Company Intelligence Profile
Intellicar Telematics Private Limited
Intellicar is a Bengaluru-based IoT mobility-solutions company.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Intellicar Telematics Private Limited |
|---|---|
| CIN | U72300KA2015PTC078960 |
| PAN | not obtained |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 23 February 2015 (Tofler, TheCompanyCheck) |
| ROC | Registrar of Companies, Bangalore/Karnataka (Tofler, TheCompanyCheck) |
| Sector (NIC) | IT/Telematics — described as "Computer Related Services (Telecommunications & IT Design)" (TheCompanyCheck) / "Geographic Information System (GIS) Solutions" (Tofler). Precise NIC code not obtained. Note: CIN prefix changed from an earlier U40104KA2015PTC078960 (Tofler lists this as a "Previous CIN"), indicating a past activity-code reclassification — not independently corroborated on a second source. |
| Registered address | No.1216 & 1217, KCN Complex, 1st & 3rd Floor, 11th A Cross, 24th Main, Sector 1, HSR Layout, Bengaluru, Karnataka 560102 (Tofler, TheCompanyCheck agree) |
| Authorized capital | ₹2.03 crore (Tofler); ₹2.0 crore (TheCompanyCheck, rounded) — treated as confirmed given minor rounding only |
| Paid-up capital | ₹1.48 crore (Tofler and TheCompanyCheck agree) |
Business Overview
Confirmed- Intellicar is a Bengaluru-based IoT mobility-solutions company
- Per its official site (intellicar.in), it provides fleet management (real-time tracking, driver insights, predictive maintenance), EV OEM solutions (diagnostics, R&D data tools, remote updates), battery OEM monitoring (health/lifecycle), battery-swapping network management, and EV financing solutions (asset tracking/risk assessment for lessors)
- Self-reported scale: 300,000+ connected assets, 50+ scaling clients, 100TB of data processed monthly, 95% client renewal rate
- Leadership per the site: Karan Makhija (CEO), Shunmuga Krishnan (CTO), Sidharth Middela (VP Engineering)
Directors
Partial / conflictingConfirmed current directors (Tofler + TheCompanyCheck, appointment date agrees across both):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Karan Makhija | 06747682 | appointed 24 May 2022 CEO | 24 May 2022 |
| Shunmuga Krishnan Senthil Arumugam | 08691888 | appointed 24 May 2022 CTO | 24 May 2022 |
| Tan Poh Lin | - | appointed 24 May 2022 | 24 May 2022 |
Financials
Partial / conflictingFY ended 31 March 2024 (standalone, per TheCompanyCheck/Tofler):
- Revenue: reported only as a bucketed range, ₹25–50 crore (both sources use range buckets, not exact figures — exact revenue is paywalled)
- Net profit margin: 19.0%; Operating margin: 27.89%; ROE: 34.41%; ROCE: 54.27%; Debt-to-equity: -0.21 (TheCompanyCheck)
- Net worth: up 34.92% YoY (Tofler) — absolute figure paywalled
- Exact EBITDA and PAT values: not obtained (behind paid subscription on both platforms)
No consolidated financials found; treat the above as standalone-entity metrics only.
Funding
Partial / conflictingOwnership/deal history is well corroborated by three independent news outlets (ET Auto, Yahoo Finance, The Hindu — via Bing News):
- TVS Motor Company acquired Intellicar Telematics for ~₹15 crore (~2020/2021).
- TVS Motor Company fully divested its stake via a Share Purchase Agreement dated 16 May 2022, for ~₹45 crore (about 3x the original price), to Karan Makhija, Shunmuga Krishnan Senthil Arumugam, Sidharth Middela, and "Fabric IOT" (India Infoline, Business Line). This lines up with the 24 May 2022 director-appointment date seen on Tofler/TheCompanyCheck.
- Per Inc42 (via Bing News, ~2025): "Fabric" — described as an EV solutions company with Intellicar as a subsidiary, founded/led by the same team — raised a $13.5M Series A led by Nuveen, to scale EV data/energy solutions.
Caution (entity-confusion guard): the $13.5M Nuveen round is Fabric's (the parent/group entity), not confirmed as capital raised directly by Intellicar Telematics Private Limited itself — reported here as group context, not as Intellicar's own funding round. Tracxn profile pages returned 404 on direct fetch, so round-name terminology could not be independently cross-checked there.
Charges
ConfirmedPer TheCompanyCheck (open ₹14.4 Cr / satisfied ₹2 Cr):
- State Bank of India — ₹9.40 crore — Open — charge date given as 30 Dec 2022 (TheCompanyCheck) vs Oct 2024 (Tofler) — SOURCE CONFLICT, exact creation date not confirmed
- Tata Capital Financial Services Limited — ₹5.00 crore — Open — created 24 Feb 2023 (both sources agree)
- HDFC Bank Limited — ₹2 crore — Satisfied — created 26 Jun 2018 (TheCompanyCheck)
Per the source map's caveat, "no open charges" would not mean "no charges ever" — but here open charges were positively found.
Legal
ConfirmedTwo matching writ petitions on Indian Kanoon, both Karnataka High Court, both decided 19 June 2024, same bench (Justice S Sunil Dutt Yadav):
- Intellicar Telematics Private Limited vs The Income Tax Officer — W.P. No. 14528/2024 (T-RES)
- Intellicar Telematics Private Limited vs The Income Tax Officer — W.P. No. 14647/2024 (T-IT)
Both are tax-related writ petitions against the Income Tax Officer; case dispositions/merits not detailed in the search snippet — would need the full judgment text for outcome.
Competitors
ConfirmedIndian fleet-management / vehicle-telematics peers (via web search, not an aggregator "competitors" page, so treat as indicative rather than a curated competitor list):
- Fleetx — AI-powered fleet & transport management software, similar scale (SME/mid-size SaaS)
- Tata Motors Fleet Edge — fleet management platform backed by a large OEM parent (larger scale than Intellicar)
- Everest Fleet — fleet management/mobility operator, comparable mid-market scale
- Fleetable — fleet & transport management software, smaller/similar scale
- BharatFleet — fleet management software, smaller scale
- Fleetor — fleet management system, smaller scale
Industry names such as Locus, TrackoBit, Intangles, and Vamosys are commonly cited in this space in general knowledge but were NOT independently confirmed via a fetched source in this session, so they are omitted from the confirmed list.
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