Athira Sethu
Kochi, 20 Jan 2026
Ola Electric has named Deepak Rastogi as its new Chief Financial Officer (CFO), replacing Harish Abichandani, who resigned as CFO for personal reasons. This new development takes effect as of January 20, 2026. Abichandani served as the company’s CFO since November 2023 and was instrumental in helping Ola Electric achieve a successful listing in 2024. However, owing to a sales downturn and lost market share, Ola Electric failed to perform up to the mark and had to revise its revenue estimate for FY26 downward.
In his letter of resignation, dated January 19, 2026, Abichandani thanked the whole team as well as the board for the time he spent at Ola Electric. He wished them all continued success but chose not to be a part of the company due to personal reasons. During his tenure, Ola Electric saw a great initial listing in the stock market but could not perform well as their sales declined, as well as their market share.
The new CFO of Ola Electric is Deepak Rastogi, who joins Ola Electric from a real estate firm called Puravankara Ltd., where Rastogi was handling all financial operations of his company. Rastogi’s appointment at Ola Electric is well anticipated since his background in handling financial operations would help Ola Electric overcome its challenging phase financially.
One of the biggest startups in India, Ola Electric, founded by Bhavish Aggarwal, has been facing many challenges in the electric vehicle industry. Nevertheless, although one of the biggest players in this industry, it has been witnessing a slowdown in sales over the past few months. The appointment of a new Chief Financial Officer has come at a time when it is trying to turn around its business.
