cr (4 loans), HDFC Bank ₹105.4 Cr (20 loans), Axis Trustee Services ₹100.0 Cr (1 loan); other lender splits differ by snapshot date, not a true conflict, just different as-of dates.
Funding
- No funding round amounts, dates, or valuation could be confirmed via Entrackr, Inc42, Tracxn, or news search within this pass
- Investor names are disclosed only on the company's own official website (everestfleet.com) — single source, so treated as partial, not confirmed: Artha, Param Capital, Patni Financial Advisors, RockStud Capital, Spark (fund), and Uber (strategic/partner)
- No round name, amount, or date attributable to any specific investor
- Not obtained: total funding raised, latest round size, post-money valuation, lead investor
In the News
Everest Fleet - 2026 Latest Shareholding & Valuation
Tracxn · 2 months ago
Everest Fleet - 2026 Funding Rounds & List of Investors
Tracxn · 2 months ago
Headlines about Everest Fleet Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges & Borrowings
- Confirmed active charge/borrowing profile (see Financials for figures/sources)
- 206 total charge records
- Open ₹1,054.87 Cr / Satisfied ₹225.79 Cr. Recent charge activity: 22 Nov 2025 charge satisfied (ID 100613979)
- 21 Nov 2025 charge satisfied (ID 100669471)
- 17 Nov 2025 Yes Bank charge modified
- 11 Nov 2025 IDBI Trusteeship charge registered ₹50 Cr
- 10 Nov 2025 charge satisfied
- 28 Oct 2025 IDBI Trusteeship charge ₹17.50 Cr. 32+ distinct lending institutions involved
Legal / Litigation
Indian Kanoon search returned multiple case listings (titles/dates/courts only — full case text not opened in this pass):
- Everest Fleet Private Limited vs The Union Of India And Ors — Bombay High Court, Judge G.S. Kulkarni — multiple listings dated 6 Feb 2026, 13 Feb 2026, 17 Apr 2026, 9 Jul 2026 (likely a GST/tax writ matter recurring across hearing dates)
- Everest Fleet Private Limited vs The Union Of India And Ors — Bombay High Court — 5 Feb 2026 listing
- Everest Fleet Private Limited vs State By Chikkajala Police Station — Karnataka High Court — 19 Jan 2022
- Everest Fleet Private Limited vs Tamil Nadu Online Gaming Authority — Madras High Court, Judge G.K. Ilanthiraiyan — 28 Apr 2025
- State vs Everest Fleet Private Limited — Delhi District Court, Traffic Challan 6724/2025 — 8 Apr 2026
- State vs Everest Fleet Private Limited — Delhi District Court, Traffic Challan 10289/2025 — 22 Apr 2026
indiankanoon.org search results page (case snippets, not full judgments).
Competitors
Not independently confirmed via named head-to-head comparison sources within this pass — offered as sector-context peers based on general knowledge of the Indian fleet-management/ride-hailing-aggregation space, mark as partial/analyst-judgement rather than sourced fact:
- BluSmart Mobility — EV-only ride-hailing fleet operator, comparable/larger scale in EV fleet segment
- Lithium Urban Technologies — corporate/employee EV mobility fleet operator, smaller scale
- Meru Cabs (Cool Cabs) — legacy radio-taxi fleet operator, comparable scale
- Moove — global mobility/fleet-financing platform partnering with Uber, larger international scale
- ONN Bikes / Rapido fleet partners — two-wheeler fleet aggregation, adjacent segment
- Uber & Ola — platform aggregators that Everest Fleet supplies vehicles/drivers to (not direct competitors, but relevant ecosystem players)
Frequently Asked Questions
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