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Ola Electric Technologies
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Registered Details

OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED

Active

Updated: 15 Oct 2024

Ola Electric Technologies Private Limited, is an unlisted private company incorporated on 06 January, 2021. It is classified as a private limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 6,135.88 cr and the total paid-up capital is INR 1,335.88 cr.

Ola Electric Technologies's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's book networth has decreased by 23.43%.

Industry

Manufacture of motor vehicles, trailers and others

Products

Motor vehicles, trailers, semi trailers and other Transport Vehicles

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

93.32%

₹ 4,999.7

EBITDA

₹ -1,070.2

Net Profit

₹ -1,477.6

Networth

-153.17%

₹ -168.8

Borrowings

2.73%

₹ 1,742.8

Assets

40.0%

₹ 5,066.8

Gross Margin

9.56

12.5 %

Operating Margin

17.84

-21.4 %

Net Profit Margin

24.3

-28.7 %

Return on Equity

- %

ROCE

-96.22

-211.8 %

Debt to Equity

-15.66

-10.3

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (337)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE
LOW CASH BALANCE
CASH DETERIORATING

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Sales	355.2	2,586.3	4,999.7
Operating profit	-576.5	-1,015.2	-1,070.2
Net profit	-630.4	-1,391.5	-1,477.6
Gross margin	-28.4	2.9	12.5
Operating margin	-162.3	-39.2	-21.4
Net margin	-175.5	-53.0	-28.7
Networth	414.7	317.5	-168.8
Borrowings	846.1	1,696.5	1,742.8
Assets	2,164.4	3,619.3	5,066.8
Debt to equity	2.0	5.3	-10.3
Current ratio	0.9	0.8	0.7
ROE	-152.0	-438.2	-
Days payable	262.0	102.0	121.0
WC days	-115.0	-62.0	-102.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Equity Capital	25.9	25.9	25.9
Reserves	388.8	291.6	-194.7
Borrowings +	846.1	1,696.5	1,742.8
Long term borrowings	626.3	758.6	723.1
Short term borrowings	219.8	937.9	1,019.7
Trade payables +	327.5	704.5	1,445.3
Days payable	262.0	102.0	121.0
Other liabilities +	903.6	1,605.3	3,492.8
Other non-current liabilities	4.6	163.0	385.8
Other current liabilities	571.5	737.8	1,661.7
Total liabilities	2,164.4	3,619.3	5,066.8
Fixed Assets +	1,042.6	1,454.5	2,063.2
Tangible assets	742.3	990.0	1,489.4
CWIP	51.0	278.1	189.8
Intangible assets	249.3	186.4	384.1
LT loans and advances	2.4	-	-
Other non-current assets	112.3	223.2	270.7
Current assets +	1,007.1	1,941.6	2,733.0
Inventories	271.2	569.9	690.2
Trade receivables	15.6	81.6	154.6
Cash and cash equivalents	39.4	124.8	43.5
ST loans and advances	3.8	-	-
Other current assets	677.1	1,165.2	1,844.7
Total assets	2,164.4	3,619.3	5,066.8

Percentage of assets	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.2	0.72	0.51
Reserves	17.96	8.06	-3.84
Borrowings +	39.09	46.87	34.4
Long term borrowings	28.94	20.96	14.27
Short term borrowings	10.15	25.91	20.13
Trade payables	15.13	19.46	28.53
Other liabilities +	41.75	44.35	68.94
Other non-current liabilities	0.21	4.5	7.61
Other current liabilities	26.41	20.38	32.8
Total liabilities
Fixed Assets +	48.17	40.19	40.72
Tangible assets	34.29	27.35	29.39
CWIP	2.36	7.68	3.75
Intangible assets	11.52	5.15	7.58
LT loans and advances	0.11	0.0	0.0
Other non-current assets	5.19	6.17	5.34
Current assets +	46.53	53.65	53.94
Inventories	12.53	15.75	13.62
Trade receivables	0.72	2.25	3.05
Cash and cash equivalents	1.82	3.45	0.86
ST loans and advances	0.17	0.0	0.0
Other current assets	31.29	32.2	36.41
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Sales +	355.2	2,586.3	4,999.7
Sales growth %	None	628.04	93.32
Expenses +	989.6	3,880.9	6,616.3
Cost of goods	456.0	2,510.9	4,376.4
Employee cost	178.6	309.1	335.6
Other costs	297.2	781.5	1,357.9
Operating profit +	-576.5	-1,015.2	-1,070.2
Operating margin %	-162.3	-39.2	-21.4
Other income	4.0	39.2	149.3
Interest	24.0	120.6	198.9
Depreciation	33.8	158.9	347.5
Exceptional items	-	-136.1	-10.3
Profit before tax	-630.4	-1,391.5	-1,477.6
Tax	-	-	-
Profit - disc. ops	-	-	-
Net profit	-630.4	-1,391.5	-1,477.6
Net margin %	-175.5	-53.0	-28.7

Precentage of total income	Mar 2022	Mar 2023	Mar 2024
Sales	98.89	98.51	97.1
Expenses +	275.48	147.82	128.5
Cost of goods	126.93	95.63	85.0
Employee cost	49.71	11.77	6.52
Other costs	82.74	29.77	26.37
Operating profit	-160.49	-38.67	-20.78
Other income	1.11	1.49	2.9
Interest	6.69	4.59	3.86
Depreciation	9.42	6.05	6.75
Exceptional items	0.0	-5.18	-0.2
Profit before tax	-175.48	-53.0	-28.7
Tax	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0
Net profit	-175.48	-53.0	-28.7

