Olectra Greentec Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Olectra Greentec?

Olectra Greentech Limited, a leading manufacturer of electric buses in India, is focused on developing and deploying electric vehicles to promote sustainable transportation solutions. Here are the Products and Services offered:

Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery 

  • Urban Electric Buses: Olectra produces various models of electric buses designed for urban transportation, including the eBuzz K6, eBuzz K7, and eBuzz K9. These buses are known for their zero-emission, quiet operation, and efficiency, providing a green alternative for city transit systems.
  • Inter-city Electric Buses: The company has also introduced inter-city electric buses such as the eBuzz K10 and C9, catering to longer routes with higher passenger capacity and comfort.
  • Tarmac Electric Buses: Olectra has specialized electric buses designed for airport tarmac operations, enhancing the sustainability of airport ground transport.
  • Battery Management Solutions: The company offers advanced battery management systems to ensure the optimal performance and longevity of the electric buses' batteries, which are crucial for their efficient operation.
  • Charging Infrastructure: Olectra provides comprehensive charging infrastructure solutions, including fast chargers and battery swapping stations, to support the deployment and operation of electric buses.

Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education 

Collaborations: Olectra has entered into strategic collaborations, such as with BYD Auto Industry Co., Ltd, to leverage advanced technology and expand its product offerings in the electric vehicle market.

Question 2: Who are the promoters of Olectra Greentec?

Olectra Greentec Limited, a leading electric bus manufacturer in India, is primarily promoted by MEIL Group (Megha Engineering and Infrastructures Limited). The MEIL Group is a diversified conglomerate involved in various infrastructure projects, including power, water, irrigation, and transportation. The key management members of Olectra Greentec include:

1. K V Pradeep - Chairman and Managing Director

  • Pradeep is instrumental in steering the company towards becoming a significant player in the electric vehicle segment in India. He has extensive experience in managing large-scale projects and implementing strategic initiatives.

2. N Naga Satyam - Executive Director

  • Satyam plays a crucial role in the operational and strategic planning of Olectra Greentec. His leadership has been pivotal in expanding the company’s footprint in the electric bus market.

3. K R K Prasad - Chief Financial Officer

  • Prasad oversees the financial operations of the company, ensuring robust financial health and compliance with regulatory standards.

4. G Surender - Chief Operating Officer

  • Surender is responsible for managing the day-to-day operations and ensuring the efficient functioning of manufacturing units and other operational aspects.

Also Read: Trident Techlabs Company Profile: Products, Promoters and Clients

Question 3: Who are the clients of Olectra Greentec?

Olectra Greentech serves several key clients, mainly focusing on public transportation and government projects. Notable clients include:

  1. Pune Mahanagar Parivahan Mahamandal Ltd (PMPML): 150 electric buses for public transport in Pune.
  2. Uttarakhand Transport Corporation: 30 electric buses for Dehradun.
  3. Surat Municipal Corporation: 150 electric buses for public transport in Surat.
  4. Silvassa Transport Department: 25 electric buses.
  5. Nagpur Municipal Corporation: Electric buses exclusively for women passengers.
  6. Brihanmumbai Electric Supply and Transport (BEST): 40 electric buses.
  7. Hyderabad Metropolitan Transport Corporation (HMTC): Over 100 electric buses

Also Read: Tata Motors Company Profile: Products, Promoters and Clients