Company Intelligence Profile
Intellicar Telematics Private Limited
Intellicar is a Bengaluru-based IoT mobility-solutions company.
Last updated 4 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Intellicar Telematics
Deeper analysis, financial signals and peer comparisons.
Company Identity
Confirmed| Registered name | Intellicar Telematics Private Limited |
|---|---|
| CIN | U72300KA2015PTC078960 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 23 February 2015 |
| ROC | Registrar of Companies, Bangalore/Karnataka |
| Sector (NIC) |
|
| Registered address | No.1216 & 1217, KCN Complex, 1st & 3rd Floor, 11th A Cross, 24th Main, Sector 1, HSR Layout, Bengaluru, Karnataka 560102 |
| Authorized capital |
|
| Paid-up capital | ₹1.48 crore |
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 | - | 24 May 2022 |
| Shunmuga Krishnan Senthil Arumugam | 08691888 | - | 24 May 2022 |
| Tan Poh Lin | - | - | 24 May 2022 |
Financials
Partial / conflictingFY ended 31 March 2024:
- 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
- Net worth: up 34.92% YoY — 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: "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
Confirmed- State Bank of India — ₹9.40 crore — Open — charge date given as 30 Dec 2022 vs Oct 2024 — SOURCE CONFLICT, exact creation date not confirmed
- Tata Capital Financial Services Limited — ₹5.00 crore — Open — created 24 Feb 2023
- HDFC Bank Limited — ₹2 crore — Satisfied — created 26 Jun 2018
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:
- 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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