Ola Fleet Technologies Profile
Key Indicators
- Authorised Capital ₹ 875.20 Cr
- Paid Up Capital ₹ 856.01 Cr
- Company Age 13 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 2,492.22 Cr
- Revenue Growth -57.98%
- Profit Growth 17.17%
- Ebitda 58.87%
- Net Worth -39.38%
- Total Assets -31.77%
About Ola Fleet Technologies
Ola Fleet Technologies Private Limited (OFTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 02 February 2012 and has a history of 13 years and one month. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Apra Cabs India Private Limited. The Company is engaged in the Transport And Logistics 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 875.20 Cr and a paid-up capital of Rs 856.01 Cr.
The company has closed loans amounting to ₹2,492.22 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ola Fleet Technologies Private Limited India is Gagandeep Singh as COMPANY SECRETARY. Harish Abichandani and Ankush Aggarwal serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U63090KA2012PTC157478
- Company No.
230920
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
02 Feb 2012
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Transport and Logistics
Who are the key members and board of directors at Ola Fleet Technologies?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Gagandeep Singh | Company Secretary | 15-Jan-2025 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ankush Aggarwal  | Director | 21-May-2024 | Current |
| Harish Abichandani | Director | 21-May-2024 | Current |
Financial Performance of Ola Fleet Technologies.
Ola Fleet Technologies Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 57.98% decrease. The company also saw a substantial improvement in profitability, with a 17.17% increase in profit. The company's net worth observed a substantial decline by a decrease of 39.38%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ola Fleet Technologies?
In 2023, Ola Fleet 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)
Ola Electric Technologies Private LimitedHarish Abichandani is a mutual person
Qualitia Software Private LimitedHarish Abichandani is a mutual person
Goddard Technical Solutions Private LimitedAnkush Aggarwal is a mutual person
Black Lotus Technologies Private LimitedHarish Abichandani is a mutual person
- Ani Technologies Private Limited
Gagandeep Singh is a mutual person
Ola Financial Services Private LimitedHarish Abichandani and Ankush Aggarwal are mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹2,492.22 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 1350.00 Cr
- Axis Bank Limited : 500.00 Cr
- Others : 390.00 Cr
- Hdfc Bank Limited : 200.00 Cr
- Jp Morgan Chase Bank, N.A. : 50.00 Cr
- Others : 2.22 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Feb 2022 | Yes Bank Limited | ₹100.00 Cr | Satisfied |
| 25 Jan 2022 | Axis Bank Limited | ₹100.00 Cr | Satisfied |
| 17 Jan 2022 | Jp Morgan Chase Bank, N.A. | ₹50.00 Cr | Satisfied |
| 26 Aug 2021 | Axis Bank Limited | ₹100.00 Cr | Satisfied |
| 09 Sep 2019 | Others | ₹150.00 Cr | Satisfied |
How Many Employees Work at Ola Fleet Technologies?
Ola Fleet Technologies has a workforce of 12 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 Fleet 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 Fleet 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 Fleet Technologies
Recent activity within the organization
- Director Appointment
Gagandeep Singh was appointed as a Company Secretary was appointed as a Company Secretary on 15 Jan 2025 & has been associated with this company since 2 months 11 days .
- Charges
A charge registered on 26 Aug 2021 via Charge ID 100479617 with Axis Bank Limited was fully satisfied on 09 Jan 2025.
- Director Appointment
Harish Abichandani was appointed as a Director was appointed as a Director on 21 May 2024 & has been associated with this company since 10 months 5 days .
- Director Appointment
Ankush Aggarwal was appointed as a Director was appointed as a Director on 21 May 2024 & has been associated with this company since 10 months 5 days .
- Charges
A charge registered on 10 Jun 2016 via Charge ID 100076382 with Yes Bank Limited was fully satisfied on 18 Apr 2024.
- Charges
A charge registered on 28 Mar 2019 via Charge ID 100255399 with Others was fully satisfied on 31 Mar 2024.
Recent News, Updates & Announcement
- Olas Valuation Cut By AMC To Below $2 Billion.
Vanguard has cut the fair value of ANI Technologies, the parent company of ride-hailing platform Ola, for the third consecutive time.
- Ola appoints former Unilever EVP Hemant Bakshi as CEO.
This decision comes as part of the company's efforts to streamline operations, with Bhavish Aggarwal transitioning out. Aggarwal is reportedly stepping down from the role to take the helm of Krutim, his newly established AI Unicorn in India.
- Ola Cab Customer Charged Over 7 Times the Fare: Bengaluru Student Shares Tips for Getting Refund.
When you book an Ola cab, make sure to take screenshots and report any discrepancies to customer support. A college student from Bengaluru was charged Rs 5,194 for a ride that was supposed to cost only Rs 730. He managed to negotiate and settle the fare at Rs 1,600 with the help of his neighbors. Be careful and report any issues to get a refund..
Frequently asked questions
What is the Incorporation or founding date of Ola Fleet Technologies Private Limited?
Ola Fleet Technologies Private Limited was incorporated on 02 Feb 2012.
What is authorized share capital and paid-up capital of Ola Fleet Technologies Private Limited?
The authorized share capital of Ola Fleet Technologies Private Limited is ₹ 875.20 Cr and paid-up capital is ₹ 856.01 Cr.
Who are the current board members & directors of Ola Fleet Technologies Private Limited?
Currently 3 directors are associated with Ola Fleet Technologies Private Limited.
- Harish Abichandani
- Ankush Aggarwal
- Gagandeep Singh
What is the registered address of Ola Fleet Technologies Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ola Fleet Technologies Private Limited is 2Nd Floor Block C Prestige Startech Kormangala Hosur Road, India, Bengaluru, Karnataka, 560095.
What is the corporate identification number (CIN) and company number of Ola Fleet Technologies Private Limited?
The corporate identification number (CIN) of Ola Fleet Technologies Private Limited is U63090KA2012PTC157478 and the company number is 230920 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ola Fleet Technologies Private Limited?
The Official website of Ola Fleet Technologies Private Limited is https://www.olacabs.com
What has been the recent revenue trend for Ola Fleet Technologies Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Ola Fleet Technologies Private Limited has fallen by -57.98%.
How many employees does Ola Fleet Technologies Private Limited currently have?
As Per 2023 financial reports, 12 employees are currently employed by Ola Fleet Technologies Private Limited.
What change has been observed in the net worth of Ola Fleet Technologies Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Ola Fleet Technologies Private Limited has experienced an downturn of -39.38%.
When was the last Balance Sheet of Ola Fleet Technologies Private Limited filed with the ROC?
The most recent Balance Sheet for Ola Fleet Technologies Private Limited was filed with the ROC on 31 Mar 2023.
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