Fortune India 500 2025 edition
Rank#477- Total income
- ₹4,923 Cr
- Profit
- ₹-2,276 Cr
Last year #398
Ola Electric Mobility Limited - electrical in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Active Listed - NSE: OLAELEC · BSE: 544225 Public Limited Company electrical Fortune India 500 · #477 India's Most Valuable · #334 Nifty 500
Market Cap
₹15,966 Cr
OLAELEC · NSE
Share Price
₹29.93
-6.29% today
Revenue
₹2,253 Cr
FY 2025-26 · -50.1% YoY
EBITDA
−₹972 Cr
Margin -43.1%
Net Profit
−₹1,833 Cr
FY 2025-26 · +18.6% YoY
Authorised capital
₹8,721.87 Cr
Registered with MCA
Paid-up capital
₹4,628.41 Cr
Issued & subscribed
Open charges
₹3,340 Cr
Secured borrowings
About Ola Electric Mobility Limited
Data last updated:
Ola Electric Mobility Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the general purpose and special purpose machinery and equipment segment of the electrical equipment sector. It was incorporated on 03 February 2017 and has been in existence for over 9 years.
Ola Electric Mobility is ranked #477 on the Fortune India 500 (2025) and #334 among India's most valuable companies (2025). It is part of the Nifty 500 and BSE 500 indices. 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 L74999KA2017PLC099619. Its GSTIN is 29AACCO4289J1ZW (Karnataka). The company holds 31 GST registrations, of which 30 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544225 and NSE: OLAELEC.
The company has an authorised share capital of ₹8,721.87 Cr and a paid-up capital of ₹4,628.41 Cr. It is led by directors including Bhavish Aggarwal (Managing Director) and Krishnamurthy Venugopala Tenneti.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,253 Cr, a decline of 50.1% compared to the previous year. For the same year it recorded a net loss of ₹1,833 Cr (net margin -81.4%) and EBITDA of -₹972 Cr (EBITDA margin -43.1%). The net worth stands at ₹3,351 Cr (down 34.8% YoY). Total assets are valued at ₹6,341 Cr (down 29.9% YoY).
The company has about 11 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: Ola Electric and Ola Cabs. As per MCA filings, the company has open charges of ₹3,340 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending. The company has 54 deals on record (27 market trades, 11 funding rounds, 10 secondary share transfers), with disclosed funding of ₹9,667.42 Cr; the latest was in September 2026. The company has 10 MSME Form 1 returns on record between 2020 and 2024, listing 414 overdue payments to 64 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website olacabs.com.
Company details
CIN L74999KA2017PLC099619
Registration Number 099619
Incorporation Date 03 February 2017
ROC Bangalore
Listing Status Listed - Listed on NSE (OLAELEC); Listed on BSE (544225)
Company Status Active
Date of Last AGM 22 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Ola Electric Mobility has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999KA2017PLC099619, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74999KA2017PLC099619 | Current |
| U74999KA2017PLC099619 | Previous |
| U74999KA2017PTC099619 | Previous |
Key People
Bhavish Aggarwal Managing Director Krishnamurthy Venugopala Tenneti Director Arun Sarin Director Recognitions & Rankings of Ola Electric Mobility
India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#334- Valuation
- ₹16,130 Cr
2024 #155 2023 #106 2022 #100
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #551 Bhavish Aggarwal ₹6,100 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Ola Electric Mobility Limited's registered office is in Bangalore South, Karnataka. Its website is olacabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWing C Prestige Rmz Startech Hosur Road, Municipal Ward No.67 Municipal No. 140, Bangalore, Karnataka, India – 560095
- IndustryElectrical, General Purpose And Special Purpose Machinery & Equipment, Electrical Equipment, Transport Equipment
To see the full contact details of Ola Electric Mobility Limited, buy the company report.
Comprehensive company report
Ola Electric Mobility 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ola Electric Mobility operates two associated brands: Ola Electric and Ola Cabs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric scooters and motorcycles are manufactured with related accessories. | olaelectric.com | |
| Ride-hailing, electric vehicles, and financial solutions are provided via app. | olacabs.com |
Business activity
The main business activity of Ola Electric Mobility 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 Electric Mobility Limited, buy the company report.
