India's Richest People 2026 edition · 1 director · Source: Hurun India
- #551 Bhavish Aggarwal ₹6,100 Cr
Revenue · FY 2025
₹4,719 Cr
▼ 8% YoY
Net loss · FY 2025
₹2,063 Cr
Net margin -43.7%
EBITDA · FY 2025
-₹1,339 Cr
EBITDA margin -28.4%
Authorised capital
₹6,135.88 Cr
Registered with MCA
Paid-up capital
₹5,956.43 Cr
Issued & subscribed
Open charges
₹1,811 Cr
Satisfied ₹295 Cr
Company age
5 yrs
Est. 2021
Employees · EPFO
3,779
Provident fund records
About Ola Electric Technologies Private Limited
Data last updated:
Ola Electric Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ola Electric Mobility Limited. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 06 January 2021 and has been in existence for over 5 years.
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 U34300KA2021PTC142884. Its GSTIN is 29AADCO3578R1ZH (Karnataka). The company holds 35 GST registrations, of which 33 are active.
The company has an authorised share capital of ₹6,135.88 Cr and a paid-up capital of ₹5,956.43 Cr. It is led by directors including Suresh Mutyala (Whole-Time Director) and Manoj Kumar Kohli.
Its last annual general meeting (AGM) was held on 29 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 ₹4,719 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹2,063 Cr (net margin -43.7%) and EBITDA of -₹1,339 Cr (EBITDA margin -28.4%). Revenue has grown at a compounded annual rate (CAGR) of 136% over three years.
The company has about 3,779 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ola Electric. As per MCA filings, the company has open charges of ₹1,811 Cr and satisfied charges of ₹295 Cr on record. Court records list 34 cases involving the company, including 10 filed by the company and 24 filed against it; 25 cases are pending. The company has 4 deals on record (2 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹5,231.32 Cr; the latest was in November 2023. Its 3 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 2 larger and 1 smaller; the largest is Tata Passenger Electric Mobility Limited with revenue of ₹15,247 Cr. The company has 9 MSME Form 1 returns on record between 2022 and 2024, listing 1,249 overdue payments to 252 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 olaelectric.com.
Company details
CIN U34300KA2021PTC142884
Registration Number 142884
Incorporation Date 06 January 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ola Electric Mobility Limited
Compliance Status Active Compliant
Key People
Suresh Mutyala Whole-Time Director Manoj Kumar Kohli Director Rajiv Tharavanat Additional Director Recognitions & Rankings of Ola Electric Technologies
Contact details
Ola Electric Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is olaelectric.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- 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
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Ola Electric Technologies Private Limited, buy the company report.
Comprehensive company report
Ola Electric 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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Brands
Ola Electric Technologies operates one associated brand: Ola Electric. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric scooters and motorcycles are manufactured with related accessories. | olaelectric.com |
Business activity
The main business activity of Ola Electric Technologies is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Ola Electric Technologies Private Limited, buy the company report.
Financials of Ola Electric Technologies Private Limited
FY 2025 filings availableOla Electric Technologies Private Limited reported revenue of ₹4,719 Cr (down 8% YoY) for FY 2025.
Revenue · FY 2025
₹4,719 Cr ▼ 8%
Net loss · FY 2025
₹2,063 Cr margin -43.7%
EBITDA · FY 2025
-₹1,339 Cr margin -28.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 136%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▼ 33%
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 136%. EBITDA fell 44% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹1,339 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2,063 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 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.4% | ||||
| Net Profit Margin | -43.7% | ||||
| 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 Electric Technologies Private Limited, buy the company report.
