Ola Electric HR director quits; 31 top-level resignations and 40 new postings since 2020, Auto News, ET Auto
28 June, 2022Admin0 Comments1 category
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Ranjit Kondeshan
New Delhi:
Country’s most well-funded startup Ola continues to see resignations latest on the list is Ranjit Kondeshan, Director HR, OLA Electric. Ranjit having a total experience of about 18 years joined the company in May 2021. Like many other senior executives, Ranjit also decided to move on in just 14 months. He will leave the company on 2 July 2022.
Ranjit has joined Ola from Visa where he worked as Director since May 2018 – May 2021. He started his career with LG as a senior HR executive in 2004 and worked there for three years. In his 18-year-long career, he has worked for 7 companies.
Ola seen as the biggest success story in recent times has challenged the status quo is not only through shared mobility but also by successfully disrupting the traditional automobile retailing model by introducing direct-to-customer retailing.
In May, Nidhi Chaturvedi Jha quit Ola electric as regional head and joined the e-tailing giant Amazon. In April Nishit Jain one of the longest-serving senior executives ended his four-year stint with Ola Electric as director in April 2022. Jain has joined Daimler India Commercial Vehicles (DICV) as the Head of their EV mobility business. The transient situation at the top deck has been consistent for a long time at Ola (As a group including all businesses). Since 2020 at least 31 senior executives have left the company as against 40 new appointments.
The company sold 5148 units of electric scooters till date i.e., 25 June 2022 while sellng an average of 206 units per day. As per estimates, the EV maker is expected to sell 6500 units by the end of June 2022.
Ola has shut its used car division Ola Cars within eight months of its commencement and some of the people have been moved to the electric vehicle and mobility business. The company has also wrapped up Ola Dash, its quick commerce arm, said people in the know. Forming these two businesses as a restructuring process over 25 persons left the company.
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