WTi Cabs to Expand Operations Abroad

Ashok Vashisht discussed WTi Cabs’ business model, stating that the company provides complete transportation solutions to the corporate sector, including software, manpower, and fleet services tailored to their needs. The company boasts a fleet of over 8,000 vehicles, including various models such as Innova Crysta, Mercedes Benz, MG Hector, Tempo Traveler, and more. WTi Cabs engages in long-term contracts (service contracts) with corporate clients, and currently, it has service contracts with over 500 companies, including several prominent multinational corporations from various countries. Approximately 85% of the company’s business comes from the business-to-business (B2B) segment, with the remaining 15% coming from individual customers. The company operates counters at 17airports across the country, with offices in major cities, including Mumbai and Delhi. The company’s workforce has grown to over 750 employees, up from 500 in 2020.

Focus on Empowering Drivers

CEO Ashok Vashisht highlighted the company’s priority of providing self-employment opportunities to drivers, enabling them to become self-reliant. Recognizing the hard work involved in driving, WTi Cabs assists drivers in obtaining loans to purchase their own vehicles. The company takes pride in having more than 12,000 skilled drivers in its network.

Rapid Growth Rate

WTi Cabs is currently achieving a rapid growth rate. In the pre-COVID fiscal year 2019-20, the company’s revenue reached 204 crore rupees. Although the COVID-19 pandemic impacted revenue, it rebounded in the fiscal year 2022-23, reaching 250 crore rupees, resulting in a net profit of 10.29 crore rupees. The company anticipates total revenue of 400 crore rupees in the current fiscal year. In the first half (April-September 2023), WTi Cabs reported an income of 190 crore rupees, with a net profit of 11.33 crore rupees.

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