Financials of Ola Electric Mobility Limited
FY 2025-26 filings availableOla Electric Mobility Limited reported revenue of ₹2,253 Cr (down 50.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,253 Cr
-50.1% YoY
EBITDA
−₹972 Cr
+44.8% YoY
Profit After Tax
−₹1,833 Cr
+18.6% YoY
Net Worth
₹3,351 Cr
-34.8% YoY
Total Assets
₹6,341 Cr
-29.9% YoY
Total Debt
₹2,763 Cr
-22.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 2,253 | 4,514 | 5,010 | 2,631 | 373 | 0.86 |
| Revenue growth | -50.1% | -9.9% | +90.4% | +604.6% | - | - |
| EBITDA | (972) | (1,762) | (1,274) | (1,349) | (800) | (284) |
| EBITDA margin | -43.1% | -39.0% | -25.4% | -51.3% | -214.3% | - |
| Profit before tax | (1,829) | (2,276) | (1,584) | (1,472) | (784) | (199) |
| Net profit | (1,833) | (2,252) | (1,598) | (1,397) | (784) | (192) |
| Net profit margin | -81.4% | -49.9% | -31.9% | -53.1% | -209.9% | - |
| EPS (₹) | (4.16) | (5.16) | (8.10) | (7.53) | (4.01) | (1,99,232.00) |
| Balance sheet | ||||||
| Total assets | 6,341 | 9,040 | 4,904 | 4,178 | 4,470 | 2,015 |
| Net worth | 3,351 | 5,143 | 2,019 | 2,356 | 3,661 | 1,971 |
| Total debt | 2,763 | 3,556 | 2,710 | 1,696 | 804 | 42.17 |
| Cash & bank | 1,542 | 3,516 | 1,663 | 1,529 | 2,097 | 1,366 |
| Net working capital | 1,804 | 4,624 | 1,190 | 1,816 | 2,073 | 1,316 |
| Cash flow | ||||||
| Cash from operations | (775) | (2,391) | (633) | (1,507) | (885) | (252) |
| Cash from investing | 2,002 | (2,864) | (1,136) | (319) | (1,322) | 549 |
| Cash from financing | (1,201) | 5,429 | 1,590 | 659 | 3,085 | 3.15 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 455 | 265 | 470 | 690 | 828 | 611 | 1,045 | 1,214 |
| Revenue growth (YoY) | -45.1% | -56.6% | -55.0% | -43.2% | -49.6% | - | - | - |
| Other income | 29.00 | 39.00 | 34.00 | 66.00 | 68.00 | 117 | 127 | 100 |
| EBITDA | (165) | (281) | (271) | (203) | (237) | (695) | (460) | (379) |
| EBITDA margin | -36.3% | -106.0% | -57.7% | -29.4% | -28.6% | -113.7% | -44.0% | -31.2% |
| Depreciation | 127 | 177 | 170 | 172 | 165 | 170 | 138 | 132 |
| Interest | 73.00 | 77.00 | 80.00 | 109 | 94.00 | 122 | 93.00 | 84.00 |
| Profit before tax | (336) | (496) | (487) | (418) | (428) | (870) | (564) | (495) |
| Tax | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (336) | (500) | (487) | (418) | (428) | (870) | (564) | (495) |
| EPS (₹) | (0.75) | (1.13) | (1.10) | (0.95) | (0.97) | (1.97) | (1.28) | (1.20) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2.49 | 3.00 | 82.00 | 170 | 28.13 | 0.87 | 1.79 |
| Revenue growth | -17.0% | -96.3% | -51.8% | +504.9% | +3133.3% | -51.4% | - |
| EBITDA | (99.81) | (137) | (139) | (157) | (301) | (200) | (127) |
| EBITDA margin | -4008.4% | -4566.7% | -169.5% | -92.2% | -1068.5% | - | -7096.7% |
| Profit before tax | (109) | (40.00) | (27.00) | (38.74) | (223) | (104) | (4.50) |
| Net profit | (113) | (40.00) | (27.00) | (38.74) | (223) | (96.80) | (36.42) |
| Net profit margin | -4537.8% | -1333.3% | -32.9% | -22.8% | -791.6% | - | -2034.6% |
| EPS (₹) | (0.26) | (0.09) | (0.14) | (0.20) | (1.14) | (1,03,690.00) | (4,505.10) |
| Balance sheet | |||||||
| Total assets | 11,244 | 11,584 | 6,081 | 4,451 | 4,321 | 2,074 | 2,135 |
