LegalKart's chal(lan)ging Success: A Turnaround in Vehicle Compliance Market
LegalKart's platform, challanwala.com, is driving profitability by tapping into the massive Indian vehicle compliance market. The company projects a Rs 200 crore turnover for the next fiscal year, leveraging its V-CaaS solutions that serve major transport and logistics firms efficiently.
- Country:
- India
LegalKart, a legal consultation platform, has reached a profitable milestone and aims for a Rs 200 crore turnover from its vehicle compliance vertical within the next financial year, according to company officials.
The profitability surge is attributed to LegalKart's vehicle compliance-as-a-service platform, challanwala.com, which is rapidly capturing the largely untapped Rs 20,000 crore vehicle compliance market in India, revealed LegalKart's founder and CEO, Arvind Singhatiya.
With projections set for fiscal year 2026-27, challanwala.com is on track to net over Rs 200 crore, mainly driven by institutional clients, Singhatiya shared. The platform, launched in the past year, has garnered significant adoption, with 20,000 vehicles subscribed and more than 100,000 challans processed monthly. Singhatiya emphasized that major transport and logistics companies are benefiting by saving both time and costs through immediate penalty payments and challan processing. The V-CaaS platform has experienced a 36% quarter-on-quarter transaction increase and a 43% jump in turnover. Singhatiya foresees challanwala.com leading the vehicle compliance market for all 390 million registered vehicles in India, targeting Rs 850 crore in annual revenue by 2030.
(With inputs from agencies.)
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