Revenue from operations

Ratios

	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	2.0	5.3	-10.3
Net Debt/Equity	1.9	5.0	-10.1
Total Debt/Assets	0.4	0.5	0.3
Total Assets/Equity	5.2	11.4	-30.0
Liquidity +
Current Ratio	0.9	0.8	0.7
Quick Ratio	0.7	0.6	0.5
Interest Coverage	-24.0	-8.4	-5.4
Performance
Gross Margin	-28.4	2.9	12.5
Operating Margin	-162.3	-39.2	-21.4
Net Margin	-175.5	-53.0	-28.7
Return +
Return on Equity	-152.0	-438.2	-
Pre-tax ROCE	-65.6	-115.6	-211.8
Return on Assets	-29.1	-38.5	-29.2
Pre-tax ROIC	-50.0	-62.1	-92.6
Efficiency +
Days Payable	262.0	102.0	121.0
Days Inventory	217.0	83.0	58.0
Days Receivable	16.0	12.0	11.0
Fixed Asset Turnover	0.3	1.8	2.4
Total Asset Turnover	0.2	0.7	1.0
Working Capital
Cash Conversion Cycle	-29.0	-7.0	-52.0
Working Capital Days	-115.0	-62.0	-102.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Axis Trustee Services Limited

No. of Loans: 2

Total Amount : 1,661.0 cr

Charge Holder	Amount	Date of creation/modification
Axis Trustee Services Limited	911.0 cr	13 Sep, 2023
Axis Trustee Services Limited	750.0 cr	15 Dec, 2021

Charges

Axis Trustee Services Limited

People

Designation	Name	DIN/PAN	Tenure
Director	Manoj Kumar Kohli	00162071	1 years
Kmp	Ginni Singhal	<HIDDEN>	2 years
Director	Bhavish Aggarwal Shareholder	03287473	4 years
Director	Harish Abichandani	07053519	1 years
Kmp	Nikhil Gupta	<HIDDEN>	1 years
Director	Nikhil Gupta	10373298	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SATCOM BROADBAND EQUIPMENT LIMITED TFR. FROM MUMBAI TO DELHI	Amalgamated	24.9 Cr	1	Delhi
CARNATION ACREAGE PRIVATE LIMITED	Active	1.0 L	1	Haryana
BHARTI BROADBAND LIMITED TFR. FROM MUMBA I TO DELHI	Amalgamated	29.2 Cr	1	Delhi
ELARA CAPITAL (INDIA) PRIVATE LIMITED	Active	73.3 Cr	1	Maharashtra
SUNSURE ENERGY PRIVATE LIMITED	Active	3.9 Cr	1	Haryana
B9 BEVERAGES LIMITED	Active	128.8 Cr	1	Delhi
UNICOMMERCE ESOLUTIONS LIMITED	Active	10.2 Cr	1	Delhi
INBREW BEVERAGES PRIVATE LIMITED	Active	5.3 Cr	1	Delhi
TRIVENI ENGINEERING AND INDUSTRIES LIMITED	Active	21.9 Cr	1	Uttar Pradesh
WEWORK INDIA MANAGEMENT PRIVATE LIMITED	Active	197.3 Cr	1	Karnataka
OLA ELECTRIC MOBILITY LIMITED	Active	4,410.8 Cr	2	Karnataka
UNICOMMERCE ESOLUTIONS LIMITED	Active	10.2 Cr	1	Delhi
KRUTRIM AI DESIGNS LLP	Active	1.0 Cr	1	Karnataka
BA FAMILY OFFICE LLP	Active	1.0 Cr	1	Karnataka
OLA FINANCIAL SERVICES PRIVATE LIMITED	Active	4.2 Cr	2	Karnataka
OLA CELL TECHNOLOGIES PRIVATE LIMITED	Active	1,828.7 Cr	1	Karnataka
KRUTRIM SI DESIGNS PRIVATE LIMITED	Active	306.8 Cr	2	Karnataka
ANI TECHNOLOGIES PRIVATE LIMITED	Active	3.3 Cr	1	Karnataka
BIRDS EYE SYSTEMS PRIVATE LIMITED	Amalgamated	3.4 L	1	Karnataka
BLACK LOTUS TECHNOLOGIES PRIVATE LIMITED	Active	1.7 Cr	1	Karnataka
OLA ELECTRIC CHARGING PRIVATE LIMITED	Active	2.5 Cr	1	Karnataka
OLA FLEET TECHNOLOGIES PRIVATE LIMITED	Active	856.0 Cr	1	Karnataka
OLA STORES TECHNOLOGIES PRIVATE LIMITED	Active	1.0 L	1	Karnataka
PISCES ESERVICES PRIVATE LIMITED	Active	174.4 Cr	1	Karnataka
QWIKCILVER SOLUTIONS PRIVATE LIMITED	Amalgamated	3.0 Cr	1	Delhi

Registered Details

CIN

U34300KA2021PTC142884

PAN

AADCO3578R

Incorporation

2021, 4.3 years

Company Email

companysecretary@olaelectric.com

Paid up Capital

₹ 1,335.9 Cr

Authorised Capital

₹ 6,135.9 Cr

AGM

Nov 2023

Type

Private

Non-government Company

FAQ - OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED

What is the incorporation date of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The incorporation date of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is 06 January, 2021

What is the authorized share capital of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The authorized share capital of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is INR ₹ 6,135.9 Cr.

What is the paid-up capital of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The paid-up capital of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is INR ₹ 1,335.9 Cr.

What is the registered address of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The registered address of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is Ola Campus, Wing C, Prestige RMZ Startech, Hosur Road, Munic ipal Ward No.67, Municipal No. 140, Ind Bangalore South Bangalore Karnataka - 560095

What is the CIN number of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED?

The CIN number of OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED is U34300KA2021PTC142884.

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