Carpooling has gained considerable importance in developed as well as in developing countries as an effective solution for controlling vehicular pollution, both sound and air. As carpooling decreases the number of vehicles used by commuters, it results in multiple benefits like mitigation of traffic and congestion on the roads, reduced demand for parking facilities, lesser energy or fuel consumption and most importantly, reduction in carbon emission, thus improving the quality of life in cities. This work presents a hybrid GA-A* algorithm to obtain optimal routes for the carpooling problem in the domain of multi-objective optimization having multiple conflicting objectives. Though Genetic algorithm provides optimal solutions, A* algorithm because of its efficiency in providing the shortest route between any two points based on heuristics, enhances the optimal routes obtained using Genetic algorithm. The refined routes, obtained using the GA-A* algorithm, are further subjected to dominance test to obtain non-dominating solutions based on Pareto-Optimality. The routes obtained maximize the profit of the service provider by minimizing the travel and detour distance as well as pick-up/drop costs while maximizing the utilization of the car. The proposed algorithm has been implemented over the Salt Lake area of Kolkata. Route distance and detour distance for the optimal routes obtained using the proposed algorithm are consistently lesser for the same number of passengers when compared with the corresponding data obtained using the existing algorithm. Various statistical analyses like boxplots have also confirmed that the proposed algorithm regularly performed better than the existing algorithm using only Genetic Algorithm.