Benefits

Dashboard

See Price & Plans

Not registered yet? Get a free account.

Ola Electric Technologies
Location
People
Financials
- Financial Highlights
- Balance Sheet
- Profit & Loss
- Ratios
Charges
Network
T. Score
Registered Details

OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED

All Companies ›

Karnataka ›

Manufacturing of Motor Vehicles ›

Active

Updated: 23 Aug 2025

Ola Electric Technologies Private Limited, is an unlisted private company incorporated on 06 January, 2021. It is classified as a private limited company and is located in , Karnataka. It's authorized share capital is INR 6,135.88 cr and the total paid-up capital is INR 5,056.43 cr.

Ola Electric Technologies's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2024. It's book networth has decreased by 153.17%.

Subscription Plans

Industry and products

Manufacture of motor vehicles, trailers and others

Motor vehicles, trailers, semi trailers and other Transport Vehicles

Company size

Auth Capital

₹ 6,135.9 Cr

Paidup Capital

₹ 5,056.4 Cr

Revenue

₹ >5000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

96.11%

₹ 5,149.0

EBITDA

₹ -1,070.2

Net Profit

₹ -1,477.6

Networth

-153.17%

₹ -168.8

Borrowings

2.73%

₹ 1,742.8

Assets

40.0%

₹ 5,066.8

Gross Margin

9.56

12.5 %

Operating Margin

17.84

-21.4 %

Net Profit Margin

24.3

-28.7 %

Return on Equity

- %

ROCE

-96.22

-211.8 %

Debt to Equity

-15.66

-10.3

Sales

Mar 2024

Net worth

Mar 2024

Buy Report or Plans

Dashboards

Popular Plan

Company dashboard

₹ 449
- Five year financials and ratios
- Risk analysis
- Interactive charts

Buy credits

View subscriptions

MCA Fillings

All financials

₹ 349
- All financials
- All annual returns
- MoA and AoA
1 Year

₹ 249
- Latest financials
- Latest annual return
- MoA and AoA

PDF Reports

Financial report

₹ 799
- Five year financials and ratios
- Shareholding and group structure
Financial+Litigation report

₹ 1299
- Everything in financial report
- Litigation report on the company
Due diligence report

₹ 2999
- Everything in financial+litigation report
- Peers and financials

* GST not included

** Reports & MCA filings will be based on the latest available financials.

Locations

India (337)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Bhavish Aggarwal	03287473	5 years
Additional Director	Shradha Sharma	03557496	0 years
Director	Harish Abichandani	07053519	2 years
Director	Manoj Kumar Kohli	00162071	2 years

Financial Highlights

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Sales	355.2	2,586.3	4,999.7
Operating profit	-576.5	-1,015.2	-1,070.2
Net profit	-630.4	-1,391.5	-1,477.6
Gross margin	-28.4	2.9	12.5
Operating margin	-162.3	-39.2	-21.4
Net margin	-175.5	-53.0	-28.7
Networth	414.7	317.5	-168.8
Borrowings	846.1	1,696.5	1,742.8
Assets	2,164.4	3,619.3	5,066.8
Debt to equity	2.0	5.3	-10.3
Current ratio	0.9	0.8	0.7
ROE	-152.0	-438.2	-
Days payable	262.0	102.0	121.0
WC days	-115.0	-62.0	-102.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Equity Capital	25.9	25.9	25.9
Reserves	388.8	291.6	-194.7
Borrowings +	846.1	1,696.5	1,742.8
Long term borrowings	626.3	758.6	723.1
Short term borrowings	219.8	937.9	1,019.7
Trade payables +	327.5	704.5	1,445.3
Days payable	262.0	102.0	121.0
Other liabilities +	903.6	1,605.3	3,492.8
Other non-current liabilities	4.6	163.0	385.8
Other current liabilities	571.5	737.8	1,661.7
Total liabilities	2,164.4	3,619.3	5,066.8
Fixed Assets +	1,042.6	1,454.5	2,063.2
Tangible assets	742.3	990.0	1,489.4
CWIP	51.0	278.1	189.8
Intangible assets	249.3	186.4	384.1
LT loans and advances	2.4	-	-
Other non-current assets	112.3	223.2	270.7
Current assets +	1,007.1	1,941.6	2,733.0
Inventories	271.2	569.9	690.2
Trade receivables	15.6	81.6	154.6
Cash and cash equivalents	39.4	124.8	43.5
ST loans and advances	3.8	-	-
Other current assets	677.1	1,165.2	1,844.7
Total assets	2,164.4	3,619.3	5,066.8