| Net worth | 10,922 | 11,017 | 5,673 | 4,448 | 4,320 | 2,069 | 2,130 |
| Total debt | 321 | 566 | 405 | 0.00 | 0.00 | 3.30 | 0.00 |
| Cash & bank | 800 | 1,888 | 1,260 | 1,225 | 1,849 | 1,348 | 2,040 |
| Net working capital | 1,004 | 2,446 | 1,765 | 1,418 | 1,968 | 1,320 | 2,059 |
| Cash flow | |||||||
| Cash from operations | 104 | (116) | (312) | (87.47) | (312) | (184) | (110) |
| Cash from investing | 384 | (5,295) | (1,313) | (1,066) | (1,292) | 468 | (1,760) |
| Cash from financing | (330) | 5,411 | 1,566 | 56.50 | 2,454 | (1.01) | 1,852 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.48 | 0.78 | 0.39 | 0.00 | 0.66 | 0.00 | 1.00 | 1.00 |
| Revenue growth (YoY) | -27.3% | - | -61.0% | -100.0% | -34.0% | - | - | - |
| Other income | 13.64 | 14.70 | 10.72 | 25.00 | 28.56 | 46.97 | 77.00 | 52.00 |
| Total expenses | 1.11 | 48.56 | 23.10 | 14.00 | 15.93 | 77.68 | 20.00 | 39.00 |
| EBITDA | (0.63) | (47.78) | (22.71) | (14.00) | (15.27) | (77.68) | (19.00) | (38.00) |
| EBITDA margin | -131.3% | -6125.6% | -5823.1% | - | -2313.6% | - | -1900.0% | -3800.0% |
| Depreciation | 0.92 | 0.50 | 1.07 | 1.00 | 1.25 | 0.90 | 1.00 | 1.00 |
| Interest | 17.72 | 17.89 | 18.51 | 24.00 | 22.60 | 24.07 | 24.00 | 24.00 |
| Profit before tax | (5.63) | (51.47) | (31.57) | (14.00) | (10.56) | (55.68) | 33.00 | (11.00) |
| Tax | 0.00 | 4.33 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 455 | 265 | 470 | 690 | 828 | 611 | 1,045 | 1,214 |
| Revenue growth (YoY) | -45.1% | -56.6% | -55.0% | -43.2% | -49.6% | - | - | - |
| Other income | 29.00 | 39.00 | 34.00 | 66.00 | 68.00 | 117 | 127 | 100 |
| EBITDA | (165) | (281) | (271) | (203) | (237) | (695) | (460) | (379) |
| EBITDA margin | -36.3% | -106.0% | -57.7% | -29.4% | -28.6% | -113.7% | -44.0% | -31.2% |
| Depreciation | 127 | 177 | 170 | 172 | 165 | 170 | 138 | 132 |
| Interest | 73.00 | 77.00 | 80.00 | 109 | 94.00 | 122 | 93.00 | 84.00 |
| Profit before tax | (336) | (496) | (487) | (418) | (428) | (870) | (564) | (495) |
| Tax | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (336) | (500) | (487) | (418) | (428) | (870) | (564) | (495) |
| EPS (₹) | (0.75) | (1.13) | (1.10) | (0.95) | (0.97) | (1.97) | (1.28) | (1.20) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 2,253 | 4,514 | 5,010 | 2,631 | 373 | 0.86 |
| Revenue growth | -50.1% | -9.9% | +90.4% | +604.6% | - | - |
| Other income | 207 | 418 | 233 | 152 | 82.84 | 105 |
| Total expenses | 3,225 | 6,276 | 6,283 | 3,980 | 1,174 | 285 |
| Employee cost | 0.00 | 463 | 439 | 427 | 282 | 197 |
| EBITDA | (972) | (1,762) | (1,274) | (1,349) | (800) | (284) |
| EBITDA margin | -43.1% | -39.0% | -25.4% | -51.3% | -214.3% | - |
| Depreciation | 684 | 566 | 358 | 167 | 48.98 | 19.62 |
| Interest | 380 | 366 | 187 | 108 | 17.62 | 0.79 |
| Profit before tax | (1,829) | (2,276) | (1,584) | (1,472) | (784) | (199) |
| Tax | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (1,833) | (2,252) | (1,598) | (1,397) | (784) | (192) |
| Net profit margin | -81.4% | -49.9% | -31.9% | -53.1% | -209.9% | - |
| EPS (₹) | (4.16) | (5.16) | (8.10) | (7.53) | (4.01) | (1,99,232.00) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 4,411 | 4,411 | 4,929 | 3,765 | 3,760 | 0.02 |
