The Covid-19 pandemic; Fleets to the rescue:
- When the pandemic hit, Everest Fleet started receiving requests for transport services for emergency purposes, such as banking and hospital operations.
- The Company quickly started the emergency transport service for essential workers and also promoted it through the WhatsApp broadcasts to family and friends so that they could assist as many people as possible. Everest Fleet received 1,200 requests within a month. People who had friends or relatives in hospitals also reached out for help.
- In the first Covid wave, there were several restrictions but during the devastating second wave, implementing their services was easier as the government recognized the importance of essential transport services.
- The deadly second wave also affected Everest Fleet’s employees but they took all the precautionary measures and continued their support while ensuring a great track record.
Conclusion:
Considering the present supply and demand dynamics in the cab-hailing segment, there resides a huge market opportunity when it comes to fleet management operators addressing the supply side challenges of cars and driver management in this industry. Everest Fleet Pvt. Ltd. as one of the largest fleet management service providers is playing a key role in addressing these crucial pain points and setting the benchmark for quality, innovation, support, and sustainability in the fleet management industry.
The above report has been prepared by Rockstud Capital LLP (“Investment Manager”) for informational purposes only and is subject to change without notice. The delivery of the report does not imply that the information contained herein is correct as of any time subsequent to the date specified in the contents of the Information. The financials in the above report are intentionally not mentioned due to confidentiality reasons.
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