Car services platform GoMechanic is gearing up for exponential growth, aiming to triple its net revenue to Rs 700 crore by 2027, ahead of its planned IPO. Co-Founder and CEO Himanshu Arora shared that the company currently holds a 3% market share and is set on capturing 10% within three years.
Scaling operations and expanding offerings
To meet its ambitious targets, GoMechanic plans to expand its footprint significantly. Presently operating through 800 garages across 125 cities, the company intends to scale to 2,500 garages in 500 cities by 2027. Diversification is also on the agenda, with plans to foray into two-wheeler and electric vehicle service segments.
“We aim to service every one in ten cars by 2027, capturing a 10% market share. Achieving Rs 700 crore in revenue will position GoMechanic for an IPO, which is a natural progression in our growth story,” said Arora.
Strategic rebound under new leadership
Following its acquisition by Servizzy, a subsidiary of Lifelong Group, in March 2023, GoMechanic has undergone a strategic transformation. The brand posted Rs 210 crore in revenue for FY 2023-24, with Rs 85 crore achieved in Q1 of FY 2024-25.
Customer retention has significantly improved, rising from 33% under the previous management to 53% currently. Chief Operating Officer Muskaan Kakkar targets a 65% retention rate by 2026.
Focus on financial health and innovation
GoMechanic has achieved operational profitability (EBITDA positive) and is committed to maintaining financial stability while pursuing growth. “Strategic investments in two-wheeler and EV services are critical for long-term success, even if they impact short-term PAT,” said Kakkar, who expects the company to be PAT-positive by 2027.
Growing user base and workforce
The platform currently engages 8 lakh active monthly users, a figure expected to reach 10 lakh soon. GoMechanic’s operational workforce includes 550 employees on payroll and 4,000 personnel across its franchise network.
Building for the future
As part of its expansion strategy, GoMechanic is seeking to hire a leader for its two-wheeler business. “We are looking for individuals with experience in launching and scaling businesses, ensuring they grow with us and contribute to our vision,” said Kakkar.
Driving India’s auto service growth
GoMechanic’s growth reflects India’s rising demand for organized vehicle services. By scaling operations, diversifying offerings, and maintaining financial discipline, the company is setting new benchmarks in the auto service industry while contributing to India’s economic growth.
