{"id":38824,"date":"2023-12-20T06:41:19","date_gmt":"2023-12-20T06:41:19","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2023\/12\/20\/wti-cabs-to-expand-operations-abroad\/"},"modified":"2023-12-20T06:41:19","modified_gmt":"2023-12-20T06:41:19","slug":"wti-cabs-to-expand-operations-abroad","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2023\/12\/20\/wti-cabs-to-expand-operations-abroad\/","title":{"rendered":"WTi Cabs to Expand Operations Abroad"},"content":{"rendered":"<div>\n<p>Ashok Vashisht \u2013 Founder &amp; Group CEO \u2013 Wise Travel India Limited<\/p>\n<p><strong>Mumbai (Maharashtra) [India], December 20<\/strong>: WTi\u00a0Cabs, a leading provider of premium cab services, is experiencing substantial growth while providing self-employment opportunities for drivers. The company, established in\u00a02009, currently offers comprehensive transportation solutions to the corporate sector in over\u00a0250\u00a0cities across India.\u00a0WTi\u00a0Cabs is now planning to expand its operations internationally, starting with the launch of services in major international cities, beginning with Dubai. Ashok Vashisht, the\u00a0founder\u00a0and CEO of\u00a0WTi\u00a0Cabs, revealed that the company has obtained a car rental license in Dubai and will soon commence business operations in the city. Following this, there are plans to initiate business in other global cities in the coming years.<\/p>\n<p>Service Contracts with Over\u00a0500\u00a0Companies<\/p>\n<p>Ashok Vashisht discussed\u00a0WTi\u00a0Cabs\u2019 business model, stating that the company provides complete transportation solutions to the corporate sector, including software, manpower, and fleet services tailored to their needs. The company boasts a fleet of over\u00a08,000\u00a0vehicles, including various models such as Innova\u00a0Crysta, Mercedes Benz, MG Hector, Tempo Traveler, and more.\u00a0WTi\u00a0Cabs engages in long-term contracts (service contracts) with corporate clients, and currently, it has service contracts with over\u00a0500\u00a0companies, including several prominent multinational corporations from various countries. Approximately\u00a085%\u00a0of the company\u2019s business comes from the business-to-business (B2B) segment, with the remaining\u00a015%\u00a0coming from individual customers. The company operates counters at\u00a017airports across the country, with offices in major cities, including Mumbai and Delhi. The company\u2019s workforce has grown to over\u00a0750\u00a0employees, up from\u00a0500\u00a0in\u00a02020.<\/p>\n<p>Focus on Empowering Drivers<\/p>\n<p>CEO Ashok Vashisht highlighted the company\u2019s priority of providing self-employment opportunities to drivers, enabling them to become self-reliant. Recognizing the hard work involved in driving,\u00a0WTi\u00a0Cabs assists drivers in obtaining loans to purchase their own vehicles. The company takes pride in having more than\u00a012,000\u00a0skilled drivers in its network.<\/p>\n<p>Rapid Growth Rate<\/p>\n<p>WTi Cabs is currently achieving a rapid growth rate. In the pre-COVID fiscal year 2019-20, the company\u2019s revenue reached 204 crore rupees. Although the COVID-19 pandemic impacted revenue, it rebounded in the fiscal year 2022-23, reaching 250 crore rupees, resulting in a net profit of 10.29 crore rupees. The company anticipates total revenue of 400 crore rupees in the current fiscal year. In the first half (April-September 2023), WTi Cabs reported an income of 190 crore rupees, with a net profit of 11.33 crore rupees.<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ashok Vashisht \u2013 Founder &amp; Group CEO \u2013 Wise Travel India Limited Mumbai (Maharashtra) [India], December 20: WTi\u00a0Cabs, a leading provider of premium cab services, is experiencing substantial growth while providing self-employment opportunities for drivers. The company, established in\u00a02009, currently offers comprehensive transportation solutions to the corporate sector in over\u00a0250\u00a0cities across India.\u00a0WTi\u00a0Cabs is now planning [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1343],"class_list":["post-38824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/38824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=38824"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/38824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media\/38825"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=38824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=38824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=38824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}