COMPANY INTELLIGENCE PROFILE
VIDYUTTECH SERVICES PRIVATE LIMITED
Trading as "Vidyut" / "VidyutTech," the company builds financing, service and resale infrastructure for electric-vehicle ownership in India, targeting small commercial EV operators (e-rickshaws, three-wheelers, cargo EVs).
Business Overview
Trading as "Vidyut" / "VidyutTech," the company builds financing, service and resale infrastructure for electric-vehicle ownership in India, targeting small commercial EV operators (e-rickshaws, three-wheelers, cargo EVs). Core offerings: Vidyut BaaS (Battery-as-a-Service — pay-per-use financing that separates chassis loan from battery cost), integrated lifecycle service/maintenance, and Vidyut NextRide (assured resale/buyback). Partners with OEMs (Tata Motors, Mahindra, Bajaj Auto, Piaggio, Euler, MG, Montra Electric) and lenders (incl. Shivalik Small Finance Bank, Ecofy). DPIIT-recognised startup; founded 2021 by Gaurav Srivastava and Xitij Avinash Kothi. Reported ~183 employees (LinkedIn) vs ~44 per EPFO data cited by TheCompanyCheck (as of Apr 2024) — headcount figures conflict across sources, treat as partial. Sources: vidyuttech.in, vidyuttech.com, LinkedIn, Inc42, EVreporter.
Sector & Classification
Registry activity code listed as U50400 (sale, maintenance & repair of motorcycles/parts — per Tofler/Falconebiz filing code). TheCompanyCheck separately tags it Sector: E-Commerce, Activity: "Online automotive platforms," NIC Code J/J6 (Information & Communication — computer programming/consultancy). Actual operating business (per company website and funding press) is EV financing/BaaS — a fintech-for-EV platform, not a motorcycle dealer; the U50400 code is likely a generic MCA filing classification, not descriptive of real operations.
Directors & Key Management
Directors — source notes
1. Gaurav Srivastava — DIN 09391250 — Director since incorporation, 09 Nov 2021 (co-founder). 2. Xitij Avinash Kothi — DIN 06639253 — Director since incorporation, 09 Nov 2021 (co-founder). Both DINs and appointment dates confirmed across Tofler, Falconebiz and TheCompanyCheck. No other directors/resignations reported by any source (may be incomplete — MCA-blocked, so full DIR-12 history not verified).
GST Registrations
Not obtained. No reliable source (knowyourgst.com, findgst.in, mastersindia.co) returned a confirmed GSTIN for this exact entity despite multiple targeted searches; only PAN AAICV3837D (single-source, Tofler) is available, which would anchor a Karnataka (state code 29) GSTIN, but the registration number itself could not be verified — do not infer/construct it. Home state (Karnataka) and PAN partial only.
Financials
FY2025 (per TheCompanyCheck, single source — treat as partial, standalone entity-level, likely unaudited/estimated): Revenue ₹10.19 Cr, up 315% YoY. EBITDA, PAT, and net worth not disclosed (locked/premium). No independent second source corroborates these figures — not obtained/confirmed elsewhere (no annual report or Screener/Moneycontrol listing found, as expected for an unlisted startup).
Funding History
Total funding reported ~$14–20M across multiple rounds (source figures diverge). Key rounds: Seed — 13 Jan 2022 (amount undisclosed; Tracxn). Series A — ~29 Jan 2024, $9.67M equity (lead: 3one4 Capital; also Zephyr Peacock and others) plus $2.70M conventional debt same date (Tracxn); press (Inc42/India Entrepreneur, dated variably Feb 2024 per EVreporter fetch, sourced as "USD 10M Series A") names investors: 3one4 Capital (lead), Saison Capital, Zephyr Peacock, Force Ventures, Alteria Capital (venture debt), and Udaan CEO Sujeet Kumar (angel). A further Series A tranche is listed by Tracxn as 07 Jan 2025 (amount undisclosed). Total funding to date cited as "$14 million" in the Feb-2024 press piece vs "$20M across 6 rounds" per Tracxn — dates/amounts conflict between sources; treat as partial, use for directional sizing only. Other historical investors named by Tracxn: AngelList, Trifecta Capital, Lighthouse Canton, Flourish Ventures.
Loans & Charges
Per TheCompanyCheck (single source, partial): Open charges totalling ₹10.5 Cr — including a ₹10 Cr charge registered 20 Jun 2025 and a ₹50 lakh charge registered 30 Mar 2024. Satisfied charges: ₹0. Charge-holder identities not disclosed in the fetched source.
Credit Ratings
Not obtained. No CRISIL/ICRA/CARE rating found for this entity (unlisted, early-stage startup — expected to be unrated).
Legal & Compliance
Not obtained. Indian Kanoon search returned no case results for VidyutTech/Vidyuttech Services Private Limited.
Competitive Landscape
EV financing/ownership-infrastructure peers (mixed scale): Ecofy (larger, $65.5M raised, Series B) — EV/solar/SME financing NBFC; Ascend Capital (~$6M raised, Series A) — EV financing platform; ChargeUp (~$12M raised, Seed) — battery swapping/charging; Three Wheels United — EV three-wheeler financing, similar/larger scale; Alt Mobility — EV asset-financing and leasing, comparable stage; RevFin — EV retail financing NBFC, larger scale. (Source: Tracxn competitor mapping.)
Frequently Asked Questions
What does VIDYUTTECH SERVICES PRIVATE LIMITED do?
Trading as "Vidyut" / "VidyutTech," the company builds financing, service and resale infrastructure for electric-vehicle ownership in India, targeting small commercial EV operators (e-rickshaws, three-wheelers, cargo EVs).
What is the CIN of VIDYUTTECH SERVICES PRIVATE LIMITED?
VIDYUTTECH SERVICES PRIVATE LIMITED's Corporate Identification Number (CIN) is U50400KA2021PTC154044.
When was VIDYUTTECH SERVICES PRIVATE LIMITED incorporated?
VIDYUTTECH SERVICES PRIVATE LIMITED was incorporated on 09 November 2021 (Tofler, Falconebiz, TheCompanyCheck all agree) and is registered with RoC-Bangalore, Karnataka (Tofler, Falconebiz).
Who are the directors of VIDYUTTECH SERVICES PRIVATE LIMITED?
Directors on record include Gaurav Srivastava (DIN 09391250); Xitij Avinash Kothi (DIN 06639253).
Where is VIDYUTTECH SERVICES PRIVATE LIMITED registered?
The registered office of VIDYUTTECH SERVICES PRIVATE LIMITED is at 36/5, Hustlehub Tech Park, Somasandrapalya, Haralukunte Village, Adjacent 27th Main Road, Sector 2, HSR Layout, Bangalore South, Karnataka 560102 (confirmed on Tofler, Falconebiz, TheCompanyCheck).
Information compiled from public registry and secondary sources (as of 2026-07-29). It may be incomplete or dated; verify independently before relying on it. Known gaps: GSTIN(s), shareholding/cap-table, EBITDA/PAT/net worth/borrowings, exact funding total and round dates (conflicting across Tracxn vs press), credit ratings, legal cases, and related-party/group structure (beyond the questionable "Languify" tag) could not be confirmed from allowed sources. MCA is blocked per instructions, limiting DIN history and charge-holder verification. Headcount figures conflict (183 on LinkedIn vs 44 EPFO-cited). Sector/NIC classification conflicts between the MCA filing code (motorcycle sale/repair, U50400) and actual fintech-for-EV operations.