Ola Electric Technologies Profile
Key Indicators
- Authorised Capital ₹ 6,135.88 Cr
- Paid Up Capital ₹ 2,835.88 Cr
- Company Age 4 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1,661.00 Cr
- Satisfied Charges ₹ 295.00 Cr
- Revenue Growth 96.11%
- Profit Growth -6.18%
- Ebitda -5.42%
- Net Worth -153.17%
- Total Assets 40.00%
About Ola Electric Technologies
Ola Electric Technologies Private Limited (OETPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 January 2021 (Four years and three months 8 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Automotive 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 6,135.88 Cr and a paid-up capital of Rs 2,835.88 Cr.
The company currently has active open charges totaling ₹1,661.00 Cr. The company has closed loans amounting to ₹295.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ola Electric Technologies Private Limited India are Ginni Singhal as COMPANY SECRETARY and Punit Khandelwal as Cfo. Manoj Kohli, Bhavish Aggarwal, Harish Abichandani, and One other member serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U34300KA2021PTC142884
- Company No.
142884
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Jan 2021
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Automotive
Ola Electric Technologies Private Limited
Explore comprehensive data for Ola Electric Technologies Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Ola Electric Technologies?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ginni Singhal  | Company Secretary | 06-Jul-2023 | Current |
| Punit Khandelwal | CFO | 10-Jan-2025 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Manoj Kohli | Director | 07-Dec-2023 | Current |
| Bhavish Aggarwal | Director | 06-Jan-2021 | Current |
| Harish Abichandani | Director | 03-Feb-2024 | Current |
| Punit Khandelwal | Whole-Time Director | 02-Jan-2025 | Current |
Financial Performance of Ola Electric Technologies.
Ola Electric Technologies Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 96.11% increase. The company also saw a slight decrease in profitability, with a 6.18% decrease in profit. The company's net worth observed a substantial decline by a decrease of 153.17%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ola Electric Technologies?
In 2024, Ola Electric Technologies had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Inbrew Beverages Private LimitedManoj Kohli is a mutual person
Triveni Engineering And Industries LimitedManoj Kohli is a mutual person
Elara Capital (India) Private LimitedManoj Kohli is a mutual person
Qualitia Software Private LimitedHarish Abichandani is a mutual person
Black Lotus Technologies Private LimitedHarish Abichandani is a mutual person
Ola Electric Mobility LimitedManoj Kohli and Bhavish Aggarwal are mutual person
Charges (Loans)
Open Charges
₹1,661.00 Cr
Satisfied Charges
₹295.00 Cr
Charges Breakdown by Lending Institutions
- Others : 1661.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 May 2022 | Others | ₹911.00 Cr | Open |
| 08 Jul 2021 | Others | ₹750.00 Cr | Open |
| 28 Nov 2022 | Yes Bank Limited | ₹145.00 Cr | Satisfied |
| 13 Sep 2022 | Axis Bank Limited | ₹100.00 Cr | Satisfied |
| 23 Feb 2022 | Others | ₹50.00 Cr | Satisfied |
How Many Employees Work at Ola Electric Technologies?
Ola Electric Technologies has a workforce of 3779 employees as of Feb 28, 2025. 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ola Electric Technologies, 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 Ola Electric Technologies's trajectory.
Rating
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
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 Ola Electric Technologies
Recent activity within the organization
- Director Appointment
Punit Khandelwal was appointed as a Cfo was appointed as a Cfo on 10 Jan 2025 & has been associated with this company since 3 months 4 days .
- Director Appointment
Punit Khandelwal was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 02 Jan 2025 & has been associated with this company since 3 months 12 days .
- Annual General Meeting
Ola Electric Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Ola Electric Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Harish Abichandani was appointed as a Director was appointed as a Director on 03 Feb 2024 & has been associated with this company since 1 year 2 months .
- Director Appointment
Manoj Kumar Kohli was appointed as a Director was appointed as a Director on 07 Dec 2023 & has been associated with this company since 1 year 4 months .
Recent News, Updates & Announcement
- Ola Electric Takes Prayagraj by Storm: 450th Service Center Opens with Free Scooter Check-Ups for Ola S1 Owners!.
When you finally open your 450th service center in Prayagraj and offer free scooter check-ups all day for Ola S1 owners. #BossMoves #OlaElectric #PrayagrajExpansion.
- Ola Electric to launch electric autorickshaw ahead of planned IPO, says report | Mint.
With its ‘Raahi’ e-rickshaw, Ola Electric will enter a competitive electric three-wheeler space, challenging players such as Mahindra Treo, Piaggio Ape e-city, and Bajaj RE in the arena.
- Ola Electric Set To Launch Electric Autorickshaw Prior To IPO.
Ola Electric aims to introduce an electric autorickshaw, competing with Mahindra Treo, Piaggio Ape e-city, and Bajaj RE in the electric three-wheeler market..
Frequently asked questions
What is the Incorporation or founding date of Ola Electric Technologies Private Limited?
Ola Electric Technologies Private Limited was incorporated on 06 Jan 2021.
What is authorized share capital and paid-up capital of Ola Electric Technologies Private Limited?
The authorized share capital of Ola Electric Technologies Private Limited is ₹ 6,135.88 Cr and paid-up capital is ₹ 2,835.88 Cr.
Who are the current board members & directors of Ola Electric Technologies Private Limited?
Currently 6 directors are associated with Ola Electric Technologies Private Limited.
- Manoj Kumar Kohli
- Bhavish Aggarwal
- Harish Abichandani
- Punit Khandelwal
- Ginni Singhal
- Punit Khandelwal
What is the registered address of Ola Electric Technologies Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ola Electric Technologies Private Limited is Ola Campus Wing C Prestige Rmz Startech Hosur Road Municipal Ward No.67 No. 140, Industrial Layout India, Bangalore South, Karnataka, 560095.
What is the corporate identification number (CIN) and company number of Ola Electric Technologies Private Limited?
The corporate identification number (CIN) of Ola Electric Technologies Private Limited is U34300KA2021PTC142884 and the company number is 142884 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ola Electric Technologies Private Limited?
The Official website of Ola Electric Technologies Private Limited is https://www.olaelectric.com
What has been the recent revenue trend for Ola Electric Technologies Private Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Ola Electric Technologies Private Limited has risen by 96.11%.
How many employees does Ola Electric Technologies Private Limited currently have?
As Per 2024 financial reports, 3779 employees are currently employed by Ola Electric Technologies Private Limited.
What change has been observed in the net worth of Ola Electric Technologies Private Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Ola Electric Technologies Private Limited has experienced an downturn of -153.17%.
What are the total open charges for Ola Electric Technologies Private Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Ola Electric Technologies Private Limited amount to ₹ 1,661.00 Cr.
When was the last Balance Sheet of Ola Electric Technologies Private Limited filed with the ROC?
The most recent Balance Sheet for Ola Electric Technologies Private Limited was filed with the ROC on 31 Mar 2024.
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