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Ola Electric Technologies
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Registered Details

OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED

All Companies ›

Karnataka ›

Manufacturing of Motor Vehicles ›

Active

Updated: 26 Nov 2025

OLA Electric Technologies Private Limited is a electric vehicle manufacturer specializing in sustainable transportation solutions. The company designs and produces electric scooters and charging infrastructure, aiming to revolutionize urban mobility while addressing environmental challenges and reducing carbon footprints.

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.

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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

₹ 4500-4750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

-8.35%

₹ 4,719.0

EBITDA

₹ -1,525.0

Net Profit

₹ -2,063.0

Networth

₹ 1,324.9

Borrowings

-4.18%

₹ 1,670.0

Assets

17.45%

₹ 5,951.0

Gross Margin

5.4

17.9 %

Operating Margin

-12.4

-33.8 %

Net Profit Margin

-15.02

-43.7 %

Return on Equity

-155.7 %

ROCE

119.56

-92.2 %

Debt to Equity

11.58

1.3

Sales

Mar 2025

Net worth

Mar 2025

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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	1 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	Mar 2025
Sales	355.2	2,586.3	4,999.7	4,510.0
Operating profit	-576.5	-1,015.2	-1,070.2	-1,525.0
Net profit	-630.4	-1,391.5	-1,477.6	-2,063.0
Gross margin	-28.4	2.9	12.5	17.9
Operating margin	-162.3	-39.2	-21.4	-33.8
Net margin	-175.5	-53.0	-28.7	-43.7
Networth	414.7	317.5	-168.8	1,324.9
Borrowings	846.1	1,696.5	1,742.8	1,670.0
Assets	2,164.4	3,619.3	5,066.8	5,951.0
Debt to equity	2.0	5.3	-10.3	1.3
Current ratio	0.9	0.8	0.7	0.9
ROE	-152.0	-438.2	-	-155.7
Days payable	262.0	102.0	121.0	89.0
WC days	-115.0	-62.0	-102.0	-14.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	25.9	25.9	25.9	25.9
Reserves	388.8	291.6	-194.7	1,299.0
Borrowings +	846.1	1,696.5	1,742.8	1,670.0
Long term borrowings	626.3	758.6	723.1	587.0
Short term borrowings	219.8	937.9	1,019.7	1,083.0
Trade payables +	327.5	704.5	1,445.3	903.1
Days payable	262.0	102.0	121.0	89.0
Other liabilities +	903.6	1,605.3	3,492.8	2,956.1
Other non-current liabilities	4.6	163.0	385.8	639.0
Other current liabilities	571.5	737.8	1,661.7	1,414.0
Total liabilities	2,164.4	3,619.3	5,066.8	5,951.0
Fixed Assets +	1,042.6	1,454.5	2,063.2	2,360.0
Tangible assets	742.3	990.0	1,489.4	1,605.0
CWIP	51.0	278.1	189.8	352.0
Intangible assets	249.3	186.4	384.1	403.0
LT loans and advances	2.4	-	-	-
Other non-current assets	112.3	223.2	270.7	368.0
Current assets +	1,007.1	1,941.6	2,733.0	3,223.0
Inventories	271.2	569.9	690.2	778.0
Trade receivables	15.6	81.6	154.6	4.0
Cash and cash equivalents	39.4	124.8	43.5	241.0
ST loans and advances	3.8	-	-	-
Other current assets	677.1	1,165.2	1,844.7	2,200.0
Total assets	2,164.4	3,619.3	5,066.8	5,951.0

Percentage of assets	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.2	0.72	0.51	0.43
Reserves	17.96	8.06	-3.84	21.83
Borrowings +	39.09	46.87	34.4	28.06
Long term borrowings	28.94	20.96	14.27	9.86
Short term borrowings	10.15	25.91	20.13	18.2
Trade payables	15.13	19.46	28.53	15.18
Other liabilities +	41.75	44.35	68.94	49.67
Other non-current liabilities	0.21	4.5	7.61	10.74
Other current liabilities	26.41	20.38	32.8	23.76
Total liabilities
Fixed Assets +	48.17	40.19	40.72	39.66
Tangible assets	34.29	27.35	29.39	26.97
CWIP	2.36	7.68	3.75	5.91
Intangible assets	11.52	5.15	7.58	6.77
LT loans and advances	0.11	0.0	0.0	0.0
Other non-current assets	5.19	6.17	5.34	6.18
Current assets +	46.53	53.65	53.94	54.16
Inventories	12.53	15.75	13.62	13.07
Trade receivables	0.72	2.25	3.05	0.07
Cash and cash equivalents	1.82	3.45	0.86	4.05
ST loans and advances	0.17	0.0	0.0	0.0
Other current assets	31.29	32.2	36.41	36.97
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	355.2	2,586.3	4,999.7	4,510.0
Sales growth %	None	628.04	93.32	-9.8
Expenses +	989.6	3,880.9	6,616.3	6,759.0
Cost of goods	456.0	2,510.9	4,376.4	3,704.0
Employee cost	178.6	309.1	335.6	396.0
Other costs	297.2	781.5	1,357.9	1,935.0
Operating profit +	-576.5	-1,015.2	-1,070.2	-1,525.0
Operating margin %	-162.3	-39.2	-21.4	-33.8
Other income	4.0	39.2	149.3	209.0
Interest	24.0	120.6	198.9	236.0
Depreciation	33.8	158.9	347.5	488.0
Exceptional items	-	-136.1	-10.3	-23.0
Profit before tax	-630.4	-1,391.5	-1,477.6	-2,063.0
Tax	-	-	-	-
Profit - disc. ops	-	-	-	-
Net profit	-630.4	-1,391.5	-1,477.6	-2,063.0
Net margin %	-175.5	-53.0	-28.7	-43.7