| Reserves & surplus | (1,060) | 732 | (2,882) | (1,381) | (70.70) | 1,998 |
| Shareholders' funds (net worth) | 3,351 | 5,143 | 2,019 | 2,356 | 3,661 | 1,971 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 2,067 | 2,968 | 2,326 | 1,618 | 744 | 33.85 |
| Unsecured loans | 696 | 588 | 385 | 77.55 | 60.25 | 8.32 |
| Total debt | 2,763 | 3,556 | 2,710 | 1,696 | 804 | 42.17 |
| Total liabilities | 6,341 | 9,040 | 4,904 | 4,178 | 4,470 | 2,015 |
| Assets | ||||||
| Gross block | 4,467 | 4,329 | 3,128 | 1,492 | 1,122 | 125 |
| Net block | 2,781 | 3,154 | 2,491 | 1,219 | 1,025 | 104 |
| Capital work in progress | 1,067 | 702 | 713 | 507 | 83.00 | 42.74 |
| Investments | 0.00 | 40.00 | 63.72 | 276 | 1,102 | 455 |
| Inventories | 269 | 784 | 694 | 584 | 284 | 3.22 |
| Sundry debtors | 31.00 | 9.00 | 158 | 84.25 | 15.22 | 0.38 |
| Cash & bank balances | 1,542 | 3,516 | 1,663 | 1,529 | 2,097 | 1,366 |
| Loans & advances | 1,409 | 2,350 | 1,505 | 1,014 | 603 | 44.77 |
| Total current assets | 3,251 | 6,659 | 4,021 | 3,211 | 2,999 | 1,414 |
| Total current liabilities | 1,447 | 2,035 | 2,831 | 1,395 | 926 | 97.97 |
| Net working capital | 1,804 | 4,624 | 1,190 | 1,816 | 2,073 | 1,316 |
| Total assets | 6,341 | 9,040 | 4,904 | 4,178 | 4,470 | 2,015 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 62.00 | (112) | 67.88 | 1,235 | 357 | 56.89 |
| Net cash from operating activities | (775) | (2,391) | (633) | (1,507) | (885) | (252) |
| Net cash from investing activities | 2,002 | (2,864) | (1,136) | (319) | (1,322) | 549 |
| Net cash from financing activities | (1,201) | 5,429 | 1,590 | 659 | 3,085 | 3.15 |
| Net change in cash | 26.00 | 174 | (179) | (1,167) | 878 | 300 |
| Closing cash | 1,542 | 3,516 | 1,663 | 1,529 | 2,097 | 1,366 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -50.1% | -9.9% | +90.4% | +604.6% | - | - |
| EBITDA growth | +44.8% | -38.4% | +5.6% | -68.5% | -181.8% | - |
| PBT growth | +19.6% | -43.7% | -7.6% | -87.7% | -293.6% | +9997.0% |
| Net income growth | +18.6% | -41.0% | -14.4% | -78.2% | -307.5% | - |
| Revenue CAGR (3Y) | -5.0% | +129.5% | +1699.3% | - | - | - |
| EBITDA CAGR (3Y) | -10.4% | +30.1% | +64.9% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | -81.4% | -50.4% | -31.6% | -56.0% | -210.0% | - |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.87 | 1.01 | 0.42 | 0.15 | 0.02 |
| Long-term debt / equity | - | 0.50 | 0.52 | 0.22 | 0.10 | 0.00 |
| Interest cover | -22.95 | -15.72 | -11.44 | -7.12 | -2.07 | -0.26 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 1.21 | 2.17 | 2.01 | 0.60 | 0.01 |
| Inventory turnover | - | 6.11 | 7.84 | 6.06 | 2.60 | 0.27 |
| Debtors turnover | - | 53.90 | 41.28 | 52.90 | 47.87 | 2.26 |
| EPS (₹) | (4.16) | (5.16) | (8.10) | (7.53) | (4.01) | (1,99,232.00) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 11.66 | (4.74) | 2.94 | 9.64 | 19,98,028.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.48 | 0.78 | 0.39 | 0.00 | 0.66 | 0.00 | 1.00 | 1.00 |
| Revenue growth (YoY) | -27.3% | - | -61.0% | -100.0% | -34.0% | - | - | - |
