About Olety Finance
Olety Finance was a Financial Services company based in Bengaluru (India) by Santosh Olety. A diversified non-banking financial institution specializing in lending services. It operates on a B2C model. Its Indian entity Olety Finance Private Limited reported revenue of ₹24.2 Lakh. The company is recorded as dissolved. Its focus areas include Lending, Diversified Lending and Non-Banking Finance. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Olety Finance a diversified non-banking financial institution specializing in lending services, focusing on offering financial products and advice, facilitating loans and financing, diversified lending, and non-banking finance. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Bengaluru, India
- Founders Santosh Olety
- SectorsFinancial Services
- Website oletyfinance.com
- Legal Name Olety Finance Private Limited
- Date of Incorporation 02 Feb, 1996
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹24.2 Lakh
FY 2024 · -49% YoY
- Net Profit₹14,000
FY 2024 · 1% margin
- EBITDA₹4.2 Lakh
FY 2024 · 17% margin
Associated legal entities of Olety Finance
Olety Finance operates through Olety Finance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Olety Finance Private Limited CIN U85110KA1996PTC019734 | Active | 02 Feb 1996 | Bangalore, Karnataka | ₹0.2 Cr | 4 | View details |
Board of directors of Olety Finance Private Limited (Olety Finance)
Olety Finance Private Limited is the primary company behind Olety Finance. The board of Olety Finance Private Limited currently have 4 directors; the longest-serving is Olety Venkataram Santoshkumar, appointed in 1996.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Olety Venkataram Santoshkumar DIN 01910989 | Managing Director | 02 Feb 1996 | 30 yrs 9 mo | Olety Finance Private Limited |
| Arathi Santosh DIN 01910969 | Whole-time director | 02 Feb 1996 | 30 yrs 9 mo | Olety Finance Private Limited |
| Kumaran Sampath DIN 08165383 | Director | 06 Jul 2018 | 8 yrs 4 mo | Olety Finance Private Limited |
| Anandkumar Ostwal DIN 02836765 | Additional Director | 18 Mar 2025 | 1 yr 7 mo | Olety Finance Private Limited |
People of Olety Finance
1 people are tracked at Olety Finance (1 in leadership).
| Name | Role | Group |
|---|---|---|
Santosh Olety | Founder, Managing Director | Leadership |
Complete people profiles for Olety Finance
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Financials of Olety Finance
Figures of Olety Finance Private Limited, the primary company behind Olety Finance, for FY 2024. Revenue was ₹24.2 Lakh (-49% year on year). Net profit was ₹14,000 (1% margin). EBITDA was ₹4.2 Lakh (17% margin). Revenue has grown at a compounded annual rate of -16% over three years and -5% over five years.
- ₹24.2 LakhRevenue · FY 2024 · -49% YoY
- ₹14,000Net profit · 1% margin
- ₹4.2 LakhEBITDA · 17% margin
- ₹5.00 CrPaid-up capital
- -16%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Olety Finance Private Limited are on its company page.
Detailed financial statements for Olety Finance
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- Statement rows
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- Downloads
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Similar companies to Olety Finance
Olety Finance has 3 listed similar companies in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. |
Detailed similar companies of Olety Finance
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Top companies in Alternative Lending
3 companies that operate in the same segment as Olety Finance (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Frequently Asked Questions about Olety Finance
Olety Finance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Olety Finance, Olety Finance Private Limited, reported revenue of ₹24.2 Lakh for FY 2024, down 49% year on year.
Olety Finance a diversified non-banking financial institution specializing in lending services, focusing on offering financial products and advice, facilitating loans and financing, diversified lending, and non-banking finance. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Olety Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Olety Finance operates through Olety Finance Private Limited.
The legal entities of Olety Finance currently have 4 directors, including Kumaran Sampath, Olety Venkataram Santoshkumar, Arathi Santosh and others.