Ola Current Affairs
Homegrown app-based cab operator OlaCabs has appointed Rajiv Bansal as Chief Financial Officer (CFO) as part of its expansion drive in the country.
He will succeed Mitesh Shah who will henceforth lead strategic finance initiatives of Ola as part of Rajiv’s team.
Prior to this appointment, Mr. Bansal had worked with country’s second largest software services firm Infosys as CFO but had resigned in October 2015. Presently, he is serving as Advisor to the CEO at Infosys.
Mr. Bansal has 21 years of rich corporate experience in finance of which for 16 years he was associated with Infosys. Before joining Infosys, he had worked in different capacities at Tata Technologies, Cable & Wireless, and ABB.
- OlaCabs (popularly known as Ola) was established by Bhavish Aggarwal (currently CEO) and Ankit Bhati in 2010 in Bengaluru (Karnataka).
- Presently, it runs around 2 lakhs cabs in over 200 cities in India with more than 150,000 daily bookings.
- It commands 60 percent of the market share in India’s personal transportation. In March 2015 it had acquired TaxiForSure for $ 200 million.