Ola Financial Services Profile
Key Indicators
- Authorised Capital ₹ 4.93 Cr
- Paid Up Capital ₹ 4.21 Cr
- Company Age 17 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 79.76 Cr
- Revenue Growth 106.05%
- Profit Growth 115.44%
- Ebitda 99.93%
- Net Worth 9.61%
- Total Assets -12.87%
About Ola Financial Services
Ola Financial Services Private Limited (OFSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 February 2007 and has a history of 17 years and 11 months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Zipcash Card Services Private Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 4.93 Cr and a paid-up capital of Rs 4.21 Cr.
The company currently has active open charges totaling ₹79.76 Cr.
Krishnamurthy Tenneti, Bhavish Aggarwal, Harish Abichandani, and Three other members 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
U22219KA2007PTC127705
- Company No.
127705
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Feb 2007
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Ola Financial Services?
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hemant Kaul  | Director | 14-Nov-2019 | Current |
| Arun Sarin | Director | 03-Feb-2020 | Current |
| Ankush Aggarwal | Director | 13-Jun-2022 | Current |
| Krishnamurthy Tenneti | Director | 03-Feb-2020 | Current |
| Bhavish Aggarwal | Director | 03-Feb-2020 | Current |
| Harish Abichandani | Director | 14-Feb-2024 | Current |
Financial Performance of Ola Financial Services.
Ola Financial Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 106.05% increase. The company also saw a substantial improvement in profitability, with a 115.44% increase in profit. The company's net worth moved up by a moderate rise of 9.61%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Ola Financial Services?
In 2022, Ola Financial Services had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ola Electric Technologies Private LimitedBhavish Aggarwal and Harish Abichandani are mutual person
Qualitia Software Private LimitedHarish Abichandani is a mutual person
Goddard Technical Solutions Private LimitedAnkush Aggarwal and Hemant Kaul are mutual person
Black Lotus Technologies Private LimitedHarish Abichandani is a mutual person
Ani Technologies Private LimitedKrishnamurthy Tenneti, Bhavish Aggarwal and 1 more are mutual person
- Ola Electric Mobility Limited
Krishnamurthy Tenneti, Bhavish Aggarwal and 1 more are mutual person
Charges (Loans)
₹79.76 Cr
₹0
Charges Breakdown by Lending Institutions
- Others : 79.76 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Dec 2014 | Others | ₹79.76 Cr | Open |
How Many Employees Work at Ola Financial Services?
Ola Financial Services has a workforce of 125 employees as of Apr 08, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ola Financial Services, 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 Financial Services'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.
