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

• 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.

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