What Formula Group does

Formula Group (legally Formula Corporate Solutions India Pvt. Ltd.) is a privately held, India-headquartered corporate mobility services provider established in 2004, operating across nine offices and 25+ cities. The company delivers end-to-end relocation, immigration, corporate housing, fleet management, moving, travel, and ancillary business services (recruitment, interior design, sanitization) primarily to Fortune 500 multinationals and large Indian corporations managing inbound and outbound employee mobility. Its customer base includes named enterprise clients such as Microsoft, Intel, IBM, Mercedes-Benz, and GE, with cumulative experience across 20,000+ clients and a self-reported 99% customer satisfaction rate.

The firm operates a multi-brand structure with wholly-owned subsidiaries including Formula Corporate Housing, Move With Formula, Formula Serviced Apartment, Formula Car Rental, The Travel Formula, Suraksha, and a Japan market entity (formulaindia.co.jp). The proprietary Mobirelo platform provides clients with virtual tours, digital city guides, interactive dashboards, document management, digital itineraries, tenancy management, and GPS fleet tracking accessible via web and mobile, functioning as the operational backbone across service lines. The company holds multiple international credentials, including FIDI, EURA, Worldwide ERC, IAM, IATA, ISO 27001, and ISO 14001 certifications.

The revenue model combines professional services fees, managed services contracts, and subscription/recurring fleet revenue from a 500+ GPS-equipped vehicle fleet. Pricing is customized and quote-based under multi-year enterprise contracts; no public pricing tiers are disclosed. Go-to-market is enterprise field sales via dedicated account managers and on-the-ground consultants, supplemented by SEO/content marketing and client testimonial-driven demand generation. The company is family-owned with Raman Narula as Managing Director and Shiivani Aggarwal as CEO since founding, with no disclosed institutional investors or private equity backing.

Name

Formula Group

Legal name

Formula Corporate Solutions India Pvt. Ltd.

Website

https://formulaindia.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Formula Group is a privately held Indian corporate mobility services provider offering relocation, immigration, housing, fleet, and travel services to Fortune 500 multinationals and large corporations across 25+ cities via nine offices and the proprietary Mobirelo platform.

Ownership category

akta.pro rank

Product category

Corporate Relocation and Global Mobility Services

NAICS

Used Household and Office Goods Moving (484210), Support Activities for Transportation (488), Taxi and Limousine Service (4853)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Relocation Policy & Program Design (HSAKAJAA)

akta.pro secondary industries

Household Goods Move Management (Vendor Coordination) (HSAKAJAE), Ride-Hailing / On-Demand Mobility for Business (Managed Ground Transport) (TLABALAF), Corporate Traveler Compliance & Mobility Management (Work Permits, Assignments) (THALAPAJ), Corporate MaaS & Commuter Benefits Platforms (THADALAG), Real Estate Relocation & Corporate Mobility Services (FSAEAJAM)

Keywords

• Corporate relocation services
• Global mobility solutions
• Immigration services India
• Corporate housing services
• Corporate fleet management

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Corporate Relocation Services: Comprehensive relocation management services for Fortune 500 companies covering both inbound and outbound mobility needs including domestic and international moves.
2. Employee Mobility Services: Services including immigration, serviced apartments, corporate housing, fleet services, and moving services for relocating employees.
3. Business Mobility Services: Business mobility including travel management, office space acquisition, recruitment services, interior design, and sanitization services.
4. Fleet Management: Long-term and short-term vehicle rentals with GPS-equipped fleet of over 500 vehicles for corporate transportation.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Formula Group provides comprehensive corporate relocation and mobility management services to Fortune 500 companies and multinational corporations in India, covering inbound and outbound employee moves. Service scope includes immigration processing, corporate housing, serviced apartments, household goods moving, fleet and car rental, travel management, business space acquisition, and sanitization services. Delivery is enabled by Mobirelo, the company's proprietary technology platform that supports consultants, HR teams, and relocating employees through virtual tours, digital city guides, interactive dashboards, document management, and real-time tracking.

Product overview

Formula Group operates as a comprehensive corporate mobility services provider in India offering both a proprietary technology platform (Mobirelo) and integrated service modules. The portfolio includes two primary service verticals: Employee Mobility Services (covering relocation, immigration, serviced apartments, moving services, corporate housing, and fleet management) and Business Mobility Services (covering travel, business space, recruitment, interior designing, and sanitization). Multiple sub-brands support specific service lines including Formula Corporate Housing, Move With Formula, Formula Serviced Apartment, Formula Car Rental, The Travel Formula, and Suraksha. The Mobirelo platform serves as the technology backbone enabling these services through features like document management, real-time tracking, and digital itineraries.

