Archive · 20 Jan 2026
Ola Electric Appoints New CFO Amid Market Challenges
Ola Electric, a company that makes electric scooters, has a new chief financial officer (CFO) named Deepak Rastogi.
He will start his job on January 20, 2026.
The previous CFO, Harish Abichandani, is leaving the company on January 19, 2026.
Deepak Rastogi has a lot of experience in finance and has worked for other big companies like Puravankara, Tata, and Castrol.
Ola Electric's stock price has been going down, and the company is facing some challenges with sales and market share.
They had to lower their expected revenue for the next year.
The company used to have a big share of the electric scooter market, but now other companies like Bajaj Auto and TVS Motor are doing better.
The stock has been down for 10 days in a row, losing almost 22% during that time.
Ola Electric appoints Deepak Rastogi as new CFO effective January 20, 2026.
Harish Abichandani resigns as CFO effective January 19, 2026, citing personal reasons.
Rastogi has extensive finance experience, having worked with companies like Puravankara, Tata, and Castrol.
Ola Electric's stock price has declined, with a 5% drop on January 20, 2026, extending a 10-day losing streak.
The company revised and lowered its fiscal 2026 revenue forecast amid market challenges and increased competition.
- Who
- Ola Electric, Deepak Rastogi, Harish Abichandani
- What
- Appointment of new CFO and resignation of previous CFO
- When
- Effective from January 20, 2026
- Where
- India
- Why
- Harish Abichandani's resignation and need for new leadership
- New CFO
- Deepak Rastogi
- Effective Date
- January 20, 2026
- Resigned CFO
- Harish Abichandani
- Resignation Date
- January 19, 2026
- Stock Price
- ₹33.82 (as of January 20, 2026)
- Market Share
- 9.3% in December 2025, up from 7.2% in November 2025
- Revenue Forecast
- Revised and lowered for fiscal 2026
- Stock Performance
- Down 22% in the past two weeks, 38% in the past three months
Sources
Ola Electric CFO H Abichandani resigns; board OKs Deepak Rastogi as CFO
Who is Deepak Rastogi? Ola Electric appoints former Puravankara CFO as new finance chief
From Tata Capital, Ola Electric to Adani Power – Here are 9 stocks to watch
Ola Electric shares tank 5% as CFO Harish Abichandani resigns; key details
Ola Electric shares tumble 5% as CFO resigns, extend losing run to 10th straight session
Ola Electric shares fall 4% amid top-level management change
