Olive Wellness Private Limited
About Olive Wellness Private Limited
Data last updated:
Olive Wellness Private Limited was a private limited company based in Lucknow, Uttar Pradesh, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the wellness and healthcare centers segment of the travel and hospitality sector. It was incorporated on 10 December 2012.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U74120UP2012PTC054041. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Charanpreet Singh Bagga and Sukhveen Bagga.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Opposite Polytechnic Kanpur Road, Lucknow, Uttar Pradesh, India – 226001.
As per the financials filed for FY 2018, the company reported a revenue of ₹42.69 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹1.79 Lakh (net margin -4.2%) and EBITDA of ₹2.38 Lakh (EBITDA margin 5.6%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
Company details
Contact details
Olive Wellness Private Limited's registered office is in Lucknow, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOpposite Polytechnic Kanpur Road, Lucknow, Uttar Pradesh, India – 226001
- IndustryTravel and Hospitality, Wellness & Healthcare Centers
To see the full contact details of Olive Wellness Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Olive Wellness is personal and household service. In detail, this covers activities of membership organisations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S1 | Activities of membership organisations |
To see the full business activity and turnover split of Olive Wellness Private Limited, buy the company report.
Financials of Olive Wellness Private Limited
FY 2018 filings availableOlive Wellness Private Limited reported revenue of ₹42.69 Lakh (down 34% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over three years, including a 34% fall in the latest year. EBITDA rose 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹2.38 Lakh | |||
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| Net Profit (PAT) | -₹1.79 Lakh | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | 5.6% | |||
| Net Profit Margin | -4.2% | |||
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To see the full financial statements and ratios of Olive Wellness Private Limited, buy the company report.
Board of directors of Olive Wellness Private Limited
Olive Wellness has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Charanpreet Singh Bagga | Director | 10 Dec 2012 | 13 Years 10 Months | As last reported |
| Sukhveen Bagga Also directs: Vedatech Heights LLP, Sabar Shukar Advisors LLP, Zamayrrah Buildcon Private Limited and 1 more | Director | 10 Dec 2012 | 13 Years 10 Months | As last reported |
Auditor
Olive Wellness Private Limited is audited by Seth & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Seth & Associates | FY 2017 | 001167C |
Shareholding
The shareholding of Olive Wellness Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Olive Wellness Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Olive Wellness Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Olive Wellness Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Olive Wellness has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Olive Wellness Private Limited, buy the company report.
Recent activity
Olive Wellness Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Karan Pal Singh ceased to be Director on 17 Jul 2019.
Frequently asked questions
Olive Wellness has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Olive Wellness was a private limited company based in Lucknow, Uttar Pradesh, India. The company worked in wellness and healthcare centers, within the travel and hospitality industry. It was incorporated on 10 December 2012 and is registered under CIN U74120UP2012PTC054041. The company has been struck off by the Registrar of Companies and is no longer operational.
Olive Wellness had 2 directors:
- Charanpreet Singh Bagga - Director
- Sukhveen Bagga - Director
The CIN (Corporate Identification Number) of Olive Wellness is U74120UP2012PTC054041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Olive Wellness is at Opposite Polytechnic Kanpur Road, Lucknow, Uttar Pradesh, India – 226001.
Olive Wellness was incorporated on 10 December 2012. It is registered with the Registrar of Companies, Kanpur.
The latest financial statements of Olive Wellness on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Olive Wellness has 1 GST registration on record and it is cancelled or inactive.
Olive Wellness operated in the travel and hospitality industry, in the wellness and healthcare centers segment. It worked in this industry before it was struck off.
Karan Pal Singh ceased to be Director on 17 Jul 2019. Charanpreet Singh Bagga was appointed as Director on 10 Dec 2012. Sukhveen Bagga was appointed as Director on 10 Dec 2012.