Chartered Speed is one of India’s leading passenger mobility companies with a bus fleet of over 2,000 vehicles as of June 30, 2025. The company offers inter-city and intra-city travel across six states. As of June 30, 2025, its fleet to intra-city passengers grew to over 620 buses operating across states of Gujarat and Madhya Pradesh
Business Model:
Annuity model: Long-term contract with state transport undertakings, government backed entities, and educational and corporate insitutions. Total 1,382 buses deployed under the Annuity model as of March 31, 2025.
Ticket revenue model: Revenue from ticket sales. As of March 31, 2025, its average daily trips are 258 and average daily passengers served are 8,400 across states including Gujarat, Madhya Pradesh, Rajasthan, Maharashtra and Assam.
Key Numbers:
As of June 30, 2025 its fleet has over 2,000 buses of which 46 are electric buses
Its buses fleet includes low floor, semi-deluxe buses, deluxe buses, multi-axle, super luxury buses, etc.
Its network covers 500 cities and serve about 3.5 lakh passengers per day.
650+ pick-up and drop points as of June 30, 2025.
2480 drivers
In Fiscal 2025, 71.70% of revenue was derived from contracts with government entites and 23.95% from ticket revenue model.
Strengths
A leading customer centric passenger mobility company in India
Business model with high visibility of revenue through long-term contracts
Cost Efficiency and Operational Integration
Maximizing revenue potential across multiple revenue streams
Technology focused approach
Experienced management team and workforce
