MoveInSync closes FY17 at Rs 30 crore

MoveInSync Technology Solutions has doubled its revenue to Rs 30 crore for the fiscal year ending March 2017 from previous year’s revenue of Rs 15 crore. The company has been making profits since 2015-16.

Incubated at the Indian School of Business, Hyderabad in 2009, MoveInSync, shifted its operations to Bengaluru in 2012, and is currently transporting more than five million shared rides every month in over 18 cities in the country.

It helps companies manage their employee transportation in a cheaper and more efficient manner with the use of state-of-the-art technology.

Speaking to DH, Deepesh Agarwal, Co-Founder and CEO, MoveInSync said, “At present, we have 50 customers who are among Fortune 500 companies. We are looking at bringing on board Indian manufacturing companies, PSUs and banks, among others.”

“The Real time Vehicle Tracking, based on a combination of GPRS and SMS messaging, allows to track vehicles even while they are out of coverage area,” Agarwal added

MoveInSync, a venture funded company backed by Inventus Capital Partners among others, is open for raising funds to expand its operations to countires like Sri Lanka, South East Asian region, and other developing countries in near future.

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