About Olety Finance Private Limited
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Olety Finance Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 02 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1996PTC019734. Its GSTIN is 29AAACO2034M1ZD (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Olety Venkataram Santoshkumar (Managing Director) and Arathi Santosh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 36 Sajjan Roa Road Vv Puram 1st Floor, Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.23 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹14,000 (net margin 0.6%) and EBITDA of ₹4.19 Lakh (EBITDA margin 17.3%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 5% over five years.
The company is associated with 2 brands: Olety Finance and Refyne. Court records list 31 cases involving the company, including 30 filed by the company and 1 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website oletyfinance.com.
Company details
CIN history
Olety Finance has one previous CIN (Corporate Identification Number): U65910KA1996PTC019734. The current CIN is U85110KA1996PTC019734, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1996PTC019734 | Current |
| U65910KA1996PTC019734 | Previous |
Contact details
Olety Finance Private Limited's registered office is in Bangalore, Karnataka. Its website is oletyfinance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 36 Sajjan Roa Road Vv Puram 1st Floor, Bangalore, Karnataka, India – 560004
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Olety Finance Private Limited, buy the company report.
- 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
Brands
Olety Finance operates two associated brands: Olety Finance and Refyne. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A diversified non-banking financial institution specializing in lending services. | oletyfinance.com | |
| Provider of earned wage access and financial wellness solutions | refyne.co.in |
Business activity
The main business activity of Olety Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Olety Finance Private Limited, buy the company report.
Financials of Olety Finance Private Limited
FY 2024 filings availableOlety Finance Private Limited reported revenue of ₹24.23 Lakh (down 49% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 49% fall in the latest year. EBITDA rose 152% 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 |
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| EBITDA | ₹4.19 Lakh | ||||
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| Net Profit (PAT) | ₹14,000 | ||||
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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 | 17.3% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Olety Finance Private Limited, buy the company report.
Board of directors of Olety Finance Private Limited
Olety Finance has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumaran Sampath Also directs: Eloquent News and Views Private Limited, Aegma Capital Services Private Limited, Aegma Money Mart Private Limited and 2 more | Director | 06 Jul 2018 | 8 Years 4 Months | Current |
| Olety Venkataram Santoshkumar Also directs: Olety Travels Private Limited, Olety Carz Private Limited | Managing Director | 02 Feb 1996 | 30 Years 9 Months | Current |
| Arathi Santosh Also directs: Olety Travels Private Limited, Olety Carz Private Limited | Whole-Time Director | 02 Feb 1996 | 30 Years 9 Months | Current |
| Anandkumar Ostwal | Additional Director | 18 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Olety Finance Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indian Base Metals Co Ltd | ₹24.29 Lakh (FY 2019) | 49.0% | Kolkata, West Bengal, India | |||
| Godavari Leasing and Finance Ltd | ₹24.28 Lakh (FY 2024) | -4.0% | Kolkata, West Bengal, India | |||
| Tower Investment & Trading Co Ltd | ₹24.25 Lakh (FY 2019) | -20.0% | Kolkata, West Bengal, India | |||
| Olety Finance Private Limitedthis company | ₹24.23 Lakh (FY 2024) | ₹14,000 | 0.6% | -49.0% | Bangalore, Karnataka, India | |
| Shakuntalam Portfolio Private Limited | ₹24.21 Lakh (FY 2024) | -1.0% | New Delhi, Delhi, India | |||
| Tiwary Holdings Pvt. Ltd | ₹24.2 Lakh (FY 2025) | -84.0% | Kolkata, West Bengal, India | |||
| Gyan Promoters Pvt.Ltd. | ₹24.16 Lakh (FY 2024) | 29.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Olety Finance Private Limited, buy the company report.
Auditor
Olety Finance Private Limited is audited by SHARMA & PAGARIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMA & PAGARIA | FY 2023 | 008217S |
Shareholding
The shareholding of Olety Finance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Olety Finance Private Limited, buy the company report.
Legal cases
Olety Finance Private Limited has 31 court cases on record: 30 filed by Olety Finance, 1 filed against it. 5 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 1 | 5 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Cashfree Payments India Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Sri. Vinayaka Travels | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Olety Finance 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Olety Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Olety Finance has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACO2034M1ZD | Karnataka | Active | 22 Jan 2020 |
To see the full GST registrations and return filing status of Olety Finance Private Limited, buy the company report.
Recent activity
Olety Finance Private Limited has 4 board changes on record since 1996: 4 appointments. The latest: Anandkumar Ostwal was appointed as Additional Director on 18 Mar 2025.
Frequently asked questions
Olety Finance is an active private limited company based in Bangalore, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 02 February 1996 (30+ years old) and is registered under CIN U85110KA1996PTC019734.
Olety Finance has 4 current directors:
- Olety Venkataram Santoshkumar - Managing Director
- Arathi Santosh - Whole-Time Director
- Kumaran Sampath - Director
- Anandkumar Ostwal - Additional Director
The latest financial statements of Olety Finance on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Olety Finance is 29AAACO2034M1ZD, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Olety Finance is U85110KA1996PTC019734. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Olety Finance has 31 court cases on record: 30 filed by the company and 1 filed against it. 5 are pending. Most are in the district courts.
Olety Finance was incorporated on 02 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Olety Finance by revenue are Indian Base Metals Co Ltd, Godavari Leasing and Finance Ltd, Tower Investment & Trading Co Ltd, Shakuntalam Portfolio Private Limited, Tiwary Holdings Pvt. Ltd and 1 more, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Anandkumar Ostwal was appointed as Additional Director on 18 Mar 2025. Kumaran Sampath was appointed as Director on 06 Jul 2018. Arathi Santosh was appointed as Whole-Time Director on 02 Feb 1996. Olety Finance has 4 board changes on record in total.
Olety Finance can be reached through the website oletyfinance.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Olety Finance is at No. 36 Sajjan Roa Road Vv Puram 1st Floor, Bangalore, Karnataka, India – 560004.
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