Olety Carz Private Limited

Provides motor vehicle retail, AMC service, used vehicle sales, and rentals since 1999 in Bangalore.

1999 | Bangaluru, Karnataka (India) | Active
Last Updated: December 24, 2024

Olety Carz Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 3.77 M
  • Company Age 25 Year, 2 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 1.62 Cr
  • Satisfied Charges ₹ 1.25 Cr
  • Revenue Growth -19.37%
  • Profit Growth -6.63%
  • Ebitda -36.02%
  • Net Worth 1.14%
  • Total Assets -5.32%

About Olety Carz

Olety Carz Private Limited (OCPL) is a Private Limited Indian Non-Government Company incorporated in India on 01 December 1999 and has a history of 25 years and two months. 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 2021. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 3.77 M.

The company currently has active open charges totaling ₹1.62 Cr. The company has closed loans amounting to ₹1.25 Cr, as per Ministry of Corporate Affairs (MCA) records.

Arathi Santosh, Olety Santoshkumar, and Abhishek Olety 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

    U50101KA1999PTC026013

  • Company No.

    026013

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Dec 1999

  • Date of AGM

    30 Nov 2021

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Automotive

Who are the key members and board of directors at Olety Carz?

Executive Team (1)

NameDesignationAppointment DateStatus
Olety Santoshkumar Country flag representing In Managing Director01-Dec-1999Current

Board Members (2)

NameDesignationAppointment DateStatus
Arathi Santosh Country flag representing In Director 01-Dec-1999Current
Abhishek Olety Country flag representing In Director 08-Oct-2021Current

Financial Performance of Olety Carz.

Olety Carz Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 19.37% decrease. The company also saw a slight decrease in profitability, with a 6.63% decrease in profit. The company's net worth moved up by a moderate rise of 1.14%.

Graph illustrating revenue growth over time
Graph showing 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
-19.37%
Revenue from Operations
-19.98%
Total Assets
-5.32%
Profit or Loss
-6.63%
Net Worth
1.14%
EBITDA
-36.02%

What is the Ownership and Shareholding Structure of Olety Carz?

In 2020, Olety Carz had a promoter holding of 92.84% and a public holding of 7.16%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹16.20 M

Satisfied Charges

₹12.50 M

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 0.82 Cr
  • Others : 0.65 Cr
  • Tata Capital Financial Services Limited : 0.15 Cr

Latest Charge Details

DateLenderAmountStatus
28 Dec 2021Axis Bank Limited₹8.20 MOpen
29 Sep 2020Tata Capital Financial Services Limited₹1.50 MOpen
22 Mar 2017Others₹6.50 MOpen
11 Sep 2008Corporation Bank₹1.25 CrSatisfied

How Many Employees Work at Olety Carz?

Unlock and access historical data on people associated with Olety Carz, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Olety Carz, 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 Olety Carz'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 Olety Carz

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 8.20 M with Charge ID 100517922 was registered on 28 Dec 2021.

    28 Dec 2021

  • Annual General Meeting

    Olety Carz Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.

    30 Nov 2021

  • Director Appointment

    Abhishek Santosh Olety was appointed as a Director was appointed as a Director on 08 Oct 2021 & has been associated with this company since 3 years 4 months .

    08 Oct 2021

  • Balance Sheet

    Olety Carz Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.

    31 Mar 2021

  • Charges

    A charge with Tata Capital Financial Services Limited amounted to Rs. 1.50 M with Charge ID 100381131 was registered on 29 Sep 2020.

    29 Sep 2020

  • Charges

    A charge with Others of Rs. 6.50 M registered on 22 Mar 2017 with Charge ID 100090574 was modified on 23 Mar 2017.

    23 Mar 2017

Frequently asked questions

  • Olety Carz Private Limited was incorporated on 01 Dec 1999.

  • The authorized share capital of Olety Carz Private Limited is ₹ 5.00 M and paid-up capital is ₹ 3.77 M.

  • Currently 3 directors are associated with Olety Carz Private Limited.

    • Arathi Santosh
    • Olety Venkataram Santoshkumar
    • Abhishek Santosh Olety
  • As per Ministry of Corporate Affairs (Mca), the registered address of Olety Carz Private Limited is No 41 1St Floor Sajjan Rao Road V Puram, Bangalore India, Karnataka, 560004.

  • The corporate identification number (CIN) of Olety Carz Private Limited is U50101KA1999PTC026013 and the company number is 026013 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2021, the revenue trend for Olety Carz Private Limited has fallen by -19.37%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Olety Carz Private Limited has experienced an upsurge of 1.14%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Olety Carz Private Limited amount to ₹ 1.62 Cr.

  • The most recent Balance Sheet for Olety Carz Private Limited was filed with the ROC on 31 Mar 2021.