Overdrive Electric Private Limited

Manufactures and sells electric lamps, lights, fittings, and fixtures and related products.

2015 | Bangaluru, Karnataka (India) | Active
Last Updated: January 07, 2025

Overdrive Electric Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 9 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.50 M
  • Revenue Growth 60.44%
  • Profit Growth -49.76%
  • Ebitda 25.77%
  • Net Worth -151.95%
  • Total Assets -53.48%

About Overdrive Electric

Overdrive Electric Private Limited (OEPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 March 2015 (Nine years and ten months 29 days old ). Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Consumer Electronics & Durables 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 5.00 M and a paid-up capital of Rs 5.00 M.

The company currently has active open charges totaling ₹4.50 M.

Ramesh Srinivasan and Mohit Mittal serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U31501KA2015PTC079221

  • Company No.

    079221

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Mar 2015

  • Date of AGM

    25 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Consumer Electronics & Durables

What products or services does Overdrive Electric Private Limited offer?

Overdrive Electric Private Limited offers a wide range of products and services, including Indoor Lights & Lighting Accessories, Light Bulb.

Who are the key members and board of directors at Overdrive Electric?

Board Members (2)

Name Designation Appointment Date Status
Mohit Mittal Country flag representing In Director 12-Mar-2015 Current
Ramesh Srinivasan Country flag representing In Director 12-Mar-2015 Current

Financial Performance of Overdrive Electric.

Overdrive Electric Private Limited, for the financial year ended 2019, experienced significant growth in revenue, with a 60.44% increase. The company also saw a substantial fall in profitability, with a 49.76% decrease in profit. The company's net worth observed a substantial decline by a decrease of 151.95%.

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
60.44%
Revenue from Operations
60.04%
Total Assets
-53.48%
Profit or Loss
-49.76%
Net Worth
-151.95%
EBITDA
25.77%

What is the Ownership and Shareholding Structure of Overdrive Electric?

In 2019, Overdrive Electric had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.50 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Indian Overseas Bank : 0.45 Cr

Latest Charge Details

Date Lender Amount Status
10 Oct 2017 Indian Overseas Bank ₹4.50 M Open

How Many Employees Work at Overdrive Electric?

Unlock and access historical data on people associated with Overdrive Electric, 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 Overdrive Electric, 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 Overdrive Electric'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 Overdrive Electric

Recent activity within the organization

  • Annual General Meeting

    Overdrive Electric Private Limited last Annual general meeting of members was held on 25 Aug 2024 as per latest MCA records.

    25 Aug 2024

  • Balance Sheet

    Overdrive Electric Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Charges

    A charge with Indian Overseas Bank amounted to Rs. 4.50 M with Charge ID 100147979 was registered on 10 Oct 2017.

    10 Oct 2017

  • Director Appointment

    Ramesh Srinivasan was appointed as a Director was appointed as a Director on 12 Mar 2015 & has been associated with this company since 9 years 10 months .

    12 Mar 2015

  • Director Appointment

    Mohit Kumar Mittal was appointed as a Director was appointed as a Director on 12 Mar 2015 & has been associated with this company since 9 years 10 months .

    12 Mar 2015

  • Company Incorporation

    Overdrive Electric Private Limited was registered on 12 Mar 2015 with Roc Bangalore & aged 9 years 10 months as per MCA records.

    12 Mar 2015

Frequently asked questions

  • Overdrive Electric Private Limited was incorporated on 12 Mar 2015.

  • The authorized share capital of Overdrive Electric Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

  • Currently 2 directors are associated with Overdrive Electric Private Limited.

    • Ramesh Srinivasan
    • Mohit Kumar Mittal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Overdrive Electric Private Limited is 508, Esteem Classic Apartments No 147/A Industrial Suburb 1St Stage Rajajinagar India, Bangalore, Karnataka, 560022.

  • The corporate identification number (CIN) of Overdrive Electric Private Limited is U31501KA2015PTC079221 and the company number is 079221 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Overdrive Electric Private Limited is https://www.overdriveasia.com

  • According to the financial reports for the fiscal year 2019, the revenue trend for Overdrive Electric Private Limited has risen by 60.44%.

  • The financial reports for the fiscal year 2019 indicates that The net worth of Overdrive Electric Private Limited has experienced an downturn of -151.95%.

  • As per the financial statements for fiscal Year 2019, The total open charges for Overdrive Electric Private Limited amount to ₹ 4.50 M.

  • The most recent Balance Sheet for Overdrive Electric Private Limited was filed with the ROC on 31 Mar 2024.