Challan Free Business Potential


Majority of challans on Road happened due to lack of awareness of the driver. Sometimes, they have no information regarding a particular City entrance laws, Speed laws on Different types of Roads and High Beam laws in a city or Toll Plazas. In all the above cases, a driver gets fined by the police just due to lack of awareness.

Challan Free is as app which gives you awareness in real time about over speeding, entering a particular area or forgets to drive at a particular beam with respect to various road conditions. It also guides you about the penalty charges for an offence activity as per Centre Motor Vehicle act.

Features 1)           Over Speed warning + Headlamp Beam Advisory

2)           High beam Advisory at Toll plazas along with Toll charges

3)           High beam Advisory at Blind Zones ahead

4)           High beam Advisory at narrow roads

5)           High beam Advisory at Populated area/municipal limits of city/town ahead

IP rights Patent Granted India (Patent No. 300311)
Launch Date This app will be launched in January 2020

Projection of “Challan free app” in next 10 years

 

All figures are in Crore

Year

2018

2019 2020 2021 2022 2023 2024 2025 2026

2027

Vehicle In India

20

22 24 26 28 30 32 34 36

38

Total Addressable Market Potential (Rs.)

1000

(153 million USD)

1100

(169 million USD)

1200

(184 million USD)

1300

(199 million USD)

1400

(215 million USD)

1500

(230 million USD)

1600

(245 million USD)

1700

(261 million USD)

1800

(276 million USD)

1900

(292 million USD)

Penetration .33%
Royalty Rate 5%
Market Covered by IP (Rs.)

3.3

(0.5 million USD)

3.63

(0.55 million USD)

3.96

(0.6 million USD)

4.29

(0.65 million USD)

4.62

(0.7 million USD)

4.95

(0.75 million USD)

5.26

(0.8 million USD)

5.61

(0.85 million USD)

5.94

(0.9 million USD)

6.27

(0.95 million USD)

Forecast Royalties (Rs.)

0.165

(   25 Thousand USD)

0.1815

(   28 Thousand USD)

0.198

(   30 Thousand USD)

0.2145

(   32 Thousand USD)

0.231

(   35 Thousand USD)

0.2475

(   37 Thousand USD)

0.263

(   40 Thousand USD)

0.2805

(   43 Thousand USD)

0.297

(   45 Thousand USD)

0.313

(   25 Thousand USD)

Discount Multiplier

1

.84 .65 .5 .39 .34 .26 .21 .18

.15

Present Value (Rs.)

0.165

(   25 Thousand USD)

0.155

(   23 Thousand USD)

0.128

(   19 Thousand USD)

0.107

(   16 Thousand USD)

0.09

(   13 Thousand USD)

0.084

(   12 Thousand USD)

0.068

(   10 Thousand USD)

0.058

(   9 Thousand USD)

0.053

(   8 Thousand USD)

0.046

(   23 Thousand USD)

Net present value (Rs.)

0.954 (0.15 million USD)

All figures are in Crore

 

Penetration rate

Royalty in 10 years

Business potential in 10 years

.33 %

1 Crore INR
0.15 million US $
20 Crore INR
3 million US $

1 %

3 Crore INR
0.45 million US $

60 Crore INR
9.2 million US $

2%

6 Crore INR
0.9 million US $

120 Crore INR
18.5 million US $

5% 15 Crore INR
2.3 million US $

300 Crore INR
46 million US $

(Challan Free app has 3 components:-  1- News (app penetration 87%), 2- Maps and Navigation (18%), 3- Auto and vehicle (1.5%) )
Considering 1 US $ = 65 INR