Percentage of assets	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.2	0.72	0.51
Reserves	17.96	8.06	-3.84
Borrowings +	39.09	46.87	34.4
Long term borrowings	28.94	20.96	14.27
Short term borrowings	10.15	25.91	20.13
Trade payables	15.13	19.46	28.53
Other liabilities +	41.75	44.35	68.94
Other non-current liabilities	0.21	4.5	7.61
Other current liabilities	26.41	20.38	32.8
Total liabilities
Fixed Assets +	48.17	40.19	40.72
Tangible assets	34.29	27.35	29.39
CWIP	2.36	7.68	3.75
Intangible assets	11.52	5.15	7.58
LT loans and advances	0.11	0.0	0.0
Other non-current assets	5.19	6.17	5.34
Current assets +	46.53	53.65	53.94
Inventories	12.53	15.75	13.62
Trade receivables	0.72	2.25	3.05
Cash and cash equivalents	1.82	3.45	0.86
ST loans and advances	0.17	0.0	0.0
Other current assets	31.29	32.2	36.41
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Sales +	355.2	2,586.3	4,999.7
Sales growth %	None	628.04	93.32
Expenses +	989.6	3,880.9	6,616.3
Cost of goods	456.0	2,510.9	4,376.4
Employee cost	178.6	309.1	335.6
Other costs	297.2	781.5	1,357.9
Operating profit +	-576.5	-1,015.2	-1,070.2
Operating margin %	-162.3	-39.2	-21.4
Other income	4.0	39.2	149.3
Interest	24.0	120.6	198.9
Depreciation	33.8	158.9	347.5
Exceptional items	-	-136.1	-10.3
Profit before tax	-630.4	-1,391.5	-1,477.6
Tax	-	-	-
Profit - disc. ops	-	-	-
Net profit	-630.4	-1,391.5	-1,477.6
Net margin %	-175.5	-53.0	-28.7

Precentage of total income	Mar 2022	Mar 2023	Mar 2024
Sales	98.89	98.51	97.1
Expenses +	275.48	147.82	128.5
Cost of goods	126.93	95.63	85.0
Employee cost	49.71	11.77	6.52
Other costs	82.74	29.77	26.37
Operating profit	-160.49	-38.67	-20.78
Other income	1.11	1.49	2.9
Interest	6.69	4.59	3.86
Depreciation	9.42	6.05	6.75
Exceptional items	0.0	-5.18	-0.2
Profit before tax	-175.48	-53.0	-28.7
Tax	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0
Net profit	-175.48	-53.0	-28.7

Revenue from operations

Ratios

	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	2.0	5.3	-10.3
Net Debt/Equity	1.9	5.0	-10.1
Total Debt/Assets	0.4	0.5	0.3
Total Assets/Equity	5.2	11.4	-30.0
Liquidity +
Current Ratio	0.9	0.8	0.7
Quick Ratio	0.7	0.6	0.5
Interest Coverage	-24.0	-8.4	-5.4
Performance
Gross Margin	-28.4	2.9	12.5
Operating Margin	-162.3	-39.2	-21.4
Net Margin	-175.5	-53.0	-28.7
Return +
Return on Equity	-152.0	-438.2	-
Pre-tax ROCE	-65.6	-115.6	-211.8
Return on Assets	-29.1	-38.5	-29.2
Pre-tax ROIC	-50.0	-62.1	-92.6
Efficiency +
Days Payable	262.0	102.0	121.0
Days Inventory	217.0	83.0	58.0
Days Receivable	16.0	12.0	11.0
Fixed Asset Turnover	0.3	1.8	2.4
Total Asset Turnover	0.2	0.7	1.0
Working Capital
Cash Conversion Cycle	-29.0	-7.0	-52.0
Working Capital Days	-115.0	-62.0	-102.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Axis Trustee Services Limited

No. of Loans: 2

Total Amount : 1,661.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 150.0 cr

Charge Holder	Amount	Date of creation/modification
Axis Bank Limited	150.0 cr	10 Jun, 2025
Axis Trustee Services Limited	911.0 cr	13 Sep, 2023
Axis Trustee Services Limited	750.0 cr	15 Dec, 2021

