What we do Olectra Greentech Ltd manufactures electric buses, electric trucks, and composite polymer insulators, serving the growing clean mobility and electrical infrastructure sectors in India. |
Founded in 2,000 |
Market share One of India's largest electric bus manufacturers with strong market presence and a substantial order book. |
Problem solved Provides eco-friendly public transportation solutions by reducing CO2 emissions while supplying high-quality electrical insulators for power infrastructure. |
Top clients or who we serve Key customers include State Transport Units across India; primarily B2B serving government and commercial fleet operators. |
Key management Mr. P V Krishna Reddy (Chairman), Mr. P. Rajesh Reddy (Whole-Time Director), supported by professional executive leadership. |
Our journey and innovations Established in 2000, introduced India's first homologated electric bus in 2017, and launched state-of-the-art greenfield EV manufacturing plant in 2024. |
Where we operate Operations mainly in India with expanding footprints in various states through government contracts and partnerships. |
Top products or what we offer Electric buses (7m to 12m models), electric tippers, and composite polymer insulators for power transmission. |
Top brands V2 (7m), iX (9m), X2 (12m), CX2 Coach electric buses; E-Tippers launched in 2023; key brands in insulator manufacturing. |
Raw materials needed Composite polymers for insulators; automotive-grade electrical components and batteries for EV manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from large government contracts with recurring tenders; some seasonality due to project execution timelines. |
Our industry position Strong market leadership in electric bus manufacturing with growing dominance in insulators segment and significant government orders. |
Financial highlights FY 2025 consolidated revenue ₹1801.9 crore, net profit ₹139 crore; robust growth with 59% revenue increase year-over-year. |
Geographical revenue split Primarily Indian domestic market with expanding presence across multiple states supporting state transport fleets. |
Order book Order book exceeds 9,400 electric vehicles, underscoring strong future revenue visibility. |
Whats driving growth Rising demand for sustainable public transport, large government EV tenders, and investments in greenfield EV manufacturing facility. |
Our future plans Ramp up greenfield EV factory to 10,000 units/year capacity, expand EV product portfolio, and enter new regional markets. |
Our green promise Reduced over 268,000 tonnes of CO2 emissions via electric vehicle operations, contributing significantly to air pollution control. |
Our people and values Committed workforce with focus on ethical business, diversity, zero tolerance on corruption, and strong corporate governance. |
Key challenges ahead Managing supply chain constraints, competitive bidding environment, and scaling production to meet growing orders. |
Interesting facts First Indian company to develop and approve horizontal line post insulators and 765KV transmission insulators locally. |
Risks and strategy Mitigates regulatory, supply, and financial risks via innovation, diversification, and strong government relationships. |
