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Amit Shah launches Bharat Taxi, letting cab and auto drivers become co-owners with Rs 500 investment, promising profit sharing and minimum base rate.
Bharat Taxi drivers will be able to purchase shares worth Rs 500 to become co-owners.
Union Cooperation Minister Amit Shah on Monday outlined how cab and auto drivers can become co-owners of Bharat Taxi with a Rs 500 investment and earn a share of the platform’s future profits.
Bharat Taxi, like Amul’s co-operative model, is a direct competitor of private ride-hailing platform such as Uber, Ola, and Rapido.
Rs 500 Investment To Become Co-Owner
According to Shah, drivers can invest Rs 500 to join Bharat Taxi and gain ownership status in the cooperative structure. He explained that profits generated by the platform would be distributed among driver partners after an initial three-year period.
“If the company makes Rs 25 crore in profits after three years, 20% — that is Rs 5 crore — will be retained as capital in Bharat Taxi’s account, and 80%, or Rs 20 crore, will be distributed among driver partners based on performance,” Shah said during the interaction.
The distribution, he noted, would be linked to the number of kilometres driven by each taxi on the platform. While drivers will initially receive a fixed rental income, ownership status is expected to generate an additional profit share once the cooperative becomes profitable.
Shah urged drivers to remain patient during the first three years as the platform builds scale and financial stability.
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February 26, 2026, 15:12 IST
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