Charges

Axis Trustee Services Limited

Axis Bank Limited

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SATCOM BROADBAND EQUIPMENT LIMITED TFR. FROM MUMBAI TO DELHI	Amalgamated	24.9 Cr	1	Delhi
CARNATION ACREAGE PRIVATE LIMITED	Active	1.0 L	1	Haryana
BHARTI BROADBAND LIMITED TFR. FROM MUMBA I TO DELHI	Amalgamated	29.2 Cr	1	Delhi
UNICOMMERCE ESOLUTIONS LIMITED	Active	10.2 Cr	1	Delhi
INBREW BEVERAGES PRIVATE LIMITED	Active	5.3 Cr	1	Delhi
WEWORK INDIA MANAGEMENT PRIVATE LIMITED	Active	197.3 Cr	1	Karnataka
SUNSURE ENERGY PRIVATE LIMITED	Active	3.9 Cr	1
OLA ELECTRIC MOBILITY LIMITED	Active	4,410.8 Cr	3
UNICOMMERCE ESOLUTIONS LIMITED	Active	10.3 Cr	1
TRIVENI ENGINEERING AND INDUSTRIES LIMITED	Active	21.9 Cr	1	Uttar Pradesh
ITD CEMENTATION INDIA LIMITED	Active	17.2 Cr	1	Maharashtra
EXICOM TELE-SYSTEMS LIMITED	Active	139.1 Cr	1	Himachal Pradesh
WEWORK INDIA MANAGEMENT LIMITED	Active	134.0 Cr	1	Karnataka
KRUTRIM AI DESIGNS LLP	Active	1.0 Cr	1	Karnataka
BA FAMILY OFFICE LLP	Active	1.0 Cr	1	Karnataka
KRUTRIM SILICON PRIVATE LIMITED	Active	75.0 L	1
OLA FINANCIAL SERVICES PRIVATE LIMITED	Active	4.2 Cr	2
OLA CELL TECHNOLOGIES PRIVATE LIMITED	Active	2,097.9 Cr	2
KRUTRIM SI DESIGNS PRIVATE LIMITED	Active	306.8 Cr	2	Karnataka
ANI TECHNOLOGIES PRIVATE LIMITED	Active	5,839.3 Cr	1	Karnataka
CONTENT FOR GOOD PRIVATE LIMITED	Active	2.0 L	1	Karnataka
YOURSTORY MEDIA PRIVATE LIMITED	Active	13.3 L	1	Karnataka
BIRDS EYE SYSTEMS PRIVATE LIMITED	Amalgamated	3.4 L	1	Karnataka
BLACK LOTUS TECHNOLOGIES PRIVATE LIMITED	Active	1.7 Cr	1	Karnataka
OLA ELECTRIC CHARGING PRIVATE LIMITED	Active	2.5 Cr	1	Karnataka
OLA FLEET TECHNOLOGIES PRIVATE LIMITED	Active	856.0 Cr	1	Karnataka
OLA STORES TECHNOLOGIES PRIVATE LIMITED	Active	1.0 L	1	Karnataka
PISCES ESERVICES PRIVATE LIMITED	Active	174.4 Cr	1	Karnataka

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE
LOW CASH BALANCE
CASH DETERIORATING

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U34300KA2021PTC142884

PAN

AADCO3578R

Incorporation

2021, 4.6 years

Company Email

companysecretary@olaelectric.com

Paid up Capital

₹ 5,056.4 Cr

Authorised Capital

₹ 6,135.9 Cr

AGM

Sep 2024

Type

Private

Others

FAQ - OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED

What is the incorporation date of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The incorporation date of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is 06 January, 2021

What is the authorized share capital of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The authorized share capital of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is INR ₹ 6,135.9 Cr.

What is the paid-up capital of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The paid-up capital of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is INR ₹ 5,056.4 Cr.

What is the registered address of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The registered address of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is Ola Campus, Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Industrial Layout, Koramangala VI Bk, Bangalore, Bangalore South, Karnataka, India, 560095 - 560095

What is the CIN number of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The CIN number of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is U34300KA2021PTC142884.

Smart Suggestions

Top Blog Post

Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED

Leave site?

Buy Dashboard using Credits

Just a Quick Check!

Buy Report or Plans

Dashboards

Company dashboard

Buy credits

View subscriptions

MCA Fillings

All financials

1 Year

PDF Reports

Financial report

Financial+Litigation report

Due diligence report

Choose number of credits to buy

₹ 449 + GST

Locations

Locations on Map

Filter (4)

Select Tags

Choose Location

People

Financial Highlights

Margins

Balance Sheet

Total assets

Profit & Loss

Revenue from operations

Ratios

Ratios

Charges on assets

Charges

Company Network