| Other income | 13.64 | 14.70 | 10.72 | 25.00 | 28.56 | 46.97 | 77.00 | 52.00 |
| Total expenses | 1.11 | 48.56 | 23.10 | 14.00 | 15.93 | 77.68 | 20.00 | 39.00 |
| EBITDA | (0.63) | (47.78) | (22.71) | (14.00) | (15.27) | (77.68) | (19.00) | (38.00) |
| EBITDA margin | -131.3% | -6125.6% | -5823.1% | - | -2313.6% | - | -1900.0% | -3800.0% |
| Depreciation | 0.92 | 0.50 | 1.07 | 1.00 | 1.25 | 0.90 | 1.00 | 1.00 |
| Interest | 17.72 | 17.89 | 18.51 | 24.00 | 22.60 | 24.07 | 24.00 | 24.00 |
| Profit before tax | (5.63) | (51.47) | (31.57) | (14.00) | (10.56) | (55.68) | 33.00 | (11.00) |
| Tax | 0.00 | 4.33 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.49 | 3.00 | 82.00 | 170 | 28.13 | 0.87 | 1.79 |
| Revenue growth | -17.0% | -96.3% | -51.8% | +504.9% | +3133.3% | -51.4% | - |
| Other income | 78.90 | 192 | 120 | 126 | 84.83 | 106 | 129 |
| Total expenses | 102 | 140 | 221 | 327 | 329 | 201 | 129 |
| Employee cost | 0.00 | 14.00 | 64.00 | 110 | 80.34 | 141 | 37.45 |
| EBITDA | (99.81) | (137) | (139) | (157) | (301) | (200) | (127) |
| EBITDA margin | -4008.4% | -4566.7% | -169.5% | -92.2% | -1068.5% | - | -7096.7% |
| Depreciation | 3.11 | 3.00 | 6.00 | 7.40 | 6.98 | 9.40 | 5.76 |
| Interest | 84.64 | 92.00 | 2.00 | 0.10 | 0.18 | 0.44 | 0.51 |
| Profit before tax | (109) | (40.00) | (27.00) | (38.74) | (223) | (104) | (4.50) |
| Tax | 4.33 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (113) | (40.00) | (27.00) | (38.74) | (223) | (96.80) | (36.42) |
| Net profit margin | -4537.8% | -1333.3% | -32.9% | -22.8% | -791.6% | - | -2034.6% |
| EPS (₹) | (0.26) | (0.09) | (0.14) | (0.20) | (1.14) | (1,03,690.00) | (4,505.10) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4,411 | 4,411 | 4,928 | 3,765 | 3,760 | 0.02 | 0.02 |
| Reserves & surplus | 6,511 | 6,606 | 772 | 711 | 588 | 2,096 | 2,157 |
| Shareholders' funds (net worth) | 10,922 | 11,017 | 5,673 | 4,448 | 4,320 | 2,069 | 2,130 |
| Secured loans | 321 | 566 | 405 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.30 | 0.00 |
| Total debt | 321 | 566 | 405 | 0.00 | 0.00 | 3.30 | 0.00 |
| Total liabilities | 11,244 | 11,584 | 6,081 | 4,451 | 4,321 | 2,074 | 2,135 |
| Assets | |||||||
| Gross block | 60.93 | 56.83 | 54.00 | 50.27 | 46.78 | 43.68 | 46.11 |
| Net block | 27.27 | 26.28 | 27.00 | 29.05 | 32.96 | 35.07 | 40.13 |
| Capital work in progress | 10.48 | 4.09 | 118 | 105 | 31.98 | 40.57 | 9.22 |
| Investments | 10,161 | 9,013 | 4,024 | 2,614 | 1,962 | 589 | 20.21 |
| Inventories | 0.30 | 0.23 | 3.00 | 14.13 | 13.06 | 0.00 | 0.00 |
| Sundry debtors | 5.23 | 5.23 | 88.00 | 16.38 | 11.41 | 0.08 | 0.02 |
| Cash & bank balances | 800 | 1,888 | 1,260 | 1,225 | 1,849 | 1,348 | 2,040 |
| Loans & advances | 260 | 612 | 530 | 423 | 246 | 50.21 | 63.38 |
| Total current assets | 1,065 | 2,505 | 1,881 | 1,678 | 2,119 | 1,398 | 2,103 |
| Total current liabilities | 61.19 | 59.76 | 116 | 260 | 151 | 78.03 | 44.17 |
| Net working capital | 1,004 | 2,446 | 1,765 | 1,418 | 1,968 | 1,320 | 2,059 |
| Total assets | 11,244 | 11,584 | 6,081 | 4,451 | 4,321 | 2,074 | 2,135 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 34.31 | 34.56 | 94.00 | 1,191 | 340 | 56.88 | 75.08 |