Board of directors of Ola Electric Technologies Private Limited
Ola Electric Technologies has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar Kohli Also directs: MK Knowledge LLP, Good Parenting Enterprise LLP, Triveni Engineering and Industries Limited and 5 more | Director | 07 Dec 2023 | 2 Years 11 Months | Current |
| Rajiv Tharavanat Also directs: Ola Cell Technologies Private Limited | Additional Director | 04 Dec 2025 | 0 Years 11 Months | Current |
| Bhavish Aggarwal Also directs: Ola Electric Mobility Limited, Krutrim Si Designs Private Limited, Krutrim AI Designs LLP and 5 more | Director | 06 Jan 2021 | 5 Years 10 Months | Current |
| Shradha Sharma Also directs: Ola Electric Mobility Limited, Ola Cell Technologies Private Limited, Yourstory Media Private Limited and 1 more | Director | 04 Jul 2025 | 1 Years 4 Months | Current |
| Deepak Rastogi | Additional Director | 20 Jan 2026 | 0 Years 9 Months | Current |
| Suresh Mutyala | Whole-Time Director | 20 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Ola Electric Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tata Passenger Electric Mobility Limited | ₹15,247 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India | |||
| Byd India Private Limited | ₹10,295 Cr (FY 2025) | 38.0% | Kanchipuram, Tamil Nadu, India | |||
| Ola Electric Technologies Private Limitedthis company | ₹4,719 Cr (FY 2025) | -₹2,063 Cr | -43.7% | -8.0% | 3,779 | Bangalore, Karnataka, India |
| Ather Energy Limited | ₹2,305.2 Cr (FY 2025) | 29.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Ola Electric Technologies Private Limited, buy the company report.
Auditor
Ola Electric Technologies Private 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
The shareholding of Ola Electric Technologies Private Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ola Electric Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,811 Cr
Satisfied charges
₹295 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2025 | 101116843 | Axis Bank Limited | ₹150 Cr | Open | |
| 02 May 2022 | 100573534 | Others | ₹911 Cr | Open | |
| 08 Jul 2021 | 100461932 | Others | ₹750 Cr | Open | |
| 28 Nov 2022 | 100654803 | Yes Bank Limited | ₹145 Cr | Satisfied | |
| 13 Sep 2022 | 100611851 | Axis Bank Limited | ₹100 Cr | Satisfied |
To see the full charge records of Ola Electric Technologies Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Ola Electric Technologies Private Limited has 4 deals on record (2 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹5,231.32 Cr; the latest was in November 2023.
Total deals
4
Convertible or debt financings
2
Rights issue
1
Funding round
1
Disclosed funding
₹5,231.32 Cr
Deals on record (2 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2023 | Funding round · Series A | ₹2,810 Cr | Investors: Ola Electric Mobility Private Limited |
| Apr 2021 | Rights issue | ₹25.87 Cr | Investors: Ola Electric Mobility Private Limited |
To see the full deal history of Ola Electric Technologies Private 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 Technologies Private Limited has 34 court cases on record: 10 filed by Ola Electric Technologies, 24 filed against it. 25 cases are pending and 9 are disposed.
Total cases
34
Filed by the company
10
Filed against the company
24
Pending
25
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 24 | 22 |
| High courts | 4 | 0 | 3 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed by the company against M/S Sterling E-Mobility Solutions Limited | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Seoyon E Hwa Summit Mobility Krishnagiri Pvt Ltd | Pending |
| District court, North, Delhi | Civil suit | Filed against the company | Pending |
| District court, West, Delhi | Civil suit | Filed against the company by an individual | Pending |
| District court, Faridabad, Haryana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Ola Electric 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.
Credit ratings & regulatory alerts
Ola Electric Technologies Private Limited was last rated by Icra on 03 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 03 Nov 2021 |
To see the full credit ratings and regulatory alerts of Ola Electric Technologies Private Limited, buy the company report.
MSME payment delays
Ola Electric Technologies Private Limited has 9 MSME Form 1 returns on record between 2022 and 2024, listing 1,249 overdue payments to 252 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 252)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| As Per Attachment | |||
| Sampark Agents and Builders Private Limited | |||
| Another Idea | |||
| Laxmi Krupa Abrasivess Private Limited | |||
| Drishti-Soft Solutions Private Limited |
To see the full MSME payment records of Ola Electric Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ola Electric Technologies Private Limited has a workforce of 3,779 employees on its EPFO records as of Feb 28, 2025, across 1 active EPFO establishment.
