Company Intelligence Profile
Ola Electric Mobility Limited
India's largest electric two-wheeler manufacturer, listed on NSE/BSE (Aug 2024), maker of the Ola S1 scooter range and battery cells; still loss-making as of FY2026.
CIN: L74999KA2017PLC099619ActiveRoC-Bangalore (Karnataka)Confidence: high
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Ola Electric Mobility Limited |
|---|---|
| CIN | L74999KA2017PLC099619 |
| PAN | AACCO4289J (source: KnowYourGST / Masters India via GSTIN AACCO4289J structure) |
| Status | Active |
| Listing | Yes — listed on NSE and BSE in August 2024 (ticker OLAELEC); India's biggest IPO of 2024, raising ~$734M (~₹6,146 Cr) at a ~$4.8B listing valuation. |
| Incorporated | 03 February 2017 |
| ROC | RoC-Bangalore (Karnataka) |
| Sector (NIC) | Electric two-wheeler (EV) manufacturing / automobile OEM and battery-cell manufacturing. Specific 4-digit NIC code not obtained; CIN industry token "74999" reflects legacy incorporation classification (business support/other), not current manufacturing activity. |
| Registered address | Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No.140, Koramangala VI Block, Bangalore South, Karnataka 560095 (TheCompanyCheck / Tofler). GST records show 5th & 6th floor, same building, PIN 560034 — minor floor/PIN variance across sources. |
| Authorized capital | ₹8,318.5 Cr (₹83,18,49,98,850) — TheCompanyCheck, Tofler and Falconebiz agree. |
| Paid-up capital | ₹4,628.41 Cr (₹46,28,40,83,130) per TheCompanyCheck and Falconebiz (agree). Tofler shows ₹4,410.8 Cr — source conflict noted (likely different filing date). |
Business Overview
Confirmed- Ola Electric Mobility Limited is a vertically integrated pure-play EV company headquartered in Bengaluru
- It designs and manufactures electric two-wheelers (the Ola S1 scooter family, plus motorcycles) and their core components including battery packs and lithium-ion cells (Ola Gigafactory / Ola Cell Technologies)
- It reports a leading share of India's electric two-wheeler market (company claims ~50% of the electric motorcycle segment in FY26 per Screener context)
- The company was founded by Bhavish Aggarwal (co-founder of Ola/ANI Technologies) and listed in August 2024
- It remains unprofitable amid intense competition and a slower-than-expected path to profitability
Directors & Board
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Bhavish Aggarwal | 03287473 | Managing Director DIN 03287473 | - |
| Arun Sarin | 01384344 | Director DIN 01384344 | - |
| Krishnamurthy Venugopala Tenneti | 01338477 | Director DIN 01338477 | - |
| Shradha Sharma | 03557496 | Director DIN 03557496 | - |
| Manoj Kumar Kohli | 00162071 | Director DIN 00162071 | - |
| Navalur Dattatreya Singh Shashank | 02237496 | Director DIN 02237496, appt. 28 Feb 2026, TheCompanyCheck + Falconebiz. Partial/single-source: Ananth Sankaranarayanan; Director DIN 07527676, Tofler only | 28 Feb 2026 |
| Deepak Rastogi | 02317869 | CFO DIN 02317869, Falconebiz only, appt. 20 Jan 2026. | 20 Jan 2026 |
GST & PAN
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AACCO4289J1ZW | Karnataka | AACCO4289J (source: KnowYourGST / Masters India via GSTIN AACCO4289J structure) | Active |
| 21AACCO4289J1ZC | Odisha | AACCO4289J (source: KnowYourGST / Masters India via GSTIN AACCO4289J structure) | - |
| 04AACCO4289J1Z8 | Chandigarh | AACCO4289J (source: KnowYourGST / Masters India via GSTIN AACCO4289J structure) | - |
| 29AADCO3578R1ZH | Karnataka | AACCO4289J (source: KnowYourGST / Masters India via GSTIN AACCO4289J structure) | - |
Primary GSTIN: 29AACCO4289J1ZW (Karnataka — home state), status Active, taxpayer type Regular, GST registration date 11 July 2017. PAN: AACCO4289J. Number of registrations: ~24 GSTINs across Indian states (KnowYourGST). Other confirmed state examples: 21AACCO4289J1ZC (Odisha), 04AACCO4289J1Z8 (Chandigarh). Do not confuse with subsidiary Ola Electric Technologies Pvt Ltd (PAN AADCO3578R, GSTIN 29AADCO3578R1ZH) — separate entity.