| Net cash from operating activities | 104 | (116) | (312) | (87.47) | (312) | (184) | (110) |
| Net cash from investing activities | 384 | (5,295) | (1,313) | (1,066) | (1,292) | 468 | (1,760) |
| Net cash from financing activities | (330) | 5,411 | 1,566 | 56.50 | 2,454 | (1.01) | 1,852 |
| Net change in cash | 159 | (0.25) | (59.00) | (1,097) | 851 | 283 | (18.19) |
| Closing cash | 800 | 1,888 | 1,260 | 1,225 | 1,849 | 1,348 | 2,040 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -17.0% | -96.3% | -51.8% | +504.9% | +3133.3% | -51.4% | - |
| EBITDA growth | +27.2% | +1.4% | +11.4% | +47.8% | -50.3% | -57.4% | - |
| PBT growth | -171.7% | -48.2% | +30.3% | +82.6% | -115.0% | -2204.2% | +26.0% |
| Net income growth | -182.5% | -48.2% | +30.3% | +82.6% | -130.0% | -165.8% | - |
| Revenue CAGR (3Y) | -75.5% | -52.6% | +355.1% | +356.4% | +555.2% | - | - |
| EBITDA CAGR (3Y) | -14.0% | -23.0% | -11.4% | +7.3% | +236.8% | +2614.3% | - |
| Profitability & leverage | |||||||
| Net income margin | -4537.8% | -1333.3% | -32.9% | -22.8% | -792.4% | - | -251.4% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.06 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.04 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -82.24 | -65.71 | -1.38 | -0.06 | -0.06 | -0.21 | -0.38 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.05 | 1.57 | 3.51 | 0.62 | 0.02 | 0.05 |
| Inventory turnover | - | 2.00 | 9.57 | 12.52 | 4.31 | 0.00 | 0.00 |
| Debtors turnover | - | 0.06 | 1.57 | 12.25 | 4.90 | 17.40 | 179.00 |
| EPS (₹) | (0.26) | (0.09) | (0.14) | (0.20) | (1.14) | (1,03,690.00) | (4,505.10) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 24.98 | 13.95 | 13.63 | 13.01 | 20,96,010.00 | 21,57,453.90 |
To see the full year-wise statements and ratios of Ola Electric Mobility Limited, buy the company report.
Board of directors of Ola Electric Mobility Limited
Ola Electric Mobility has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnamurthy Venugopala Tenneti Also directs: Bhavishya Lakshmi Ventures LLP, Indegene Limited, Ola Financial Services Private Limited and 5 more | Director | 30 Sep 2020 | 6 Years 0 Months | Current |
| Bhavish Aggarwal Also directs: Ola Electric Technologies Private Limited, Ola Financial Services Private Limited, Krutrim Silicon Private Limited and 5 more | Managing Director | 03 Feb 2017 | 9 Years 8 Months | Current |
| Arun Sarin | Director | 26 Feb 2019 | 7 Years 7 Months | Current |
| Navalur Dattatreya Singh Shashank | Director | 05 Dec 2025 | 0 Years 10 Months | Current |
| Shradha Sharma Also directs: Ola Electric Technologies Private Limited, Ola Cell Technologies Private Limited, Yourstory Media Private Limited and 1 more | Director | 06 Dec 2023 | 2 Years 10 Months | Current |
| Manoj Kumar Kohli Also directs: MK Knowledge LLP, Good Parenting Enterprise LLP, Triveni Engineering and Industries Limited and 5 more | Director | 06 Dec 2023 | 2 Years 10 Months | Current |
Auditor
Ola Electric Mobility Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 33.00%, foreign institutional investors hold 4.10%, domestic institutional investors hold 12.20% and retail and other public shareholders hold 50.70%.
