Olar Electrical Private Limited
About Olar Electrical Private Limited
Data last updated:
Olar Electrical Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electrical equipment manufacturing segment of the electronics sector. It was incorporated on 04 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2021PTC123091.
The company has an authorised share capital of ₹23 Lakh and a paid-up capital of ₹23 Lakh. It is led by directors Mahendrabhai Prabhudas Prajapati and Kirtikumar Amrutbhai Prajapati.
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 86 Swarnim Industrial Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.52 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹3.41 Lakh (net margin 0.8%) and EBITDA of ₹12.5 Lakh (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years.
As per MCA filings, the company has open charges of ₹80 Lakh on record.
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- Registered AddressB – 86 Swarnim Industrial Park Phase – 2, Indore Highway Bakrol – Bujrang, Ahmedabad, Gujarat, India – 382430
- IndustryElectrnoics, Electrical Equipment, Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Olar Electrical Private Limited
The main business activity of Olar Electrical is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Olar Electrical Private Limited FY 2025 filings available
Olar Electrical Private Limited reported revenue of ₹4.52 Cr (down 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Olar Electrical Private Limited
Revenue fell 18% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 70%. EBITDA rose 104% 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 of Olar Electrical Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹12.5 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.41 Lakh | •••• | •••• | •••• |
| 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 of Olar Electrical Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.8% | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Olar Electrical are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Olar Electrical Private Limited
Olar Electrical Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zynnr Mechatronics Private Limited | ₹4.53 Cr (FY 2023) | •••• | •••• | 22659950.0% | •••• | Gurugram, Haryana, India |
| Inteli Energi Technology Private Limited | ₹4.53 Cr (FY 2025) | •••• | •••• | 76.0% | •••• | Gurugram, Haryana, India |
| Jain Ceramic Colours and Coatings Private Limited | ₹4.53 Cr (FY 2023) | •••• | •••• | 43.0% | •••• | Rani Bazar, Bikaner, Rajasthan, India |
| Probot Infotech Private Limited | ₹4.53 Cr (FY 2024) | •••• | •••• | 211.0% | •••• | Ludhiana, Punjab, India |
| Southern Wind Farms Limited | ₹4.52 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Chennai, Tamil Nadu, India |
| Olar Electrical Private Limited this company | ₹4.52 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Ahmedabad, Gujarat, India |
| Capro Switchgears Company Private Limited | ₹4.52 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| Herco Transformers Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Pune, Maharashtra, India |
| Electro Tech Integrators Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Nashik, Maharashtra, India |
| CPL Energy India Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| Akoni Solar Energy Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 93.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Olar Electrical by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Olar Electrical Private Limited
Olar Electrical has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendrabhai Prabhudas Prajapati | Director | 04 Jun 2021 | 5 Years 4 Months | Current |
| Kirtikumar Amrutbhai Prajapati | Director | 04 Jun 2021 | 5 Years 4 Months | Current |
Charges & Borrowings of Olar Electrical Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jun 2024 | The Kalupur Commercial Co-Operative Bank Limited | ₹80 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Olar Electrical Private Limited
Employment history and EPFO contributions of people linked to Olar Electrical.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Olar Electrical Private Limited
Olar Electrical Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Kirtikumar Amrutbhai Prajapati was appointed as Director on 04 Jun 2021.
Credit Ratings, Litigation & Regulatory Alerts for Olar Electrical Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Olar Electrical Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Olar Electrical Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Olar Electrical Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Olar Electrical Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Olar Electrical Private Limited
Olar Electrical is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electrical equipment, within the electronics industry. It was incorporated on 04 June 2021 (5+ years old) and is registered under CIN U31909GJ2021PTC123091.
Olar Electrical reported revenue of ₹4.52 Cr for FY 2025 (down 18% YoY).
Olar Electrical has 2 current directors:
- Mahendrabhai Prabhudas Prajapati - Director
- Kirtikumar Amrutbhai Prajapati - Director
Olar Electrical reported a net profit of ₹3.41 Lakh (net margin 0.8%) and EBITDA of ₹12.5 Lakh (EBITDA margin 2.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Olar Electrical is 70% over three years. In the latest year (FY 2025) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Olar Electrical is U31909GJ2021PTC123091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Olar Electrical was incorporated on 04 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Olar Electrical by revenue are Zynnr Mechatronics Private Limited, Inteli Energi Technology Private Limited, Jain Ceramic Colours and Coatings Private Limited, Probot Infotech Private Limited, Southern Wind Farms Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Kirtikumar Amrutbhai Prajapati was appointed as Director on 04 Jun 2021. Mahendrabhai Prabhudas Prajapati was appointed as Director on 04 Jun 2021.
The registered office of Olar Electrical is at B – 86 Swarnim Industrial Park Phase – 2, Indore Highway Bakrol – Bujrang, Ahmedabad, Gujarat, India – 382430.
Olar Electrical has an authorised share capital of ₹23 Lakh and a paid-up capital of ₹23 Lakh.