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The little-known BluSmart founder

Business Standard

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April 22, 2025

As the Jaggi brothers — Anmol Singh Jaggi and Puneet Singh Jaggi — find themselves at the heart of the financial mismanagement in the Gensol-BluSmart saga, attention on the third BluSmart co-founder, Punit K Goyal, has taken a notably different turn.

- UDISHA SRIVASTAV

The little-known BluSmart founder

Across social media, investors and entrepreneurs alike have rallied behind Goyal, painting him as a rare figure of integrity and vision, and a maverick deeply committed to green mobility sustainability.

Priyanka Madnani, the founder of startup advisory firm Terex Ventures, who has known Goyal for the past four-five years, recalls how he was beaming with enthusiasm and passion for his startup (BluSmart) during their first interaction. "People are now more aligned to him as they stand for his vision. What he has claimed on day one, he stands for it today also. As a founder, he was focused and passionate, which is a rare quality, and the efforts he made for BluSmart were truly symbolic," Madnani said.

Writing on the professional networking platform LinkedIn, angel investor Amit Gupta, in an almost 450-word post, said: "Punit is not just a serial entrepreneur, he is a force in renewable energy and electric mobility. He brought clarity of vision, unshakable integrity, and relentless execution to BluSmart, India's pioneering all-electric ride-hailing platform... Punit has poured his soul into that same mission. And that work continues, even when it's misunderstood. Because the mission matters."

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