Archive · 30 Dec 2025
Investigation into BluSmart and Gensol's Financial Ties
A journalist named Sood looked into two companies, BluSmart and Gensol Engineering Ltd.
BluSmart was a private company that offered electric cabs, especially for airport trips.
It was known for its clean, silent cabs and well-behaved drivers.
The drivers followed a strict policy of not driving faster than 60km/h.
However, the business suddenly faced problems.
The investigation found that Gensol's financial records were used to build BluSmart's business, raising questions about how the companies were managed.
BluSmart was a private ride-hailing service known for its electric, well-behaved cabs.
The company had a strict policy of not exceeding 60km/h, even on fast expressways.
An investigation by Sood revealed financial ties between BluSmart and Gensol Engineering Ltd.
Gensol's balance sheet was used to build BluSmart's business, raising governance concerns.
The investigation highlighted a complex financial and governance puzzle between the two companies.
- Who
- Investigation by Sood, involving BluSmart and Gensol Engineering Ltd.
- What
- Investigation into financial ties and governance issues between BluSmart and Gensol
- When
- 2025
- Where
- India
- Why
- To uncover the financial and governance puzzle between the two companies
- Companies Involved
- BluSmart (private), Gensol Engineering Ltd. (public)
- BluSmart's Niche
- Electric cabs for airport trips
- BluSmart's Policy
- Drivers not to exceed 60km/h
- Investigation Focus
- Financial statements and executive interviews
- Outcome
- Gensol's balance sheet used to build BluSmart's business