Car rental market in India is projected to grow at a CAGR of more than 9 per cent to reach a worth of US$2.030 billion by 2026. The number of users for car rentals was approximately 12 million in 2018 and it is expected to grow to over 16 million by 2023. However, a large population is still oblivious to the concept of renting cars and that’s where these companies can jump in to create awareness among the people to expand their user base. If all the numbers and projections are to be reckoned with then the car rental space is surely the place to be for the investors and new businesses.

YA Cab Services Pvt. Ltd. is an online as well as offline cab booking aggregator, providing customers with reliable and premium intercity, local car rental services, tour packages and tour guidance. It is Varanasi based company and provides its services in entire UP, Uttarakhand, Bihar and Madhya Pradesh. YA Cab started its journey in June, 2021 after the second wave of COVID-19 and within seven months, it has empanelled 150 Cars in Varanasi and got approximately 1100 bookings in this short period of time. “During this period, consolidated net revenue of company has been 9,30,000 INR. Right now, we are focusing on the areas of Gazipur,

Chandauli, Bhadohi and some other rural locations near surrounding Varanasi & Eastern UP,” says Alok Kumar Singh, Founder & CEO, YA Cab.

Leadership Excellence
Alok Kumar Singh: Alok is the Founder & CEO of the Varanasi's leading online rental company. He has steered Shanu Micro Credit Association, which is section 8 micro finance institution work for women on JLG Model, as an Executive Director since its inception, to a successful expansion in three states (UP, UK & Bihar). Alok is the also director of SRV Manpower Soultionz Private Limited. He is also Promoter of Adyash Detergent Powder. Mr. Singh is a Maths graduate and holds management degree in rural development. He has more than 13 years of experience in finance sector at management cadre.

Rambabu Singh: Rambabu is the founder member of YA cab services private limited & also non executive director of Shanu Micro Credit Association. Currently, he is working in Birla Educational Trust, Pilani (Rajasthan). Mr Singh has done M.Sc. in Mathematics from Kanpur University & having more than 20 year working experience in teaching field.

Right now, we are focusing on the areas of Gazipur, Chandauli, Bhadohi and some other rural locations near surrounding Varanasi & Eastern UP

Range of Services and Future Endeavours
The company currently provides four types of cars. First are compact cars that include models like Indica and Indigo, then Sedan cars that include models like Etios, D’zire, third are the SUVs that include models like Xylo, Tavera and Innova and fourth one is Lux that has BMW/AUDI/ MERCEDES. Additional services like tempo traveller or buses can be arranged upon request by the company which can be done by simply calling the customer service helpline.

Ya Cab has recently invested in a new venture - Shuchi Business Solution private limited, which is a food delivery start-up so that more clients can be acquired. “From April 2022, YA Cab has plans to open offices in Nainital, Dehradun, Lucknow & Patna. From these offices we will provide car rentals as well as tour packages in entire UP, Uttarakhand & Bihar”, concludes Rambabu.