Ola Electric brings in new CFO as Harish Abichandani exits abruptly

Deepak Rastogi replaces Harish Abichandani as Ola Electric CFO immediately, amid dwindling sales and market share at the Bhavish Aggarwal-led company.

Updated on: Jan 20, 2026 8:56 AM IST

By Tushar Deep Singh

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Ola Electric Mobility Ltd. has appointed Deepak Rastogi as its new chief financial officer, replacing Harish Abichandani who has resigned abruptly. The change is effective 20 January 2026.

Ola Electric has been grappling with declining sales and eroding market share, so much so that the company has cut its revenue forecast for FY26. (Reuters)

“I am hereby submitting my resignation as chief financial officer of Ola Electric Mobility Limited. This decision has been taken due to personal reasons,” wrote Abichandani in his resignation letter dated 19 January. “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 been Ola Electric CFO since November 2023. It was under him that the company led by Bhavish Aggarwal went public in a blockbuster debut in 2024. But since then, Ola Electric has grappled with stalling sales which led the firm to cut its revenue forecast in November last year.

Against that backdrop, Rastogi joins Ola Electric as CFO from Puravankara Ltd. He was responsible for the financial functions of the real-estate firm.

ABOUT THE AUTHOR
Tushar Deep Singh
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.Read More

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