About Olethia Labs Private Limited
Data last updated:
Olethia Labs Private Limited is a foreign private limited company based in Thane, Maharashtra, India, a subsidiary of Priava Group Pty Ltd. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 02 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2015FTC270655. Its GSTIN is 27AACCO2434R1Z1 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹90,000. It is led by directors Pradnya Nikhil Deole and James Riley Hughes.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hiranandani Business Park, Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.82 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹91.82 Lakh (net margin 5.5%) and EBITDA of ₹1.74 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 38% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website olethia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressVo – 365 Wework Zenia 4th Floor Hiranandani Circle, Hiranandani Business Park, Thane, Maharashtra, India – 400607
- IndustryInformation Technology, Computer Programming, Consultancy
- 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
The main business activity of Olethia Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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
Financials of Olethia Labs Private Limited
FY 2025 filings availableOlethia Labs Private Limited reported revenue of ₹16.82 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 8% growth in the latest year. EBITDA rose 12% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | ₹1.74 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹91.82 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 10.3% | |
| Net Profit Margin | 5.5% | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 Olethia Labs are in the company report.
: available in the company report
Board of Directors of Olethia Labs Private Limited
Olethia Labs has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradnya Nikhil Deole Also directs: Momentus Technologies India Private Limited | Director | 18 Dec 2024 | 1 Years 10 Months | Current |
| James Riley Hughes Also directs: Momentus Technologies India Private Limited | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
Peer Comparison
Olethia Labs Private Limited is compared with the companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aes Technologies (India) Private Limited | ₹16.88 Cr (FY 2024) | •••• | •••• | -29.0% | •••• | Coimbatore, Tamil Nadu, India |
| Portall Infosystems Private Limited | ₹16.86 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
| Opendoors Fintech Private Limited | ₹16.86 Cr (FY 2024) | •••• | •••• | -61.0% | •••• | New Delhi, Delhi, India |
| Winspire Solutions Private Limited | ₹16.85 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Boxnsights Software Technologies Private Limited | ₹16.84 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Pune, Maharashtra, India |
| Olethia Labs Private Limited this company | ₹16.82 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Thane, Maharashtra, India |
| Codincity Digital Technologies Private Limited | ₹16.82 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Bangalore, Karnataka, India |
| Cognext Analytics Private Limited | ₹16.82 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Allsight Software India Private Limited | ₹16.82 Cr (FY 2019) | •••• | •••• | 150.0% | •••• | Chennai, Tamil Nadu, India |
| Fervid Pro IT Solutions Private Limited | ₹16.8 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
Peers are the companies nearest to Olethia Labs by revenue, above and below it, in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Olethia Labs Private Limited is audited by Bangad Parjane & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Bangad Parjane & Co. | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Olethia Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Olethia Labs Private Limited has a workforce of 46 employees as of Apr 05, 2024.
: available in the company report
Recent Activity
Olethia Labs Private Limited has 7 board changes on record since 2021: 2 appointments and 5 cessations. The latest: James Riley Hughes was appointed as Director on 01 Apr 2025.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Olethia Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCO2434R1Z1 | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Olethia Labs is an active foreign private limited company based in Thane, Maharashtra, India. The company works in computer programming, within the information technology industry. It was incorporated on 02 December 2015 (11+ years old) and is registered under CIN U74120MH2015FTC270655.
Olethia Labs has 2 current directors:
- Pradnya Nikhil Deole - Director
- James Riley Hughes - Director
The latest financial statements of Olethia Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Olethia Labs is 27AACCO2434R1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Olethia Labs is U74120MH2015FTC270655. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Olethia Labs was incorporated on 02 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Olethia Labs by revenue are Aes Technologies (India) Private Limited, Portall Infosystems Private Limited, Opendoors Fintech Private Limited, Winspire Solutions Private Limited, Boxnsights Software Technologies Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
James Riley Hughes was appointed as Director on 01 Apr 2025. Pradnya Nikhil Deole was appointed as Director on 18 Dec 2024. Bhisham Naraindas Balani ceased to be Director on 17 Dec 2024. Olethia Labs has 7 board changes on record in total.
Olethia Labs can be reached through the website olethia.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Olethia Labs is at Vo – 365 Wework Zenia 4th Floor Hiranandani Circle, Hiranandani Business Park, Thane, Maharashtra, India – 400607.
Olethia Labs operates in the information technology industry, in the computer programming segment.