MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0033141
Olety Carz Private Limited
Olety Carz Private Limited - automotive in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹50.29 Lakh
▼ 46% YoY
Net profit · FY 2024
₹2.49 Lakh
Net margin 5%
EBITDA · FY 2024
₹16.19 Lakh
EBITDA margin 32.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹37.7 Lakh
Issued & subscribed
Open charges
₹1.62 Cr
Satisfied ₹1.25 Cr
Company age
27 yrs
Est. 1999
Directors on board
3
As per MCA filings
About Olety Carz Private Limited
Data last updated:
Olety Carz Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 01 December 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U50101KA1999PTC026013. Its GSTIN is 29AAACO3540Q1Z0 (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹37.7 Lakh. It is led by directors including Olety Venkataram Santoshkumar (Managing Director) and Arathi Santosh.
Its last annual general meeting (AGM) was held on 25 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 41 1st Floor Sajjan Rao Road V Puram Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2024, the company reported a revenue of ₹50.29 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹2.49 Lakh (net margin 5%) and EBITDA of ₹16.19 Lakh (EBITDA margin 32.2%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹1.62 Cr and satisfied charges of ₹1.25 Cr on record.
Olety Carz Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0033141). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U50101KA1999PTC026013
Registration Number 026013
Incorporation Date 01 December 1999
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 November 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0033141
Key People
Olety Venkataram Santoshkumar Managing Director Arathi Santosh Director Abhishek Santosh Olety Director Recognitions & Rankings of Olety Carz
Contact details
Olety Carz Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 41 1st Floor Sajjan Rao Road V Puram Bangalore, Karnataka, India – 560004
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Olety Carz Private Limited, buy the company report.
Comprehensive company report
Olety Carz 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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Business activity
The main business activity of Olety Carz is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Olety Carz Private Limited, buy the company report.
Financials of Olety Carz Private Limited
FY 2024 filings availableOlety Carz Private Limited reported revenue of ₹50.29 Lakh (down 46% YoY) for FY 2024.
Revenue · FY 2024
₹50.29 Lakh ▼ 46%
Net profit · FY 2024
₹2.49 Lakh margin 5%
EBITDA · FY 2024
₹16.19 Lakh margin 32.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 46%
3 years · compounded
▲ 16%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 27%
5 years · compounded
▲ 12%
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 8% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹16.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.49 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.2% | ||||
| Net Profit Margin | 5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Olety Carz Private Limited, buy the company report.
Board of directors of Olety Carz Private Limited
Olety Carz has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arathi Santosh Also directs: Olety Travels Private Limited, Olety Finance Private Limited | Director | 01 Dec 1999 | 26 Years 11 Months | Current |
| Olety Venkataram Santoshkumar Also directs: Olety Travels Private Limited, Olety Finance Private Limited | Managing Director | 01 Dec 1999 | 26 Years 11 Months | Current |
| Abhishek Santosh Olety | Director | 08 Oct 2021 | 5 Years 1 Months | Current |
Auditor
Olety Carz Private Limited is audited by SOBHANADRI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SOBHANADRI & CO | FY 2021 | 011788S |
Shareholding
The shareholding of Olety Carz Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Olety Carz Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.62 Cr
Satisfied charges
₹1.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2021 | 100517922 | Axis Bank Limited | ₹82 Lakh | Open | |
| 29 Sep 2020 | 100381131 | Tata Capital Financial Services Limited | ₹15 Lakh | Open | |
| 22 Mar 2017 | 100090574 | Others | ₹65 Lakh | Open | |
| 11 Sep 2008 | 10125774 | Corporation Bank | ₹1.25 Cr | Satisfied |
To see the full charge records of Olety Carz Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Olety Carz Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Olety Carz Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Olety Carz has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACO3540Q1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Olety Carz Private Limited, buy the company report.
Recent activity
Olety Carz Private Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Abhishek Santosh Olety ceased to be Additional Director on 30 Nov 2021.
AGM
Olety Carz Private Limited last Annual general meeting of members was held on 25 Nov 2024 as per latest MCA records.
Filing
Olety Carz Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Axis Bank Limited amounted to Rs. 82.00 Lakh with Charge ID 100517922 was registered on 28 Dec 2021.
Ceased
Abhishek Santosh Olety ceased to be Additional Director.
Appointed
Abhishek Santosh Olety was appointed as Director.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 15.00 Lakh with Charge ID 100381131 was registered on 29 Sep 2020.
Charges
A charge with Others of Rs. 65.00 Lakh registered on 22 Mar 2017 with Charge ID 100090574 was modified on 23 Mar 2017.
Charges
A charge with Others amounted to Rs. 65.00 Lakh with Charge ID 100090574 was registered on 22 Mar 2017.
Charges
A charge registered on 11 Sep 2008 via Charge ID 10125774 with Corporation Bank was fully satisfied on 09 Nov 2009.
Charges
A charge with Corporation Bank amounted to Rs. 125.00 Lakh with Charge ID 10125774 was registered on 11 Sep 2008.
Appointed
Arathi Santosh was appointed as Director.
Appointed
Olety Venkataram Santoshkumar was appointed as Managing Director.
1 earlier event is in the company report.
Frequently asked questions
Olety Carz is an active private limited company based in Bangalore, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 01 December 1999 (27+ years old) and is registered under CIN U50101KA1999PTC026013.
Olety Carz has 3 current directors:
- Olety Venkataram Santoshkumar - Managing Director
- Arathi Santosh - Director
- Abhishek Santosh Olety - Director
The latest financial statements of Olety Carz on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Olety Carz is 29AAACO3540Q1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Olety Carz is U50101KA1999PTC026013. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Olety Carz was incorporated on 01 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Abhishek Santosh Olety ceased to be Additional Director on 30 Nov 2021. Abhishek Santosh Olety was appointed as Director on 08 Oct 2021. Arathi Santosh was appointed as Director on 01 Dec 1999. Olety Carz has 4 board changes on record in total.
Yes, Olety Carz is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0033141).
The registered office of Olety Carz is at No 41 1st Floor Sajjan Rao Road V Puram Bangalore, Karnataka, India – 560004.
Olety Carz operates in the automotive industry, in the auto dealership and trading segment.
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