Employee count
3,779
Active EPFO establishments
1
Employee growth
3.65%
GST
Ola Electric Technologies has 35 GST registrations: 33 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
35
Active
33
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCO3578R1ZH | Karnataka | Active | 23 Jun 2021 |
| 29AADCO3578R2ZG | Karnataka | Active | 24 Mar 2022 |
| 33AADCO3578R1ZS | Tamil Nadu | Active | 23 Jan 2021 |
| 01AADCO3578R1ZZ | Jammu and Kashmir | Active | 16 Sep 2021 |
To see the full GST registrations and return filing status of Ola Electric Technologies Private Limited, buy the company report.
Recent activity
Ola Electric Technologies Private Limited has 19 board changes on record since 2021: 9 appointments and 10 cessations. The latest: Deepak Rastogi was appointed as Additional Director on 20 Jan 2026.
Appointed
Deepak Rastogi was appointed as Additional Director.
Appointed
Suresh Mutyala was appointed as Whole-Time Director.
Appointed
Rajiv Tharavanat was appointed as Additional Director.
AGM
Ola Electric Technologies Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Shradha Sharma ceased to be Additional Director.
Ceased
Ajit Vijay Gokhale ceased to be Whole-Time Director.
Appointed
Selvaraj Sambathkumar was appointed as Whole-Time Director.
Ceased
Ginni Singhal ceased to be Company Secretary.
Appointed
Shradha Sharma was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101116843 was registered on 10 Jun 2025.
Appointed
Ajit Vijay Gokhale was appointed as Whole-Time Director.
Ceased
Punit Khandelwal ceased to be CFO.
23 earlier events are in the company report.
News
Frequently asked questions
Ola Electric Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 06 January 2021 (5+ years old) and is registered under CIN U34300KA2021PTC142884.
Ola Electric Technologies has 6 current directors:
- Suresh Mutyala - Whole-Time Director
- Manoj Kumar Kohli - Director
- Rajiv Tharavanat - Additional Director
- Bhavish Aggarwal - Director
- Shradha Sharma - Director
- Deepak Rastogi - Additional Director
The latest financial statements of Ola Electric Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Ola Electric Technologies is 29AADCO3578R1ZH, registered in Karnataka. The company has 35 GST registrations in all, of which 33 are active and 2 are cancelled or inactive. Other active GSTINs include 29AADCO3578R2ZG (Karnataka), 33AADCO3578R1ZS (Tamil Nadu), 01AADCO3578R1ZZ (Jammu and Kashmir).
The CIN (Corporate Identification Number) of Ola Electric Technologies is U34300KA2021PTC142884. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ola Electric Technologies has 34 court cases on record: 10 filed by the company and 24 filed against it. 25 are pending. Most are in the district courts.
Ola Electric Technologies was incorporated on 06 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Ola Electric Technologies has 4 deals on record (2 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹5,231.32 Cr; the latest was in November 2023.
The peers of Ola Electric Technologies by revenue are Tata Passenger Electric Mobility Limited, Byd India Private Limited, Ather Energy Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Deepak Rastogi was appointed as Additional Director on 20 Jan 2026. Suresh Mutyala was appointed as Whole-Time Director on 20 Jan 2026. Rajiv Tharavanat was appointed as Additional Director on 04 Dec 2025. Ola Electric Technologies has 19 board changes on record in total.
Ola Electric Technologies has 9 MSME Form 1 returns on record between 2022 and 2024, listing 1,249 overdue payments to 252 micro and small suppliers. The latest return was filed on 01 May 2024.
Ola Electric Technologies can be reached through the website olaelectric.com. Its registered office is in Bangalore, Karnataka, India.
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