Who is Deepak Rastogi? Ola Electric appoints former Puravankara CFO as new finance chief
Electric two-wheeler maker Ola Electric on Monday announced the appointment of Deepak Rastogi as the company’s new finance chief, with effect from January 20, 2026. Reuters reported.
In the statement made by the company, it was stated that Rastogi, who last served as the group finance officer of real estate developer Puravankara, will replace Harish Abichandani at Ola Electric.
Just a few months ago, Deepak Rastogi had quit his job at Puravankara Ltd., one of India’s leading real estate developers focusing on residential and commercial projects in key urban markets. He cited personal reasons behind his resignation.
From previous roles to training — All about Rastogi
Deepak Rastogi holds an MBA in Finance and International Business from SP Jain Institute of Management and Research (SPJIMR), where he studied from 2003 to 2005.
He is also a qualified Chartered Accountant (CA) from the Institute of Chartered Accountants of India, giving him a strong foundation in finance and accounting.
Prior to his association with Puravankara, Rastogi was head of Deepak Fertilizers And Petrochemicals Corp. Ltd. as President and Group CFO. He has also held numerous senior positions at companies such as Tata AutoComp Systems, The Timken Company and Castrol.
According to his LinkedIn profile, he has a proven track record in tax and treasury, entity restructuring, shared services and technology hubs, as well as diverse international experience across a variety of industries.
Ola Electric lost market share
Under the leadership of Ola Electric’s previous CFO, Abichandani, who has held the post since November 2023, the company successfully went public with a highly anticipated, blockbuster launch in 2024.
However, Ola Electric has been facing challenges since its IPO due to stalled sales, prompting the company to revise and lower its fiscal 2026 revenue forecast in November last year.
There was a time when the automaker had a 50% market share in the Indian e-scooter market, but over time, Ola Electric’s market share has been overtaken by rivals like Bajaj Auto and TVS Motor. These competitors expanded distribution and introduced similarly priced models. Reuters reported.
Company’s stock price trend
Bhavish Aggarwal-led electric vehicle maker nears close with 4% loss ₹35.73 in Monday’s trading session. According to data from the Bombay Stock Exchange (BSE), the company’s shares have increased by around 6% in a month.
According to data, Ola Electric’s shares have fallen by more than 50% in the past year; This includes a decline of nearly 40% in the last six months.
