General Company Information

Corporate Identity Number: L34100TG2000PLC035451

Year of Incorporation: 11 October 2000

Paid-up Capital: ₹ 3,283.23 Lakhs

Financial Year Reported: April 1, 2025 - March 31, 2026

Reporting Basis: Standalone

Contact Person: Mr. Mahesh Babu Subramanian (Managing Director, DIN: 08736697), Telephone: 040-46989999, Email: info@olectra.com

Business Activities & Products

Main Business Activities (90% of turnover):

  • Electric Vehicles (Manufacturing, Operations & annual maintenance of Electric Buses and Trucks) - 85.69% of turnover
  • Power Insulators (Manufacturing of Polymer Insulators) - 14.31% of turnover

NIC Codes:

  • Electric Vehicles: 2910
  • Power Insulators: 2610

Operations & Markets

Operational Locations:

  • National: 1 plant, 1 office (Total: 2 locations)
  • International: No plants or offices

Markets Served:

  • E-Vehicles: 13 Indian States
  • Insulators: PAN India
  • Exports: 5.28% of total turnover
  • Export Destinations: United States of America, Malawi, Mozambique, Nepal, Niger, Tanzania, Tunisia

Customer Base:

  • E-Vehicles: State and Central Government bodies across Indian cities including Pune, Hyderabad, Mumbai, Ahmedabad, Silvassa, Nagpur, Surat, Tirupati, Kochi, Kullu, Panjim and Dehradun
  • Insulators: State and Central power utilities, private power generation companies, multinational infrastructure enterprises

Employee Statistics

Total Workforce: 1,830 personnel

Employees:

  • Permanent Employees: 331 (Male: 320, Female: 11)
  • Other than Permanent Employees: 96 (Male: 90, Female: 6)
  • Total Employees: 427 (Male: 410, Female: 17)

Workers:

  • Permanent Workers: 0
  • Other than Permanent Workers: 1,403 (Male: 1,280, Female: 123)
  • Total Workers: 1,403 (Male: 1,280, Female: 123)

Differently Abled: No differently abled employees or workers

Gender Representation:

  • Board of Directors: 7 total, 2 females (29%)
  • Key Management Personnel: 3 total, 0 females (0%)

Turnover Rates (FY 2025-26):

  • Permanent Employees: Male 52%, Female 13%, Total 52%
  • Permanent Workers: 0% (no permanent workers)

Corporate Structure

Holding/Subsidiary/Associate Companies:

1. MEIL Holdings Limited (Holding) - 50.02%

2. Evey Trans (GTC) Private Limited (Subsidiary) - 51.00%

3. Evey Trans (SIL) Private Limited (Associate) - 26.00%

4. Evey Trans (UJJ) Private Limited (Associate) - 34.00%

5. Evey Trans (JAB) Private Limited (Associate) - 26.00%

6. Evey Trans (BLR) Private Limited (Associate) - 26.00%

7. Evey Trans (MHS) Private Limited (Associate) - 26.00%

8. Evey Trans (SMC) Private Limited (Associate) - 26.00%

9. Evey Trans (TEL) Private Limited (Associate) - 26.00%

10. Evey Trans (MAH) Private Limited (Associate) - 26.00%

11. SSISPL OGL BYD consortium (Joint Venture) - 100.00%

CSR Applicability: Yes (Section 135 of Companies Act, 2013)

Turnover: ₹22,74,22,75,345

Net Worth: ₹12,25,73,63,543

Grievance Redressal

Complaints Received (FY 2025-26):

  • Investors: 0 complaints
  • Shareholders: 1 complaint (resolved)
  • Communities: 0 complaints
  • Employees & Workers: 0 complaints
  • Customers: 0 complaints
  • Value Chain Partners: 0 complaints

Grievance Mechanisms:

  • Whistle Blower Policy: https://olectra.com/wp-content/uploads/whistle-blower-policy.pdf
  • Investor Grievances: https://olectra.com/investor-grievances/
  • Stakeholders Relationship Committee constituted under SEBI LODR Regulation 20

Material Responsible Business Conduct Issues

The company identified 8 material sustainability issues:

1. Corporate Governance (Opportunity) - Strong governance ensuring accountability and transparency

2. GHG Emissions (Opportunity) - Transitioning to renewable energy and energy-efficient measures

3. Employee Retention & Wellbeing (Opportunity) - Fostering positive employee relationships

4. Business Conduct & Ethics (Opportunity) - Ethical business practices building stakeholder trust

5. Occupational Health & Safety (Opportunity) - Health initiatives boosting employee morale

6. Waste Management (Opportunity) - Implement Reduce, Reuse, Recycle principles

7. Opportunity in Clean Technology (Opportunity) - R&D in environment-friendly products

Policy Framework

NGRBC Principles Coverage: All 9 principles covered with approved policies

Policy Extension: Policies extend to value chain partners

Certifications: IATF 16949:2016, ISO 9001:2015, ISO 45001, ISO 14001, Safe Place to Work (HRAI), Dream Company to Work National Awards

Governance & Leadership

ESG Oversight: Board of Directors oversees sustainability agenda

Risk Management Committee: Formulates and implements risk management framework including ESG risks

Policy Review: Regular reviews by Board and Risk Management Committee

Principle-wise Performance Disclosure

Principle 1: Ethical, Transparent & Accountable Business

Training Coverage:

  • Board of Directors: 95%
  • Key Managerial Personnel: 100%
  • Other Employees: 80-90%
  • Workers: 80-90%

Penalties/Fines:

  • ₹2,57,87,484 penalty from Telangana Industrial Infrastructure Corporation Limited (TGIIC) for delay in completing Greenfield EV Manufacturing Facility construction (November 12, 2023 to November 11, 2025)
  • No appeal preferred

