In the year 2016, Tikam commenced Fleeca, and his ex-coworker and buddy Lokesh Sharma joined him as a co-founder during 2018 to look after the biz growth.
Fleeca entails ‘FleetCare’ and it is a tyre management services firm for heavy commercial vehicle fleet possessors.
“I was thinking about the safety of the vehicles on Indian roads. The entire load of the vehicle and its movement is dependent on the tyres. I want to improve the condition of the tyres which are plying our goods, and its impact on our environment,” he added.
The company presently functions with more than 15 B2B customers, and its services comprise scrutiny, renovating and other connected offerings. It has more than 300 tyres under supervision at the present time.
It makes use of the RFID (radio frequency identification) tyre labels to chase the mileage of a tyre in its complete lifecycle.
“One can track the air pressure, non-skid depth, wear and tear, mechanical defects, and other analysis using these tags. Later, we help our customers in preventive action, repairs, retreading, and maintenance of tyres, thereby extending the life of such tyres,” clarified Tikam.
It added that the Tyre Management System aids fleet holders by cutting down costs and offers enhanced mileage.
“Less wear and tear allows tyres to last up to 15 per cent longer than before. This means more miles driven on each tyre, and less time spent replacing tyres, which in turn helps in saving on the operational cost of tyres,” says Tikam.
It also has an easy to use an application program to accommodate the requirements of the clients. Fleeca provides recycling of tyres and turning them perfect to reuse on the roads once again.
The firm’s present team size remains at 18, and it has about 8 remoulding facilities in different cities of India.
Since its commencement, it has witnessed a constant expansion in earnings. In fiscal 2017-18, it has posted a revenue of more than Rs 42 lakh.
Tika said, “In the first quarter of 2018-19, our revenues have already crossed the Rs 25 lakh mark.”
Fleeca boasts of diverse models to charge clients for the services it provides.
“For inspection, we charge basis the number of tyres. For other services, the fleet owners share their tyre details with us and we take on a maintenance contract. We charge customers on a per-kilometre basis for the mileage covered,” he added.