India's Richest People 2026 edition · 1 director · Source: Hurun India
- #551 Bhavish Aggarwal ₹6,100 Cr
Revenue · FY 2025
₹73 Cr
▲ 1739% YoY
Net loss · FY 2025
₹191.8 Cr
Net margin -262.7%
EBITDA · FY 2025
-₹38.76 Cr
EBITDA margin -53.1%
Authorised capital
₹3,401.01 Cr
Registered with MCA
Paid-up capital
₹2,097.85 Cr
Issued & subscribed
Open charges
₹1,910 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Employees · EPFO
358
Provident fund records
About Ola Cell Technologies Private Limited
Data last updated:
Ola Cell Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ola Electric Mobility Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 05 July 2022.
Its director Bhavish Aggarwal is #551 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31900KA2022PTC163344. Its GSTIN is 29AADCO8292L1ZO (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3,401.01 Cr and a paid-up capital of ₹2,097.85 Cr. It is led by directors including Rajiv Tharavanat (Whole-Time Director) and Bhavish Aggarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹73 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹191.8 Cr (net margin -262.7%) and EBITDA of -₹38.76 Cr (EBITDA margin -53.1%).
The company has about 358 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,910 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website olaelectric.com.
Company details
CIN U31900KA2022PTC163344
Registration Number 163344
Incorporation Date 05 July 2022
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ola Electric Mobility Limited
Compliance Status Active Compliant
Recognitions & Rankings of Ola Cell Technologies
Contact details
Ola Cell Technologies Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressOla Campus Wing C Prestige Rmz Startech, Hosur Road Municipal Ward No.67 Municipal No. 140 Industrial Layout, Bangalore, Karnataka, India – 560095
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Ola Cell Technologies Private Limited, buy the company report.
Comprehensive company report
Ola Cell Technologies Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Ola Cell Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ola Cell Technologies Private Limited, buy the company report.
Financials of Ola Cell Technologies Private Limited
FY 2025 filings availableOla Cell Technologies Private Limited reported revenue of ₹73 Cr (up 1739% YoY) for FY 2025.
Revenue · FY 2025
₹73 Cr ▲ 1739%
Net loss · FY 2025
₹191.8 Cr margin -262.7%
EBITDA · FY 2025
-₹38.76 Cr margin -53.1%
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹38.76 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹191.8 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -53.1% | ||
| Net Profit Margin | -262.7% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Ola Cell Technologies Private Limited, buy the company report.
Board of directors of Ola Cell Technologies Private Limited
Ola Cell Technologies has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Tharavanat Also directs: Ola Electric Technologies Private Limited | Whole-Time Director | 19 Dec 2025 | 0 Years 10 Months | Current |
| Bhavish Aggarwal Also directs: Ola Electric Mobility Limited, Ola Financial Services Private Limited, Krutrim Silicon Private Limited and 5 more | Director | 20 Oct 2023 | 3 Years 0 Months | Current |
| Shradha Sharma Also directs: Ola Electric Mobility Limited, Ola Electric Technologies Private Limited, Yourstory Media Private Limited and 1 more | Director | 04 Jul 2025 | 1 Years 4 Months | Current |
| Prabhakar Bapusaheb Patil | Director | 11 Dec 2024 | 1 Years 11 Months | Current |
| Krishnamurthy Venugopala Tenneti Also directs: Bhavishya Lakshmi Ventures LLP, Indegene Limited, Ola Electric Mobility Limited and 5 more | Director | 03 Feb 2024 | 2 Years 9 Months | Current |
Peer comparison
Ola Cell Technologies Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bright Precision Machining Works Private Limited | ₹73.21 Cr (FY 2024) | 21.0% | Pune, Maharashtra, India | |||
| Classique Insulated Conductors Private Limited | ₹73.21 Cr (FY 2025) | 18.0% | Sinnar, Maharashtra, India | |||
| M-Extend India Private Limited | ₹73.17 Cr (FY 2025) | -19.0% | Khed, Maharashtra, India | |||
| Thermolab Scientific Equipments Private Limited | ₹73.1 Cr (FY 2024) | 18.0% | Vasai, Maharashtra, India | |||
| Ionisation Filtration Industries Private Limited | ₹73.04 Cr (FY 2025) | 2.0% | Mulshi, Maharashtra, India | |||
| Ola Cell Technologies Private Limitedthis company | ₹73 Cr (FY 2025) | -₹191.8 Cr | -262.7% | 1739.0% | 358 | Bangalore, Karnataka, India |
| Ramani Precision Machines Private Limited | ₹72.91 Cr (FY 2025) | 67.0% | Mohali, Punjab, India | |||
| Varyaa Renewable Private Limited | ₹72.82 Cr (FY 2025) | -5.0% | Raipur, Chhattisgarh, India | |||
| Savas Engineering Company Private Limited | ₹72.79 Cr (FY 2025) | 123.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Ola Cell Technologies Private Limited, buy the company report.