Sep 2026
QUARTER
33.00% Promoters
12.20% DII (Domestic Institutional)
4.10% FII (Foreign Institutional)
50.70% Retail & Others
Promoter holding - history
Now 33.00% · Sep 2026High 36.80% · Dec 2025Low 33.00% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 33.00% | 34.60% | 34.60% | 36.80% |
| Public | 67.00% | 65.40% | 65.40% | 63.20% |
Charges & borrowings
Open charges
₹3,340 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2024 | 100957746 | Others | ₹100 Cr | Open | |
| 14 May 2024 | 100934459 | Others | ₹100 Cr | Open | |
| 28 Mar 2024 | 100967255 | Others | ₹410 Cr | Open | |
| 15 Mar 2024 | 100934341 | Others | ₹410 Cr | Open | |
| 27 Nov 2023 | 100818048 | Sbicap Trustee Company Limited | ₹1,910 Cr | Open |
To see the full charge records of Ola Electric Mobility Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Ola Electric Mobility Limited has 54 deals on record (27 market trades, 11 funding rounds, 10 secondary share transfers), with disclosed funding of ₹9,667.42 Cr; the latest was in September 2026.
Total deals
54
Market trades
27
Funding rounds
11
Secondary share transfers
10
Debt financings
2
Disclosed funding
₹9,667.42 Cr
Deals on record (5 of 54)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹170.75 Cr | Buyer: Jump Trading Financial India Private Limited Seller: Jump Trading Financial India Private Limited |
| Jun 2026 | Market trade | ₹108.22 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Jun 2026 | Market trade | ₹156.88 Cr | Buyer: Jump Trading Financial India Private Limited Seller: Jump Trading Financial India Private Limited |
| Apr 2026 | Market trade | ₹91.21 Cr | Buyer: Jump Trading Financial India Private Limited Seller: Jump Trading Financial India Private Limited |
| Apr 2026 | Market trade | ₹650.7 Cr | Buyer: Jump Trading Financial India Private Limited , Junomoneta Finsol Private Limited , Hrti Private Limited Seller: Jump Trading Financial India Private Limited , Junomoneta Finsol Private Limited , Hrti Private Limited |
To see the full deal history of Ola Electric Mobility Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ola Electric Mobility Limited has 4 court cases on record: 1 filed by Ola Electric Mobility, 3 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Kushmanda Power Ltd. | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Ani Technologies Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed by the company against Central Consumer Protection Authority and 1 other | Disposed |
To see the full case history of Ola Electric Mobility 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 Electric Mobility Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 414 overdue payments to 64 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 64)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| As Per Attachment | |||
| Icon Engineering Works | |||
| an individual supplier | |||
| Awign Enterprises Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Ola Electric Mobility Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ola Electric Mobility has 3 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ola Electric Charging Private Limited | U31200KA2021PTC155790 | |
| Ola Cell Technologies Private Limited | U31900KA2022PTC163344 | |
| Ola Electric Technologies Private Limited | U34300KA2021PTC142884 |
To see the full group structure of Ola Electric Mobility Limited, buy the company report.
Employees & EPFO
Ola Electric Mobility Limited has a workforce of 11 employees on its EPFO records as of Sep 17, 2025, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Employee growth
-45%
GST
Ola Electric Mobility has 31 GST registrations: 30 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
31
Active
30
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCO4289J1ZW | Karnataka | Active | 11 Jul 2017 |
| 29AACCO4289J2ZV | Karnataka | Active | 24 Mar 2022 |
| 27AACCO4289J1Z0 | Maharashtra | Active | 11 Sep 2017 |
| 06AACCO4289J1Z4 | Haryana | Active | 01 Mar 2019 |
To see the full GST registrations and return filing status of Ola Electric Mobility Limited, buy the company report.
Recent activity
Ola Electric Mobility Limited has 32 board changes on record since 2017: 20 appointments and 12 cessations. The latest: Navalur Dattatreya Singh Shashank was appointed as Director on 05 Dec 2025.
Charges
A charge with Others of Rs. 410.00 Cr registered on 28 Mar 2024 with Charge ID 100967255 was modified on 24 Apr 2026.
Filing
Ola Electric Mobility Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Appointed
Navalur Dattatreya Singh Shashank was appointed as Director.
AGM
Ola Electric Mobility Limited last Annual general meeting of members was held on 22 Aug 2025 as per latest MCA records.
