At a Glance
- Legal name
- ANI Technologies Private Limited
- Registry number
- U72900KA2010PTC052727 · verify
- Jurisdiction
- India
- Ownership
- private
- Employees
- 1000+
- Revenue (est.)
- $500M-$1B
- Headquarters
- Regent Insignia, #414, 3rd Floor, 4th Block, 17th Main, 100 Feet Road, Koramangala, Bangalore 560034, Karnataka, India
Ola Cabs is India's homegrown ride-hailing platform, operating across more than 250 Indian cities alongside international presence in the UK, Australia, and New Zealand (at peak footprint).
Ola Cabs is India's homegrown ride-hailing platform, operating across more than 250 Indian cities alongside international presence in the UK, Australia, and New Zealand (at peak footprint). Founded in Mumbai in 2010 by Bhavish Aggarwal and Ankit Bhati, the company relocated its headquarters to Bangalore's Koramangala in the early 2010s and has remained Bangalore-centric ever since.
The legal parent is ANI Technologies Private Limited, an Indian Pvt Ltd registered with the MCA in Karnataka. Ola operates a portfolio of mobility and adjacent businesses: Ola Cabs (ride-hailing), Ola Electric (separately listed EV subsidiary), Ola Financial Services, and Ola Foods / Ola Dash (food and quick-commerce, scaled down). The company achieved unicorn status in 2014 and reached a peak private valuation of roughly US$7.3 billion in its Series J round in 2021.
Ola has taken Series J funding from SoftBank, Tiger Global, Temasek, Warburg Pincus, and others, remaining private while its sister entity Ola Electric (Ola Electric Mobility Limited) listed on NSE and BSE in August 2024. Unlike Flipkart or pre-flip PhonePe, ANI Technologies is India-domiciled - a structural choice that positioned Ola for an eventual Indian IPO without a reverse-flip tax bill.
- 1
Capital markets path
Ola is an instructive case in Indian corporate structure because it has been through multiple structural inflection points: India-first incorporation, aggressive international expansion, a pandemic-driven retrenchment, and a spin-off (Ola Electric) that IPO'd ahead of the parent.
- 2
Tax strategy
**India-domiciled from day one.** ANI Technologies Private Limited was incorporated in Karnataka in 2010. When SoftBank, Tiger, Temasek, and others came in, they invested directly into the Indian Pvt Ltd via CCPS under the automatic FDI route. Like Swiggy, Ola never established a Singapore or Delaware parent. This meant that when peers like PhonePe and Razorpay faced reverse-flip tax bills in 2023, Ola had no such obligation.
- 3
Capital markets path
**Spinning off Ola Electric.** Ola Electric Mobility Limited was carved out as a separate Indian Pvt Ltd (later converted to Public Ltd) to house the electric-vehicle manufacturing business. This matters structurally because it allowed a focused IPO on NSE/BSE in August 2024 - with its own cap table, its own SEBI DRHP process, and its own listing peers (Tata Motors, Mahindra & Mahindra) - while the parent ANI Technologies remains private with the ride-hailing and financial-services businesses. The demerger mechanics used the NCLT-approved scheme-of-arrangement route under Sections 230-232 of the Companies Act.
- 4
Capital markets path
**The Ola Electric IPO set a template.** Ola Electric priced its IPO at INR 72-76 per share in August 2024, raising roughly INR 6,145 crore at a valuation of around US$4 billion. It was one of the first pure-play Indian EV IPOs, and its listing performance (strong first-day gains, subsequent volatility) provided data points for other mobility and battery companies considering Indian listings. For Indian founders, the lesson is that SEBI will accept pre-profitability capital-intensive businesses on the main board, but the book-building needs deep anchor investor commitment and a clear path to EBITDA.
Key People
Bhavish Aggarwal
Founder
From Wikidata
Corporate Timeline
- Dec 2010Incorporation
Ola Cabs founded
Founded in 2010 by Bhavish Aggarwal.
Replicate Ola Cabs's structure in 4 steps
The formation playbook, distilled from how this company was actually set up.
UK incorporation
Incorporate the Indian Pvt Ltd parent under the Companies Act 2013 via MCA SPICe+. Two directors (one Indian-resident), registered office in India.
Estonia e-Residency play
Raise Series A onwards via CCPS under the automatic FDI route. File FC-GPR with RBI within 30 days; file FLA annually.
Capital markets path
For asset-heavy or capital-intensive verticals (manufacturing, EV, finance), incorporate separate Indian Pvt Ltds as subsidiaries of the parent. This lets you allocate targeted capital, hire specialised teams, and prepare for independent IPOs.
Capital markets path
To spin off a subsidiary for IPO, execute a scheme of arrangement under Sections 230-232 of the Companies Act, approved by NCLT. Allocate shares to the existing parent shareholders pro-rata, or carve out and raise fresh capital at the subsidiary level.
Comparable Companies
Recent News & Filings
- Top lawyers demand Ola, Uber bring in dashcams & non-discrimination standards - ThePrintThePrint · 3 Apr 2026
- Quote of the day by Bhavish Aggarwal: ‘The future is not something you predict, it's something…’ - MintMint · 30 Mar 2026
- Ola Group accounts for 90% of Krutrim’s revenue - The Arc WebThe Arc Web · 23 Feb 2026
- Ola Cabs’ CEO Hemant Bakshi Quits, Company to Lay off 10% of its Employees - Analytics India MagazineAnalytics India Magazine · 24 Dec 2025
- One Cook, Too Many Broths: Bhavish Aggarwal's Ola, Krutrim Businesses Suffer - NDTV ProfitNDTV Profit · 23 Dec 2025
Frequently Asked Questions
What is Ola's legal name?
ANI Technologies Private Limited. ANI stands for the initial company identifier from 2010; the Ola brand was established later. This is typical in India where the MCA-registered legal name is locked at incorporation and the consumer brand evolves separately.
Is Ola Electric the same company as Ola Cabs?
No, they are separate Indian legal entities. Ola Cabs operates under ANI Technologies Private Limited (private). Ola Electric operates under Ola Electric Mobility Limited, which IPO'd on NSE and BSE in August 2024. The two companies share founders and brand heritage but have separate cap tables, boards, and regulatory filings.
Why did Ola never establish a Singapore or Delaware parent?
Ola's early investors (Tiger Global, Matrix, SoftBank) were willing to invest directly into the Indian Pvt Ltd via CCPS under the automatic FDI route. Ride-hailing is not in a restricted FDI sector, and FEMA-compliant CCPS gave foreign investors preferred-stock-equivalent economics. India-first saved Ola the nine-figure reverse-flip bill that peers like PhonePe and Razorpay faced in 2023.
What is a scheme of arrangement?
A scheme of arrangement is a court-approved corporate restructuring mechanism under Sections 230-232 of the Companies Act 2013. The National Company Law Tribunal (NCLT) approves mergers, demergers, capital reductions, and spin-offs. Ola used this route to demerge Ola Electric from the parent ANI Technologies. Typical timelines are 6-12 months for NCLT approval.
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