Auditor
Ola Cell Technologies Private Limited is audited by B S R & Co. Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. Llp | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Ola Cell Technologies Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ola Cell Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,910 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Oct 2023 | 100810729 | Sbicap Trustee Company Limited | ₹1,910 Cr | Open |
To see the full charge records of Ola Cell Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ola Cell Technologies Private Limited has 3 court cases on record: 3 filed by Ola Cell Technologies. All cases are disposed.
Total cases
3
Filed by the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Union of India & Ors. | Disposed |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner of CGST and Central Excise, | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Assistant Commissioner of CGST and Central Excise, | Disposed |
To see the full case history of Ola Cell Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Ola Cell Technologies Private Limited has 3 MSME Form 1 returns on record between 2023 and 2024, listing 59 overdue payments to 31 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| As Per Attachment | |||
| an individual supplier | |||
| Zeppelin Systems India Private Limited | |||
| an individual supplier | |||
| Quatre Agro Enterprises Private Limited |
To see the full MSME payment records of Ola Cell Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ola Cell Technologies Private Limited has a workforce of 358 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
358
Active EPFO establishments
1
Employee growth
-12.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 358 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 |
To see the full employee and EPFO history of Ola Cell Technologies Private Limited, buy the company report.
GST
Ola Cell Technologies has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCO8292L1ZO | Karnataka | Active | 18 Aug 2022 |
| 33AADCO8292L1ZZ | Tamil Nadu | Active | 22 Mar 2023 |
To see the full GST registrations and return filing status of Ola Cell Technologies Private Limited, buy the company report.
Recent activity
Ola Cell Technologies Private Limited has 17 board changes on record since 2022: 7 appointments and 10 cessations. The latest: Deepak Rastogi was appointed as CFO on 20 Jan 2026.
Appointed
Deepak Rastogi was appointed as CFO.
Ceased
Harish Abichandani ceased to be CFO.
Appointed
Rajiv Tharavanat was appointed as Whole-Time Director.
AGM
Ola Cell Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Prabhakar Bapusaheb Patil ceased to be Additional Director.
Ceased
Shradha Sharma ceased to be Additional Director.
Appointed
Shradha Sharma was appointed as Director.
Filing
Ola Cell Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Prabhakar Bapusaheb Patil was appointed as Director.
Ceased
Pramendra Tomar ceased to be Company Secretary.
Ceased
Krishnamurthy Venugopala Tenneti ceased to be Additional Director.
Ceased
Ananth Sankaranarayanan ceased to be Additional Director.
10 earlier events are in the company report.
News
From our blog
Frequently asked questions
Ola Cell Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 05 July 2022 (4+ years old) and is registered under CIN U31900KA2022PTC163344.
Ola Cell Technologies has 5 current directors:
- Rajiv Tharavanat - Whole-Time Director
- Bhavish Aggarwal - Director
- Shradha Sharma - Director
- Prabhakar Bapusaheb Patil - Director
- Krishnamurthy Venugopala Tenneti - Director
The latest financial statements of Ola Cell Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Ola Cell Technologies is 29AADCO8292L1ZO, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AADCO8292L1ZZ (Tamil Nadu).
The CIN (Corporate Identification Number) of Ola Cell Technologies is U31900KA2022PTC163344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ola Cell Technologies has 3 court cases on record: 3 filed by the company.
Ola Cell Technologies was incorporated on 05 July 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ola Cell Technologies by revenue are Bright Precision Machining Works Private Limited, Classique Insulated Conductors Private Limited, M-Extend India Private Limited, Thermolab Scientific Equipments Private Limited, Ionisation Filtration Industries Private Limited and 3 more, all in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Deepak Rastogi was appointed as CFO on 20 Jan 2026. Harish Abichandani ceased to be CFO on 20 Jan 2026. Rajiv Tharavanat was appointed as Whole-Time Director on 19 Dec 2025. Ola Cell Technologies has 17 board changes on record in total.
Ola Cell Technologies has 3 MSME Form 1 returns on record between 2023 and 2024, listing 59 overdue payments to 31 micro and small suppliers. The latest return was filed on 11 May 2024.
Ola Cell Technologies can be reached through the website olaelectric.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ola Cell Technologies is at Ola Campus Wing C Prestige Rmz Startech, Hosur Road Municipal Ward No.67 Municipal No. 140 Industrial Layout, Bangalore, Karnataka, India – 560095.
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