Ola Electric, the Bengaluru-based electric vehicle giant, has seen the departure of two senior executives—Chief Marketing Officer Anshul Khandelwal and Chief Technology and Product Officer Suvonil Chatterjee.
Both leaders resigned for personal reasons, as mentioned in their resignation letters to the management. They expressed their appreciation for their time at the company, praising its rapid growth and supportive work culture.
Ola Electric Makes a Clarifying Statement
In a statement, Ola Electric confirmed that neither Khandelwal nor Chatterjee has familial ties to any of the company’s directors. Sources suggest that internal candidates might step in to fill their roles as part of a broader restructuring initiative within the company.
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Restructuring at Ola Electric
The company, led by Bhavish Aggarwal, has been undergoing a restructuring process over the past few months. Reports from November indicated that the restructuring could impact more than 500 employees—roughly 12% of the company’s 4,000-strong workforce. The goal is to streamline operations, eliminate redundant roles, and enhance efficiency and margins to ensure long-term profitability.
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This restructuring is not the first of its kind. Similar efforts were made in 2022 in preparation for Ola Electric’s initial public offering (IPO). The IPO, which launched on August 2, 2024, and closed on August 6, 2024, resulted in the company’s shares being listed on the BSE and NSE on August 9, 2024.
