Ola seems to be facing some churn at the top-level in the past 12 months. After reports of its co-founder Ankit Bhati distancing himself from operational involvement, which Ola has denied, the company’s head of engineering and products Pranav Tiwari and Ola’s Electric head of finance Sarmad Nazki have resigned from the company.
Tiwari’s stint at Ola has come to an end after about two years. He was responsible for leading the marketplace function of the company until 2018. Later, he took over as the head of engineering and was responsible for leading all engineering products at Ola.
Nazki, on the other hand, had served nearly four years in the finance department of ANI Technologies, the parent company of Ola. Taking up a larger role at Ola last year, he moved to look after as the head of finance in Ola Electric Mobility.
According to a MoneyControl report, Tiwari was a very talented employee, and his departure will be a big loss for the SoftBank-backed company. Meanwhile, Nazki resignation has come at a time when Ola Electric is planning to expand its electric vehicles offerings.
It’s not clear at the moment who will take over the roles of Tiwari and Nazki. Responding to Entrackr queries, Ola spokesperson said, “As a policy, we do not comment on speculation and gossip.”
Although Ola hasn’t witnessed the departure of many senior-level employees in the recent past, its Senior Vice President Pallav Sing moved from the company after an eight years-long stint in January 2019. Senior Vice-President Saikiran Krishnamurthy along with Corporate President of New Initiatives Joy Bandekar left the company in September last year.
When asked about the exit of the senior-level employees in the past 12-15 months, the spokesperson added, “As a growth-oriented organization, Ola thrives on a culture of performance. This also means that from time to time, we will have to part ways with employees on this account. Every employee who has been and is part of this journey has valued and cherished their learnings from this experience.”
It’s worth noting that Ola has been preparing the works for going public in India over the next 18 months. It already set up a ‘Pre IPO Trust’ and raised Rs 36.88 crore in September this year. Entrackr had exclusively reported about Ola’s pre-IPO trust.