At least 16 top executives have left Ola in the last two years

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At least 16 top executives have left Ola in the last two years
At least 16 top executives have left Ola in the last two yearsBCCL
  • At least 16 top executives have resigned from Ola in the last two years.
  • These exits have come from different verticals, including Ola Cabs, Ola Cars, Ola Electric and Ola Financial services.
  • Even cofounder Ankit Bhati left Ola in 2020 to start another company with former colleagues.
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Ride hailing giant Ola — run by ANI Technology — has been undergoing a series of high profile exits as it plans to take the public route by the end of this financial year. While the company has blamed some of these exits on “management restructuring”, the cause of others has been largely unknown.

According to Business Insider’s calculations, at least 16 top executives have resigned from Ola in the last two years. These exits have come from different subsidiaries of ANI Technology, including Ola Cabs, Ola Cars, Ola Electric and Ola Financial services.

The latest one to announce his departure is Ola Electric’s Chief Marketing Officer Varun Dubey, who has been associated with Ola since 2019. Dubey has been the face of the company, fielding media queries and criticism around the vehicles produced by Ola Electric.

Ankit Bhati, who founded Ola along with Bhavish Aggarwal in 2010, left the company in 2020. According to media reports, Bhati along with a few other former colleagues is launching a new startup called Amnic, which will be backed by Sequoia Capital.
Name DesignationJoiningLeaving
Varun DubeyChief Marketing Officer at Ola ElectricDecember 2019May 2022
Arun SirdeshmukhChief Executive Officer at Ola CarsOctober 2021May 2022
Dinesh RadhakrishnanChief Technology Officer at OlaMay 2021May 2022
Sandeep ChowdhuryGeneral Counsel at OlaFebruary 2021November 2021
Swayam SaurabhChief Financial Officer at OlaApril 2021February 2022
Gaurav PorwalChief Operating Officer at OlaOctober 2019October 2021
Ankit Bhatico-founder and Chief Technology Officer at ANI Technologies2010August 2020
Rohit MunjalChief Human Resources Officer at OlaMarch 2015November 2021
Nitin GuptaChief Executive Officer at Ola Financial Services December 2017August 2020
Sanjiv SaddyOla’s senior vice presidentDecember 2019July 2020
Arun SrinivasCOO and global chief marketing officer July 2019September 2020
Sanjay Bhan.Chief Business Officer at Ola December 2019September 2020
Naroo KrishnanHead of products at Ola Mobility January 2018January 2020
Sanjay Kharbvice president for engineeringFebruary 2017January 2020
Ankit JainCo-founder of Ola ElectricMarch 2016March 2019
Anand ShahCo-founder of Ola ElectricFebruary 2018October 2019
Source: Media Reports, LinkedIn

That’s not all. ANI Technologies — the parent company of ride hailing giant Ola and e-mobility company Ola Electric — has also laid off about 2,100 employees in the first quarter of 2022. According to a report by Economic Times, Ola has undergone massive restructuring in its quick commerce business, leaving 2,100 contract workers out of jobs. The company has reportedly been scaling down its 200 dark stores as well.
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The company also laid off 1,400 employees in May 2020 due to Covid-19.

Ola’s series of high profile exits and restructuring comes at a time the company has been looking to go for an initial public offering (IPO) by the end of this financial year. The company has already raised over half a billion dollars in its pre-IPO round and is currently valued at $5 billion.

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