Ceased
Pramendra Tomar ceased to be Company Secretary.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 1,910.00 Cr registered on 27 Nov 2023 with Charge ID 100818048 was modified on 21 Jun 2024.
Charges
A charge with Others of Rs. 410.00 Cr registered on 09 Apr 2021 with Charge ID 100453825 was modified on 21 Jun 2024.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100957746 was registered on 06 Jun 2024.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100934459 was registered on 14 May 2024.
Charges
A charge with Others amounted to Rs. 410.00 Cr with Charge ID 100967255 was registered on 28 Mar 2024.
Charges
A charge with Others amounted to Rs. 410.00 Cr with Charge ID 100934341 was registered on 15 Mar 2024.
Ceased
Amit Anchal ceased to be Director.
32 earlier events are in the company report.
News
Ola Electric: Goldman Sachs on Ola Electric Downgrades to Sell, cuts Target Price to ₹23; sees a more challenging path to free cash flow due to high interest costs, cell and E2W capex, and prolonged operating losses. Revenue would need to reach 3.6–7.1x FY26 levels by FY28–30 to cover capex and interest, while battery-business leadership changes add execution risk; cuts FY27–29 revenue estimates by up to 10%.
Ola Electric Warns About Potential Issues With Sales Data After 25,000-Unit Disclosure Under Review.
Ola Electric Mobility: Submits Letter For ₹1,000 Crore Rights Issue At ₹27 Per Share
Ola Electric Mobility: Company's Board Greenlights ₹1,000 Crore Rights Issue At ₹27 Per Share In 2:25 Ratio, Record Date Set For October 13
Ola Electric Mobility: Gets Initial Approval For ₹1,000 Crore Rights Issue, Board To Decide Price And Ratio On October 7
Ola Electric: Promoter Bhavish Aggarwal Commits 4.32% Stake To Support Rights Issue Funding.
From our blog
- Listed New-Age Tech Tracker: Market Cap, Revenue and Profit16 Oct 2026
- Ola Electric in Numbers: Sales, Losses, Shares and Funding29 Sep 2026
- ProjectX's USD 204K Google 'Seed Round', YC and What Filings Show14 Jan 2024
- 5 Indian Startups That Became Career Incubators for Engineers09 Dec 2020
- When Should You Get a Patent in India? Timing, Fees and Deadlines13 Aug 2020
Frequently asked questions
Ola Electric Mobility is an active public limited company based in Bangalore, Karnataka, India. The company works in general purpose and special purpose machinery and equipment, within the electrical industry. It was incorporated on 03 February 2017 (9+ years old) and is registered under CIN L74999KA2017PLC099619. Listed on BSE: 544225 and NSE: OLAELEC.
Ola Electric Mobility reported revenue of ₹2,253 Cr for FY 2025-26 (down 50.1% YoY) based on consolidated financials.
Ola Electric Mobility has 6 current directors:
- Bhavish Aggarwal - Managing Director
- Krishnamurthy Venugopala Tenneti - Director
- Arun Sarin - Director
- Navalur Dattatreya Singh Shashank - Director
- Shradha Sharma - Director
- Manoj Kumar Kohli - Director
The latest financial statements of Ola Electric Mobility on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 August 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Ola Electric Mobility is 29AACCO4289J1ZW, registered in Karnataka. The company has 31 GST registrations in all, of which 30 are active and 1 is cancelled or inactive. Other active GSTINs include 29AACCO4289J2ZV (Karnataka), 27AACCO4289J1Z0 (Maharashtra), 06AACCO4289J1Z4 (Haryana).
The CIN (Corporate Identification Number) of Ola Electric Mobility is L74999KA2017PLC099619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ola Electric Mobility is a listed company as per MCA records. Its shares are listed on both BSE (code: 544225) and NSE (symbol: OLAELEC).
Ola Electric Mobility has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending.
Ola Electric Mobility was incorporated on 03 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Ola Electric Mobility has 54 deals on record (27 market trades, 11 funding rounds, 10 secondary share transfers), with disclosed funding of ₹9,667.42 Cr; the latest was in September 2026.
Navalur Dattatreya Singh Shashank was appointed as Director on 05 Dec 2025. Pramendra Tomar ceased to be Company Secretary on 01 Oct 2024. Amit Anchal ceased to be Director on 07 Dec 2023. Ola Electric Mobility has 32 board changes on record in total.