Ola Electric appoints Deepak Rastogi as CFO, Abichandani steps down
Rastogi brings more than three decades of experience across capital-intensive sectors, including automotive, manufacturing, chemicals, mining, and real estate, the company said.
Ola Electric Mobility Ltd. has appointed veteran finance executive Deepak Rastogi as its new chief financial officer (CFO), while accepting the resignation of incumbent CFO Harish Abichandani, according to a regulatory filing on Monday.
The Bengaluru-based electric vehicle maker said its board approved Rastogi’s appointment as CFO on Tuesday. Abichandani stepped down from the role on Monday, citing personal reasons.
Abichandani joined Ola Electric as CFO in November 2023. Prior to that, he had held multiple senior leadership roles within the Ola group over more than six years, including group chief financial officer, interim chief executive officer of Ola Financial Services, and interim business head for the UK operations.
His earlier roles included finance leadership positions at Flipkart’s logistics arm Ekart and Tata Teleservices.
Rastogi brings more than three decades of experience across capital-intensive sectors such as automotive, manufacturing, chemicals, mining, and real estate, the company said. A chartered accountant and MBA, he has previously served as group CFO or senior finance leader at companies such as Puravankara Group, Deepak Fertilisers & Petrochemicals, and Tata AutoComp Systems.
Ola Electric said Rastogi has led equity transactions worth about $1 billion, including IPOs and cross-border mergers and acquisitions, and has served on the boards of several listed companies.
In an earlier development, Ola Electric said its business head for cell operations, Vishal Chaturvedi, resigned effective at the close of business on December 31.
The company said Chaturvedi, who was designated as senior management personnel, stepped down due to personal commitments.
The company did not announce an immediate successor or outline changes to its cell business following his exit.
The company has also announced steps to expand its technology and service footprint. Ola Electric said it will open up its 4680 Bharat Cell platform to startups and businesses, allowing its battery packs to be used across applications such as automotive, drones, and portable medical equipment.
(Disclaimer: Shradha Sharma, Founder and CEO of YourStory, is an independent director in Ola Electric)