Financials
Partial / conflicting- Latest audited — CONSOLIDATED, FY ending March 2026 (Screener): Revenue/Sales ₹2,253 Cr
- Operating Profit ₹(972) Cr (negative)
- PAT ₹(1,833) Cr (net loss)
- Net Worth ₹3,351 Cr
- Total Borrowings ₹2,763 Cr
- Total Assets ₹7,788 Cr. EBITDA not separately disclosed (company operating-loss making)
- Market cap ~₹17,255 Cr
- price ~₹37.3
- book value ~₹7.60/share (Jun 2026)
- Standalone figures not separately obtained
- Single-source (Screener) — treat as partial pending cross-check with audited annual report
Funding & IPO
Confirmed- Pre-IPO: ~$1B raised over ~14 rounds from ~67 investors incl
- SoftBank (first invested Jul 2019, Series B), Temasek (first invested Sep 2021, Series C), Tiger Global, State Bank of India
- Sep 2023: ~$385M (₹3,200 Cr) round (Temasek, SBI)
- a Temasek-led $140M tranche pegged valuation at $5.4B. IPO (Aug 2024): raised ~$734M (~₹6,146 Cr) — fresh issue ~$657M + OFS ~$77M — at ~$4.8B listing valuation (~25% below last private round)
- (Round names via Tracxn
- amounts via news sources.)
Credit Ratings
Partial / conflicting- ENTITY-CONFUSION CAUTION: publicly reported ICRA ratings are on SUBSIDIARIES, not the listed parent directly
- ICRA (2025): downgraded Ola Electric Technologies Pvt Ltd facilities (~₹1,887 Cr) from 'A (Negative)' to 'BBB+ (Negative)'
- Ola Cell Technologies downgraded to BBB-/A3
- More recent reaffirmation cited at [ICRA]BBB (Negative) / [ICRA]A3+ for Ola Electric Technologies
- No standalone CRISIL or CARE rating for Ola Electric Mobility Limited was found
- Ratings for the listed parent specifically: not obtained
Legal Proceedings
Confirmed- Indian Kanoon shows ~69 matches
- Notable: Ola Electric Mobility Ltd vs Central Consumer Protection Authority (Karnataka HC, WP 34459/2024, order 7 Jan 2025)
- Kushmanda Power Ltd vs Ola Electric Mobility Ltd (Delhi HC, commercial suit, hearings 2025–2026)
- Mihan India Ltd vs Ola Electric Mobility Pvt Ltd (Bombay HC, MCA 09/2023)
- Sathya Sundar P vs Ola Electric Technologies Pvt Ltd (Bangalore District Court, OS 38/2023)
- The CCPA matter relates to consumer-complaint/service regulatory scrutiny
Competitors
ConfirmedTVS Motor Company (iQube), Bajaj Auto (Chetak), Ather Energy, Hero MotoCorp (VIDA), Ampere/Greaves Electric, Okinawa
Frequently Asked Questions
What does Ola Electric Mobility Limited do?
India's largest electric two-wheeler manufacturer, listed on NSE/BSE (Aug 2024), maker of the Ola S1 scooter range and battery cells; still loss-making as of FY2026.
What is the CIN of Ola Electric Mobility Limited?
The Corporate Identification Number (CIN) of Ola Electric Mobility Limited is L74999KA2017PLC099619.
Where is Ola Electric Mobility Limited registered?
Ola Electric Mobility Limited is registered with RoC-Bangalore (Karnataka). Registered address: Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No.140, Koramangala VI Block, Bangalore South, Karnataka 560095 (TheCompanyCheck / Tofler). GST records show 5th & 6th floor, same building, PIN 560034 — minor floor/PIN variance across sources..
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