Nilesh Jain, Nigraani: Fuel tracking market penetration under 1%

14 Apr 2021 CW Team

Nigraani provides IoT (Internet of Things) solutions to commercial fleet operators to help them track their diesel consumption with 99% accuracy and fleet operation metrics. The SaaS (Software as a Service) model helps avoid any overhead of setting up an IT team to manage hardware and software. Nigraani’s cloud-born, real-time analytics solutions help the customer get RoI in months by better management of fuel, their largest operating expense.

On segments that are driving the demand for its products, Nigraani’s Director Nilesh Jain, who has over 20 years of experience transforming businesses of large and complex organisations across the world spanning Africa to Asia, tells us that fuel tracking solution’s penetration is less than 1% of the overall commercial fleet size of India due to multiple factors━lack of product knowledge, failed experiments with low precision solutions, transport segment stuck in the age-old practice of compensating drivers on a per-trip basis to overcome fuel accountability challenges, etc. Fuel tracking solution is gaining more traction in the market with dependable high-precision solutions and the R-of-I (Return of (not ON!) Investment) in months.

Jain explains why it makes sense in cost and efficiency terms to include IoT-based solutions to a fleet and indeed, changing the way the business model operates. In this story, we also include an interesting case study on how civil construction company IRSS benefited from fuel tracking solutions.

Read interview and case study here.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..