### **Overview** Wise Travel India Limited, operating as **WTicabs**, is a leading Indian corporate mobility and transportation solutions provider founded in **2009**. Headquartered in India, the company has grown from a bootstrapped startup into a publicly listed entity (NSE: WTICABS) with a pan-India presence and a pioneering international footprint. WTicabs specializes in transforming urban and corporate mobility through technology-integrated, sustainable, and scalable transport services. --- ### **Business Model & Core Services** WTicabs operates on a **B2B, client-centric model**, offering end-to-end mobility solutions across the corporate value chain. Its primary service lines include: - **Employee Transportation Services (ETS)** – Daily commute solutions for corporate clients with high SLA compliance. - **Managed Service Provider (MSP)** – Flagship model managing full transport operations, similar to facility management platforms. - **Car Rental Services** – Chauffeur-driven and self-drive options for executives, guests, and events. - **Long-Term Rentals** – Customized fleet leasing for corporations like L&T and Adani. - **Fleet Management** – Leasing, procurement, maintenance, and administrative support to reduce client burden. - **Airport Transfers & MICE Mobility** – Premium ground transportation for business travelers and large-scale corporate events (Meetings, Incentives, Conferences, Exhibitions). - **Mobility as a Service (MaaS) & Software as a Service (SaaS)** – Tech-driven platforms enabling real-time tracking, automation, and reporting. The company serves over **14,000 clients**, including global giants such as **Amazon, Microsoft, Nokia, Coca-Cola, IndiGo, and American Express**. --- ### **Operational Scale & Geographic Expansion** #### **Domestic Presence** - Operates in **over 250 Indian cities**, with strong presence in Tier 1 (Bangalore, Pune, Chennai, Delhi-NCR) and growing traction in Tier 2 and Tier 3 cities. - Manages a fleet of **~8,000 vehicles**, with plans to expand where fixed revenue streams are assured. - Maintains **14–16 airport counters** (post-security) across major domestic and international airports, including Bengaluru, Delhi, and Jaipur. - Supports operations with a centralized call center and tech-enabled logistics platform. #### **Global Expansion (First-Mover Among Indian Mobility Firms)** - **Dubai (UAE):** Launched in **2023** via subsidiary **WTI Rent A Car LLC**, now operating ~400 vehicles with >95% utilization. Plans to add >700 vehicles in 2025. - **United Kingdom:** Incorporated **WTI Mobility UK Limited** in London (September 30, 2024) to offer self-drive and car rental services. - **Indonesia & Other Markets:** Subsidiaries established to support regional operations. - **Global Regions Covered:** North America, Europe, Asia-Pacific, South America, Middle East & Africa. - Phase 1 of global operations live via **wticabs.com**, allowing international bookings from India; further expansion across multiple countries planned by early 2026. --- ### **Strategic Positioning & Market Opportunity** - **Market Size & Growth:** - Indian corporate car rental market: **INR 375 billion** (projected to reach **INR 700 billion by 2030**, CAGR ~11%). - Employee transportation market: **INR 3,000 billion** (expected to grow to **INR 3,600 billion by 2030**, CAGR ~5.34%). - Organized segment expected to grow at **27% CAGR** over next 3–5 years — positioning WTicabs favorably due to structured operations and compliance. - **Growth Drivers:** - Expansion in underserved Tier 2/3 cities. - Rising demand from BPOs, KPOs, and manufacturing units requiring night-shift transport. - Hybrid work models requiring flexible commute programs. - Increasing regulatory focus on safe, documented corporate transport. - **Competitive Edges:** - First Indian mobility company to expand globally. - High client retention rate (**70–80% annually**) due to long-term contracts and deep integration. - Predictable, **SLA-based pricing** vs. surge pricing of aggregators. - Full-service operations with **built-in business continuity plans**. - **Low customer acquisition cost (CAC)** via referrals and word-of-mouth within trusted networks. --- ### **Technology & Innovation** - Offers **real-time monitoring, data intelligence, remediation systems, and payment security**. - Developing **Mobility SaaS solutions** for enterprises and fleet partners. - Pioneered electric vehicle integration — **first in India** to deploy EVs in Delhi, Pune, and Bangalore (since 2018), ahead of regulations. - Plans nationwide rollout of EVs for staff and corporate rentals to promote **sustainable mobility**. --- ### **Leadership & Governance** - Promoters: **Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia** – actively involved in strategic direction. - Demonstrated credibility by managing **all ground transportation for the 2010 Commonwealth Games** in New Delhi.