Ola Financial Services Private Limited - Company Profile

It is a financial services private limited company based in Bangalore South, Karnataka, India, established in 2007.

2007 Bangalore South, Karnataka, India Active

Last Updated: January 05, 2026

About Ola Financial Services Private Limited

Ola Financial Services Private Limited, a active private limited company, was established on 24 February 2007 in Bangalore South, Karnataka, India. Engaging in digital payment solutions within the information and communication sector, it holds CIN: U22219KA2007PTC127705. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹4.93 Cr and a paid-up capital of ₹4.21 Cr.

Formerly known as Zipcash Card Services Private Limited. It upholds a compliant status. Employing 125 professional, Its leadership includes Harish Abichandani (Director), Bhavish Aggarwal (Director), Arun Sarin (Director). Past directors included Gaurav Porwal, Hemant Kaul, Mitesh Jitendra Shah. It holds ₹79.76 Cr open charges and no settled loans. Its latest AGM occurred on 26 September 2024, with the balance sheet filed on 31 March 2024. It is based at Ola Campus, C Wing, Prestige Rmz Startech, Kormangala, Bangalore South, Karnataka, 560095.

Company Details

CIN/LLPIN
U22219KA2007PTC127705
Registration Number
127705
Incorporation Date
24 February 2007
Authorized Capital
₹4.93 Cr
Paid-Up Capital
₹4.21 Cr
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 4.93 Cr as on 05-01-2026
Paid Up Capital ₹ 4.21 Cr as on 05-01-2026
Company Age 18 Year, 11 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 79.76 Cr as on 05-01-2026
Revenue Growth **** -21.10% (FY 2023)
Profit Growth **** -729.49% (FY 2023)
Ebitda **** -123960.00% (FY 2023)
Net Worth -22.00% (FY 2023)
Total Assets **** 9.18% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Ola Financial Services Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Ola Financial Services Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Harish Abichandani	Director	14 Feb 2024	Current
Bhavish Aggarwal	Director	03 Feb 2020	Current
Arun Sarin	Director	03 Feb 2020	Current
Krishnamurthy Venugopala Tenneti	Director	03 Feb 2020	Current
Ankush Aggarwal	Director	13 Jun 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	21 Feb 2022	Past
Pramod Abcsdd	Additional Director	24 Nov 2020	Past
Pramod Abcsdd	Director	08 Dec 2016	Past
Pramod Abcsdd	Additional Director	27 Sep 2019	Past
Pramod Abcsdd	Additional Director	24 Nov 2020	Past
Pramod Abcsdd	Director	05 Jun 2015	Past

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Financial Performance of Ola Financial Services.

Ola Financial Services Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 21.1% decrease. The company also saw a substantial fall in profitability, with a 729.49% decrease in profit. The company's net worth observed a substantial decline by a decrease of 22%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-21.10%

*******

Revenue from Operations

*******

-22.23%

*******

Total Assets

*******

9.18%

*******

Profit or Loss

*******

-729.49%

*******

Net Worth

*******

-22.00%

*******

EBITDA

*******

-123960.00%

*******

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What is the Ownership and Shareholding Structure of Ola Financial Services?

In 2023, Ola Financial Services had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹797,628,953.13

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Others : 79.76 Cr

Latest Charge Details

Date	Lender	Amount	Status
24 Dec 2014	Others	₹79.76 Cr	Open

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How Many Employees Work at Ola Financial Services?

Ola Financial Services has a workforce of 125 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Ola Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ola Financial Services's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Ola Financial Services

Recent Activity within the Organization

Annual General Meeting

Progress on Ola Financial Services Private Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records. was documented.
26 Sep 2024
Balance Sheet

Ola Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was recorded as a recent event.
31 Mar 2024
Director Appointment

The activity Harish Abichandani was appointed as a Director was appointed as a Director on 14 Feb 2024 & has been associated with this company since 2 years 3 days . was completed.
14 Feb 2024
Charges

A charge with Others of Rs. 79.76 Cr registered on 24 Dec 2014 with Charge ID 10540680 was modified on 03 Jan 2023. was recorded as a recent event.
03 Jan 2023
Director Appointment

Progress on Ankush Aggarwal was appointed as a Director was appointed as a Director on 13 Jun 2022 & has been associated with this company since 3 years 8 months . was documented.
13 Jun 2022
Director Appointment

The activity Bhavish Aggarwal was appointed as a Director was appointed as a Director on 03 Feb 2020 & has been associated with this company since 6 years 14 days . was completed.
03 Feb 2020

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