Ather Energy Limited

Founded in 2013 and headquartered in Karnataka, India.

2013 | Bangaluru, Karnataka (India) | Active
Last Updated:

Ather Energy Profile

Key Indicators

  • Authorised Capital ₹ 100.00 Cr
  • Paid Up Capital ₹ 20.45 Cr
  • Company Age 11 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,035.50 Cr
  • Satisfied Charges ₹ 521.00 Cr
  • Revenue Growth 336.36%
  • Profit Growth -151.24%
  • Ebitda -173.48%
  • Net Worth 173.26%
  • Total Assets 141.49%

About Ather Energy

Ather Energy Limited (AEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 October 2013 and has a history of 11 years and four months. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Automobile Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 100.00 Cr and a paid-up capital of Rs 20.45 Cr.

The company currently has active open charges totaling ₹1,035.50 Cr. The company has closed loans amounting to ₹521.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Ather Energy Limited India are Sohil Parekh as Cfo, Puja Aggarwal as Company Secretary, and Tarun Mehta as Ceo. Neelam Dhawan, Sanjay Nayak, Kaushik Dutta, and Six other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    atherenergy.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U40100KA2013PLC093769

  • Company No.

    093769

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Oct 2013

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Automobile

What products or services does Ather Energy Limited offer?

Ather Energy Limited offers a wide range of products and services, including Electric Two Wheelers, Parts And Kits, Battery Operated Scooter.

Who are the key members and board of directors at Ather Energy?

Executive Team (3)

NameDesignationAppointment DateStatus
Sohil Parekh CFO05-Apr-2024Current
Puja Aggarwal Company Secretary05-May-2023Current
Tarun Mehta CEO01-Jul-2024Current

Board Members (9)

NameDesignationAppointment DateStatus
Tarun Mehta Country flag representing In Whole-Time Director 21-Oct-2013Current
Swapnil Jain Country flag representing In Whole-Time Director 21-Oct-2013Current
Pankaj Sood Country flag representing In Nominee Director 11-Nov-2022Current
Niranjan Gupta Country flag representing In Director 03-Nov-2020Current
Neelam Dhawan Country flag representing In Director 27-Aug-2024Current
Sanjay Nayak Country flag representing In Director 27-Aug-2024Current

Financial Performance of Ather Energy.

Ather Energy Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 336.36% increase. The company also saw a substantial fall in profitability, with a 151.24% decrease in profit. The company's net worth Soared by an impressive increase of 173.26%.

Ather Energy revenue growth over time
Ather Energy profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
336.36%
Revenue from Operations
336.62%
Total Assets
141.49%
Profit or Loss
-151.24%
Net Worth
173.26%
EBITDA
-173.48%

What is the Ownership and Shareholding Structure of Ather Energy?

In 2022, Ather Energy had a public holding of 100.01%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,035.50 Cr

Satisfied Charges

₹521.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 670.00 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 188.50 Cr
  • Axis Bank Limited : 177.00 Cr

Latest Charge Details

DateLenderAmountStatus
22 Jul 2024Others₹80.00 CrOpen
11 Jun 2024Others₹100.00 CrOpen
29 May 2024Others₹100.00 CrOpen
02 May 2024Others₹60.00 CrOpen
25 Apr 2024Others₹50.00 CrOpen

How Many Employees Work at Ather Energy?

Ather Energy has a workforce of 1418 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Ather Energy Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ather Energy, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ather Energy's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Ather Energy

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 80.00 Cr registered on 22 Jul 2024 with Charge ID 101000755 was modified on 19 Nov 2024.

  • Annual General Meeting

    Ather Energy Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 09 Aug 2019 via Charge ID 100285721 with Others was fully satisfied on 25 Sep 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 150.00 Cr registered on 16 May 2022 with Charge ID 100580347 was modified on 29 Aug 2024.

  • Director Appointment

    Neelam Dhawan was appointed as a Director was appointed as a Director on 27 Aug 2024 & has been associated with this company since 6 months 8 days .

  • Director Appointment

    Sanjay Nayak was appointed as a Director was appointed as a Director on 27 Aug 2024 & has been associated with this company since 6 months 8 days .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Ather Energy Limited?

    Ather Energy Limited was incorporated on 21 Oct 2013.

  • What is authorized share capital and paid-up capital of Ather Energy Limited?

    The authorized share capital of Ather Energy Limited is ₹ 100.00 Cr and paid-up capital is ₹ 20.45 Cr.

  • Who are the current board members & directors of Ather Energy Limited?

    Currently 12 directors are associated with Ather Energy Limited.

    • Sohil Dilipkumar Parekh
    • Neelam Dhawan
    • Sanjay Nayak
    • Kaushik Dutta
    • Pankaj Sood
    • Tarun Sanjay Mehta
    • Swapnil Babanlal Jain
    • Niranjan Kumar Gupta
    • Nilesh Shrivastava
    • Ram Kuppuswamy
    • Puja Aggarwal
    • Tarun Sanjay Mehta

  • What is the registered address of Ather Energy Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ather Energy Limited is 3Rd Floor Tower D Ibc Knowledge Park 4/1, Bannerghatta Main Road India, Bangalore, Karnataka, 560029.

  • What is the corporate identification number (CIN) and company number of Ather Energy Limited?

    The corporate identification number (CIN) of Ather Energy Limited is U40100KA2013PLC093769 and the company number is 093769 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ather Energy Limited?

    The Official website of Ather Energy Limited is https://www.atherenergy.com

  • What has been the recent revenue trend for Ather Energy Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Ather Energy Limited has risen by 336.36%.

  • How many employees does Ather Energy Limited currently have?

    As Per 2023 financial reports, 1418 employees are currently employed by Ather Energy Limited.

  • What change has been observed in the net worth of Ather Energy Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Ather Energy Limited has experienced an upsurge of 173.26%.

  • What are the total open charges for Ather Energy Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Ather Energy Limited amount to ₹ 1,035.50 Cr.

  • When was the last Balance Sheet of Ather Energy Limited filed with the ROC?

    The most recent Balance Sheet for Ather Energy Limited was filed with the ROC on 31 Mar 2024.

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