Electric two-wheeler maker Ola Electric Mobility Limited has announced a key leadership change in its finance department, with Deepak Rastogi named as the company’s new Chief Financial Officer (CFO), effective January 20, 2026. Rastogi succeeds Harish Abichandani, who resigned from the role for personal reasons, according to regulatory filings shared with stock exchanges. The appointment was approved by the company’s board at a meeting held on January 19, 2026.
Leadership Transition and Board Actions
In a formal communication, Ola Electric confirmed that Abichandani’s resignation was effective from the close of business on January 19, 2026, and was accepted by the board, which placed on record its appreciation for his contribution during his tenure.
In his resignation letter addressed to founder and CEO Bhavish Aggarwal, Abichandani stated:
“I am hereby submitting my resignation as chief financial officer of Ola Electric Mobility Limited. This decision has been taken due to personal reasons. It has been a wonderful experience to be part of Ola’s journey under your visionary leadership. I thank the entire Ola Team and the Board for their support and guidance and wish Ola success!”
Abichandani had served as CFO since November 2023, including through the company’s high-profile IPO in 2024.
Deepak Rastogi’s Appointment and Experience
Deepak Rastogi, the newly appointed CFO, brings more than 30 years of extensive experience in finance, strategy, and corporate governance across automotive, manufacturing, industrial products, chemicals, and real estate sectors. Prior to joining Ola Electric, Rastogi served as Group Finance Chief and senior finance leader at several major companies, including Puravankara Group, Deepak Fertilisers & Petrochemicals, Tata AutoComp Systems, The Timken Company, Alcatel, DuPont, Castrol, and Raymond. He is a chartered accountant and MBA, and has advised and led equity transactions valued at around $1 billion, encompassing IPOs and cross-border mergers and acquisitions.
Rastogi will also hold the designation of Key Managerial Personnel and be part of Ola Electric’s senior management team, contributing to financial strategy, capital markets engagement, governance, and long-term growth planning.
Context of the Change
The leadership transition occurs amid broader senior-level exits at Ola Electric in recent months, reflecting ongoing shifts within the company. The CFO change follows a period of declining sales and market share pressures for the EV maker, which has resulted in the company revising its revenue outlook.
With Rastogi’s appointment, Ola Electric aims to reinforce financial leadership and strategic execution as it navigates competitive challenges in India’s electric vehicle landscape and works toward stabilizing operational performance and investor confidence.
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