Who is Deepak Rastogi? Ola Electric appoints former Puravankara CFO as new finance chief

Core Viewpoint - Ola Electric has appointed Deepak Rastogi as the new finance chief, effective January 20, 2026, amid challenges in sales and market share in the electric two-wheeler sector [1][5]. Group 1: Leadership Changes - Deepak Rastogi will succeed Harish Abichandani as the finance chief of Ola Electric [1]. - Rastogi previously served as the group CFO of Puravankara and has extensive experience in finance and accounting [2][4]. Group 2: Background of Deepak Rastogi - Rastogi holds an MBA in Finance and International Business from SP Jain Institute of Management & Research and is a qualified Chartered Accountant [3]. - His prior roles include President and Group CFO at Deepak Fertilisers and various senior positions at Tata AutoComp Systems, The Timken Company, and Castrol, showcasing a strong track record in finance [4]. Group 3: Company Performance and Market Position - Ola Electric has faced declining sales and market share since its public listing, prompting a revision of its fiscal 2026 revenue forecast [5]. - The company once held a 50% market share in India's e-scooter market but has been overtaken by competitors like Bajaj Auto and TVS Motor [6]. - The stock price of Ola Electric has decreased by over 50% in the past year, with a nearly 40% decline in the last six months [7].