Differentiator

Problem solved

Functional benefit

Brands

• Formula Corporate Housing: Corporate housing services providing fully furnished accommodations for relocating employees with amenities, housekeeping, and maintenance support.
• Move With Formula
• Formula Serviced Apartment
• Formula Car Rental
• The Travel Formula
• Suraksha
• Mobirelo

Products and services

• Employee Mobility Services Comprehensive employee mobility solution for corporations covering relocation, immigration, serviced apartments, moving services, corporate housing, and fleet services to support seamless workplace transitions. Designed for Fortune 500 companies and multinational corporations with relocating employees and their families.
• Business Mobility Services Business mobility solution covering travel management, business space/office rental, recruitment services, interior designing, and sanitization services to support corporate expansion and operations in India.
• Mobirelo Platform Proprietary human-centric technology platform for relocation and global mobility management accessible via web and mobile. Provides secured platform access, virtual tours, digital city guides, interactive dashboards, document management, digital itineraries, tenancy management, real-time service tracking, and instant consultant access for HR and mobility teams and relocating employees.
• Formula Corporate Housing Corporate housing service providing fully furnished accommodations with amenities, housekeeping, maintenance, and flexible stay options for relocating employees and their families across India.
• Move With Formula Moving and relocation services covering domestic and international household goods moves, pet relocation, business moves, packing, freight forwarding, storage, customs clearance, and motor vehicle relocation.
• Formula Serviced Apartment Professionally managed serviced apartment solutions across major Indian cities offering hospitality-style accommodations for corporate employees and expatriates.
• Formula Car Rental Fleet and car rental services with GPS-equipped vehicles, professional chauffeurs, and corporate billing for employee transportation and corporate mobility needs.
• The Travel Formula IATA-approved travel division offering ticketing, hotel bookings, and travel arrangements for business and leisure purposes.
• Suraksha Sanitization and disinfection services for homes, offices, warehouses, and fleet vehicles, providing safe and healthy environments for corporate and residential clients.

Quantifiable outcome

• 20,000+ happy clients served
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Seven partnerships are on record, tiered minor.

• Shikhar NGOminorOthersCSR partnership providing vocational training program for young girls from economically weaker sections, benefiting over 600 women who became self-dependent.
• Sapna IndiaminorOthersCSR partnership for healthcare services, having treated over 55,000 disadvantaged people, provided palliative care, and facilitated surgeries including 43 heart surgeries for children.
• Earth Saviours FoundationminorOthersCSR partnership providing shelter for abandoned senior citizens and mentally disabled people, currently caring for over 500 less privileged individuals.
• AashrayminorOthersCSR partnership focusing on child care, development, quality education, youth development, and health programs in rural villages of Mahbubnagar District.
• CansupportminorOthersCSR partnership providing free home-based palliative care for cancer patients, with 23 home care teams looking after more than 1,300 patients in Delhi and NCR.
• New Hope And New LifeminorOthersCSR partnership running orphan/destitute homes, free evening tuition centres for gypsy children, and supporting widows, elderly, and people affected by leprosy and HIV.
• ADP NGO (Association for Disabled People)minorOthersCSR partnership promoting inclusivity of people with disabilities in academics, sports, vocational training, and allied areas.

Scale indicators5 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• BGRS (Brookfield Global Relocation Services): Global relocation management company serving multinational employers with mobility, immigration, and talent mobility consulting. Comparable to Formula Group's enterprise mobility offering but with broader global delivery capability.
• SIRVA Worldwide Relocation & Moving: Global relocation and moving services company serving corporate and government clients. Directly comparable in scope of relocation, moving, and immigration services.
• Asian Tigers Mobility: Asia-focused corporate mobility and relocation company operating across multiple Asian markets. Comparable service portfolio (relocation, immigration, moving) with strong regional presence competing for the same MNC clients in India.
• Graebel Companies: Global relocation and move management provider serving Fortune 500 and multinational clients. Comparable service scope including household goods moves, immigration, and mobility consulting.
• Santa Fe Relocation: Global relocation services provider with strong Asia-Pacific presence including India. Overlaps directly with Formula Group's relocation, immigration, and destination services for corporate clients.
• Cartus: One of the largest global corporate relocation and mobility management companies. Directly competes with Formula Group on Fortune 500 relocation management, immigration, and destination services, but at a multi-country scale.
• Crown Relocations: International moving and relocation company with established India operations. Directly competes with Formula Group's Move With Formula and destination services offerings.

Regional players

• Aspire Relocation: India-based relocation services firm serving corporate clients with relocation and immigration services. Comparable in geographic focus to Formula Group's India-centric delivery model.
• Mobility Solutions (India): India-based corporate relocation services provider serving multinational clients. Most direct India-headquartered competitor to Formula Group for domestic relocation and mobility services.

Broad incumbents

• Transguard Group: UAE-based conglomerate offering workforce solutions, facility management, and security with India operations. Overlaps adjacently on corporate housing, workforce mobility, and relocation-adjacent services in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/formulaindia
• Facebookfacebook.com/formulaindia
• LinkedInlinkedin.com/company/formula-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Formula Group