About Overdrive Electric Private Limited
Data last updated:
Overdrive Electric Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 12 March 2015.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U31501KA2015PTC079221. Its GSTIN is 29AACCO1201E1Z1 (Karnataka).
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was led by directors Mohit Kumar Mittal and Ramesh Srinivasan.
Its last annual general meeting (AGM) was held on 25 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 508 Esteem Classic Apartments No 147/A Industrial Suburb 1st Stage Rajajinagar, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2023, the company reported a revenue of ₹28 Lakh. For the same year it recorded a net profit of ₹27.54 Lakh (net margin 98.3%) and EBITDA of ₹27.56 Lakh (EBITDA margin 98.4%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 22% over five years.
As per MCA filings, the company had open charges of ₹45 Lakh and satisfied charges of ₹45 Lakh on record.
The last known website on record is overdriveasia.com.
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- Registered Address508 Esteem Classic Apartments No 147/A Industrial Suburb 1st Stage Rajajinagar, Bangalore, Karnataka, India – 560022
- IndustryConsumer Electronics & Durables, Electronics 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
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Financials of Overdrive Electric Private Limited FY 2024 filings available
Overdrive Electric Private Limited reported revenue of ₹28 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR) of Overdrive Electric Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years. 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 Overdrive Electric Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹27.56 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹27.54 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 Overdrive Electric Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 98.3% | •••• | •••• | •••• | •••• |
| 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 Overdrive Electric are in the company report.
Financial statements from 2015
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 Overdrive Electric Private Limited
Overdrive Electric Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alu Dyco Manufacturing Technologies Private Limited | ₹28.33 Lakh (FY 2024) | •••• | •••• | -83.0% | •••• | Coimbatore, Tamil Nadu, India |
| Ziebert Engineering Industries Private Limited | ₹28.25 Lakh (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Intact Appliances Private Limited | ₹28.23 Lakh (FY 2025) | •••• | •••• | -35.0% | •••• | Pune, Maharashtra, India |
| Supercool Home Appliances Private Limited | ₹28.13 Lakh (FY 2024) | •••• | •••• | -22.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Ace Aircon Private Limited | ₹28.13 Lakh (FY 2025) | •••• | •••• | -92.0% | •••• | New Delhi, Delhi, India |
| Overdrive Electric Private Limited this company | ₹28 Lakh (FY 2023) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Woodoo Ventures Private Limited | ₹27.93 Lakh (FY 2024) | •••• | •••• | -19.0% | •••• | Noida, Uttar Pradesh, India |
| Interio Building Solutions Private Limited | ₹27.86 Lakh (FY 2019) | •••• | •••• | 94.0% | •••• | Bangalore, Karnataka, India |
| Sumang Energy Solutions Private Limited | ₹27.69 Lakh (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Swira Technovations Private Limited | ₹27.68 Lakh (FY 2025) | •••• | •••• | 156.0% | •••• | Bangalore, Karnataka, India |
| Inventus Battery Energy Technologies Private Limited | ₹27.5 Lakh (FY 2024) | •••• | •••• | 158.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Overdrive Electric by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Overdrive Electric Private Limited
Overdrive Electric Private Limited is audited by S G S S & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S G S S & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Overdrive Electric Private Limited
Overdrive Electric has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Kumar Mittal | Director | 12 Mar 2015 | 11 Years 7 Months | As last reported |
| Ramesh Srinivasan | Director | 12 Mar 2015 | 11 Years 7 Months | As last reported |
Ownership and Shareholding of Overdrive Electric Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Overdrive Electric Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Oct 2017 | Indian Overseas Bank | ₹45 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Overdrive Electric Private Limited
Employment history and EPFO contributions of people linked to Overdrive Electric.
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 Overdrive Electric Private Limited
Overdrive Electric Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Mohit Kumar Mittal was appointed as Director on 12 Mar 2015.
Credit Ratings, Litigation & Regulatory Alerts for Overdrive Electric 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 Overdrive Electric 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 Overdrive Electric 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 Overdrive Electric Private Limited
Overdrive Electric has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCO1201E1Z1 | Karnataka | Active | 01 Jul 2017 |
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 Overdrive Electric 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 Overdrive Electric Private Limited
Overdrive Electric has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Overdrive Electric was a private limited company based in Bangalore, Karnataka, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 12 March 2015 and is registered under CIN U31501KA2015PTC079221. The company has been struck off by the Registrar of Companies and is no longer operational.
Overdrive Electric had 2 directors:
- Mohit Kumar Mittal - Director
- Ramesh Srinivasan - Director
The CIN (Corporate Identification Number) of Overdrive Electric is U31501KA2015PTC079221. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Overdrive Electric is at 508 Esteem Classic Apartments No 147A Industrial Suburb 1st Stage Rajajinagar, Bangalore, Karnataka, India – 560022.
Overdrive Electric was incorporated on 12 March 2015. It is registered with the Registrar of Companies, Bangalore.
Overdrive Electric can be reached through the website overdriveasia.com. Its registered office is in Bangalore, Karnataka, India.
Overdrive Electric reported revenue of ₹28 Lakh for FY 2023.
Overdrive Electric has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh.
Overdrive Electric reported a net profit of ₹27.54 Lakh (net margin 98.3%) and EBITDA of ₹27.56 Lakh (EBITDA margin 98.4%) for FY 2023, as per its filed financial statements.
The GSTIN of Overdrive Electric is 29AACCO1201E1Z1, registered in Karnataka.