Ola Electric names Deepak Rastogi CFO after Harish Abichandani quits

Ola Electric has appointed Deepak Rastogi as its new chief financial officer, effective January 20, 2026, following the resignation of Harish Abichandani from the role.

The electric vehicle maker announced the leadership change on Monday, saying Abichandani stepped down citing personal reasons, Business Standard reported.

“I am hereby submitting my resignation as chief financial officer of Ola Electric Mobility Limited. This decision has been taken due to personal reasons,” Abichandani said in his resignation letter, which was cited by the company.

Rastogi brings more than three decades of experience across capital-intensive industries including automotive, manufacturing, chemicals, fertilisers, mining, industrial products and real estate, Ola Electric said in a regulatory filing.

A chartered accountant and MBA, Rastogi has previously held senior finance roles such as president, group CFO and head of finance at companies including Puravankara Group, Deepak Fertilisers & Petrochemicals, Tata AutoComp Systems, The Timken Company, Alcatel, DuPont, Castrol and Raymond, according to the filing.

The company said he has also served on the boards of several listed firms and worked closely with promoters and executive leadership teams on profit and loss management, capital markets, fundraising, mergers and acquisitions, IPO readiness, strategy and governance. He has advised on and led equity transactions worth about $1 billion, including IPOs and cross-border deals.

The appointment comes at a time of heightened leadership churn at Ola Electric. In recent months, the company has seen several senior exits, including cell operations business head Vishal Chaturvedi, as well as chief marketing officer Anshul Khandelwal and chief technology officer Suvonil Chatterjee, who stepped down in December 2024, Business Standard reported.

Shares of Ola Electric closed at ₹35.78 on the BSE on Monday.

The leadership change underscores the challenges facing India’s electric mobility players as they navigate slowing demand growth, margin pressures and the need for tighter financial controls amid an increasingly competitive market.