Precentage of total income	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	98.89	98.51	97.1	95.57
Expenses +	275.48	147.82	128.5	143.23
Cost of goods	126.93	95.63	85.0	78.49
Employee cost	49.71	11.77	6.52	8.39
Other costs	82.74	29.77	26.37	41.0
Operating profit	-160.49	-38.67	-20.78	-32.32
Other income	1.11	1.49	2.9	4.43
Interest	6.69	4.59	3.86	5.0
Depreciation	9.42	6.05	6.75	10.34
Exceptional items	0.0	-5.18	-0.2	-0.49
Profit before tax	-175.48	-53.0	-28.7	-43.72
Tax	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0
Net profit	-175.48	-53.0	-28.7	-43.72

Revenue from operations

Ratios

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	2.0	5.3	-10.3	1.3
Net Debt/Equity	1.9	5.0	-10.1	1.1
Total Debt/Assets	0.4	0.5	0.3	0.3
Total Assets/Equity	5.2	11.4	-30.0	4.5
Liquidity +
Current Ratio	0.9	0.8	0.7	0.9
Quick Ratio	0.7	0.6	0.5	0.7
Interest Coverage	-24.0	-8.4	-5.4	-6.5
Performance
Gross Margin	-28.4	2.9	12.5	17.9
Operating Margin	-162.3	-39.2	-21.4	-33.8
Net Margin	-175.5	-53.0	-28.7	-43.7
Return +
Return on Equity	-152.0	-438.2	-	-155.7
Pre-tax ROCE	-65.6	-115.6	-211.8	-92.2
Return on Assets	-29.1	-38.5	-29.2	-34.7
Pre-tax ROIC	-50.0	-62.1	-92.6	-73.1
Efficiency +
Days Payable	262.0	102.0	121.0	89.0
Days Inventory	217.0	83.0	58.0	77.0
Days Receivable	16.0	12.0	11.0	0.0
Fixed Asset Turnover	0.3	1.8	2.4	1.9
Total Asset Turnover	0.2	0.7	1.0	0.8
Working Capital
Cash Conversion Cycle	-29.0	-7.0	-52.0	-12.0
Working Capital Days	-115.0	-62.0	-102.0	-14.0

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
WEWORK INDIA MANAGEMENT PRIVATE LIMITED	Active	197.3 Cr	1	Karnataka
SUNSURE ENERGY PRIVATE LIMITED	Active	3.9 Cr	1	Haryana
WEWORK INDIA MANAGEMENT LIMITED	Active	134.0 Cr	1	Karnataka
TONIC MEDIA DIGITAL PRIVATE LIMITED	Active	1.2 L	1	Maharashtra
OLA ELECTRIC MOBILITY LIMITED	Active	4,410.8 Cr	3	Karnataka
UNICOMMERCE ESOLUTIONS LIMITED	Active	11.1 Cr	1	Delhi
INBREW BEVERAGES PRIVATE LIMITED	Active	5.3 Cr	1	Delhi
CEMINDIA PROJECTS LIMITED	Active	17.2 Cr	1	Maharashtra
TRIVENI ENGINEERING AND INDUSTRIES LIMITED	Active	21.9 Cr	1	Uttar Pradesh
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
OLA FINANCIAL SERVICES PRIVATE LIMITED	Active	4.2 Cr	2
OLA CELL TECHNOLOGIES PRIVATE LIMITED	Active	2,097.9 Cr	2	Karnataka
KRUTRIM DATA CENTRE PRIVATE LIMITED	Active	1.0 L	2	Karnataka
KRUTRIM SILICON PRIVATE LIMITED	Active	75.0 L	1	Karnataka
KRUTRIM CLOUD PRIVATE LIMITED	Active	1.0 L	2	Karnataka
KRUTRIM AI PRIVATE LIMITED	Active	1.0 L	2	Karnataka
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	2	Karnataka
BLACK LOTUS TECHNOLOGIES PRIVATE LIMITED	Active	1.7 Cr	1	Karnataka
OLA ELECTRIC CHARGING PRIVATE LIMITED	Active	2.5 Cr	1	Karnataka
WILDR TECHNOLOGIES PRIVATE LIMITED	Active	1.0 L	1	Karnataka
BIRDS EYE SYSTEMS PRIVATE LIMITED	Amalgamated	3.4 L	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

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Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

HIGH LEVERAGE
LOSS MAKING
LOW ROCE

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, 5.0 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.

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