Ola Electric Mobility has appointed Deepak Rastogi as its new Chief Financial Officer, effective January 20, following the resignation of incumbent CFO Harish Abichandani, who stepped down citing personal reasons.
In a regulatory filing, the company said its board approved Rastogi’s appointment at a meeting held on January 19. He will also serve as key managerial personnel and be part of Ola Electric’s senior management team. The board noted Abichandani’s resignation with effect from the close of business on January 19 and recorded its appreciation for his contributions during his tenure.
In his resignation letter addressed to founder and CEO Bhavish Aggarwal, Abichandani cited personal reasons for stepping down and requested to be relieved on the same day.
Rastogi brings over three decades of experience across finance, strategy, and corporate governance in capital-intensive sectors including automotive, manufacturing, chemicals, and real estate. A chartered accountant and MBA, he has held senior finance leadership roles at organisations such as Tata AutoComp Systems, The Timken Company, Alcatel, DuPont, Castrol, and Raymond.
According to Ola Electric, Rastogi has advised and led equity transactions worth nearly $1 billion, including initial public offerings and cross-border mergers and acquisitions, and has served on the boards of several listed companies.
The leadership change comes amid a period of multiple senior-level exits at the electric vehicle maker in recent years.