Anti-Corruption Policies:

  • Code of Ethics & Business Conduct: https://olectra.com/code-of-ethics/
  • Anti-Bribery and Anti-Corruption Policy: https://olectra.com/wp-content/uploads/Anti-Corruption-and-Anti-Bribery-Policy.pdf
  • Zero instances of disciplinary action for bribery/corruption

Accounts Payable: 143 days (FY 2025-26) vs 132 days (FY 2024-25)

Related Party Transactions:

  • Purchases with related parties: 4.4% of total purchases
  • Sales to related parties: 76% of total sales
  • Investments in related parties: 100% of total investments

Principle 2: Sustainable & Safe Goods/Services

R&D Investment: 100% focused on improving environmental and social impacts

Capex Investment: 1.87% focused on environmental improvements

Sustainable Sourcing: Procedures in place, but percentage not quantified

Waste Management Procedures:

  • Plastics: Segregated and handed to authorized recyclers
  • E-waste: No generation from operations
  • Hazardous waste: Collected, segregated, stored and disposed through Pollution Control Board authorized agencies
  • Other waste: Segregated and handed to identified scrap dealers

Extended Producer Responsibility: Registered with CPCB for battery waste management, engaging authorized recyclers for end-of-life batteries

Principle 3: Employee Well-being

Employee Benefits Coverage:

  • Health Insurance: 100% coverage for all employees
  • Accident Insurance: 100% coverage for all employees
  • Maternity Benefits: 100% coverage for female employees
  • Paternity Benefits: 100% coverage for male employees

Retirement Benefits:

  • PF: 97% employees, 95% workers coverage
  • Gratuity: 100% employees and workers coverage
  • ESI: 2% employees, 85% workers coverage

Workplace Accessibility: Accessible to differently abled persons

Equal Opportunity Policy: Human Rights Policy ensures equitable treatment

Training Provided (FY 2025-26):

  • Employees: 86% received health/safety and skill upgradation training
  • Workers: 89% received health/safety training, 85% received skill upgradation training

Occupational Health & Safety:

  • ISO 45001:2018 certified system
  • Zero safety incidents, injuries, or fatalities
  • Comprehensive safety measures including training, audits, and emergency preparedness

Principle 4: Stakeholder Responsiveness

Stakeholder Engagement: Regular engagement with investors, customers, employees, business partners, industry associations, suppliers, and communities

Vulnerable Groups: No identified vulnerable or marginalized stakeholder groups

Principle 5: Human Rights

Human Rights Training: 100% coverage for all employees and workers

Minimum Wage Compliance: 100% employees paid above minimum wage, 99.57% workers paid at minimum wage

Remuneration Details:

  • Board of Directors: ₹675,000 average
  • Key Managerial Personnel: ₹10,464,312 average
  • Other Employees: ₹680,874 average
  • Workers: ₹188,435 average

Gross Wages to Females: 2.08% of total wages

Human Rights Focal Point: HR Department

Zero Complaints: No complaints on sexual harassment, discrimination, child labor, forced labor, or wages

Principle 6: Environmental Protection

Energy Consumption:

  • Total Energy: 29,681 GJ
  • Renewable Energy: 0 GJ
  • Energy Intensity: 0.00000131 GJ/₹ turnover

Water Management:

  • Total Water Withdrawal: 104,251 KL (groundwater)
  • Water Consumption: 104,251 KL
  • Water Intensity: 0.00000458 KL/₹ turnover
  • Zero liquid discharge mechanism not implemented

Air Emissions: Within prescribed CPCB limits for NOx, SOx, and SPM

GHG Emissions:

  • Scope 1: 185.36 tCO2e
  • Scope 2: 5,805.7 tCO2e
  • Total: 5,991.06 tCO2e
  • Intensity: 0.000000263 tCO2e/₹ lakh turnover

Emission Reduction Projects:

  • 1 MW Solar Power System installation
  • HSD to PNG conversion in Paint Oven
  • Smart Bikes for internal movement
  • Electric buses for employee transportation

Waste Management:

  • Total Waste Generated: 1,029 metric tonnes
  • Plastic Waste: 10 metric tonnes
  • Hazardous Waste: 1.715 metric tonnes
  • Non-hazardous Waste: 1,017 metric tonnes
  • Waste Recovered: 623.69 metric tonnes (recycled)
  • Waste Disposed: 405.315 metric tonnes

Environmental Compliance: Compliant with all applicable environmental laws

Principle 7: Responsible Policy Influence

Industry Affiliations: 6 trade associations including Confederation of Indian Industry, Federation of Indian Export Organization, FTCCI

Anti-competitive Conduct: Zero instances or corrective actions

Principle 8: Inclusive Growth

MSME Sourcing: 29% of input material value from MSMEs/small producers

Domestic Sourcing: 85% directly from within India

Job Creation by Location:

  • Rural: 60.37% of wage cost
  • Semi Urban: 35.89% of wage cost
  • Urban: 1.87% of wage cost
  • Metropolitan: 1.88% of wage cost

Principle 9: Responsible Consumer Engagement

Consumer Complaint Mechanism: Structured process through telephone, website, email, and post

Product Information: 85.69% of products carry environmental/social information, 100% carry safe usage information

Consumer Complaints: Zero complaints across all categories including data privacy, advertising, cybersecurity

Product Recalls: Zero voluntary or forced recalls

Cybersecurity Framework: Risk Management Policy includes cybersecurity and data privacy risks

Data Breaches: Zero instances

Certifications & Compliance

Quality Certifications: IATF 16949:2016, ISO 9001:2015

Safety Certifications: ISO 45001:2018

Environmental Certifications: ISO 14001:2015

Awards: Safe Place to Work (HR Association of India), Dream Company to Work National Awards for Excellence