Shree OSFM E-Mobility Limited

About  Shree OSFM E-Mobility Limited

Incorporated in 2006, Shree OSFM E-Mobility Limited Company is engaged in providing employee transportation services to large MNCs with a presence across major cities in India. They have over 16+ years of experience in catering to the employee transportation needs of companies in IT/ITES, Aviation and other sectors. They operate a largely “asset light” engagement model. Typical operating parameters are on monthly lease, per kilometre, per passenger trip and package model. Presently, they operate with a 1475+ fleet with a variety of vehicles such as Small cars, Sedans, SUVs, Luxury Cars and Buses of which 217 vehicles are owned by us and rest is leased by us from various vendors. The Company currently has operations in 42 sites spread across Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. Their clients include major BPM players such as JP Morgan, Morgan Stanley,Capgemini, Accenture etc.

Their  products / services include Following are the products offering by the Company to their  customers but revenue from all these services are accounted as Vehicle Hire Charges in their accounts and accordingly there is single segment for revenue disclosures:

Travel Desk Management

 Roster Management Services

 Logistics for Corporate Events (MICE)

 Fleet Management

The Company  has more than two-decade long experience and client relationships help to get repeat business from their customers. Further they have been mutually value creating, stable and long-term association with their customers through products offered by them. This has helped to maintain a long-term relationship with their customers and improve their customer retention strategy.

Shree OSFM E-Mobility Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives.

Funding additional Working capital requirements;

Purchase of Passenger Vehicles;

General Corporate Purposes