scorecardAt least 16 top executives have left Ola in the last two years
  1. Home
  2. business
  3. startups
  4. news
  5. 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 years

At least 16 top executives have left Ola in the last two years
Business6 min read
  • 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.
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

Designation

Joining

Leaving

Varun Dubey

Chief Marketing Officer at Ola Electric

December 2019

May 2022

Arun Sirdeshmukh

Chief Executive Officer at Ola Cars



October 2021

May 2022

Dinesh Radhakrishnan

Chief Technology Officer at Ola

May 2021

May 2022

Sandeep Chowdhury

General Counsel at Ola

February 2021

November 2021

Swayam Saurabh

Chief Financial Officer at Ola

April 2021

February 2022

Gaurav Porwal

Chief Operating Officer at Ola

October 2019

October 2021

Ankit Bhati

co-founder and Chief Technology Officer at ANI Technologies

2010

August 2020

Rohit Munjal

Chief Human Resources Officer at Ola

March 2015

November 2021

Nitin Gupta

Chief Executive Officer at Ola Financial Services

December 2017

August 2020

Sanjiv Saddy

Ola’s senior vice president

December 2019

July 2020

Arun Srinivas

COO and global chief marketing officer

July 2019

September 2020

Sanjay Bhan.

Chief Business Officer at Ola

December 2019

September 2020

Naroo Krishnan

Head of products at Ola Mobility

January 2018

January 2020

Sanjay Kharb

vice president for engineering

February 2017

January 2020

Ankit Jain

Co-founder of Ola Electric

March 2016

March 2019

Anand Shah

Co-founder of Ola Electric

February 2018

October 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.

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.

SEE ALSO
L&T, PNB, Hindalco Industries among stocks to watch out for on May 12
Delhivery IPO: Company review in 10 points before applying for the IPO
Pixel 6a, Pixel Watch, Pixel Buds Pro, Pixel 7 teaser and everything announced at Google I/O 2022

READ MORE ARTICLES ON




Advertisement