Ola Electric's Anshul Khandelwal Resigns As Chief Marketing Officer

Anshul Khandelwal, chief marketing officer of Ola Electric Mobility Ltd., resigned on Friday citing personal reasons, according to an exchange filing.

Khandelwal has been associated with Ola since 2018, first as the head of marketing and revenue of Foodpanda, and then as head of marketing and category of Ola Foods, and head of global marketing at Ola, according to his LinkedIn profile.

The company also confirmed that Suvonil Chatterjee, chief technology and product officer, has quit. His departure was reported by NDTV Profit earlier in the day.

Chatterjee, who first joined the Ola Group as head of design in September 2017, was elevated to chief product officer in 2021. In November 2022, he took on the dual roles of chief technology and product officer. He was seen as the most influential person at the company after Bhavish Aggarwal.

Chatterjee's exit underscores the top-level exodus at India's largest electric two-wheeler maker, even as the company expands operations and battles a sales slump.

The top-level resignations, in a way, started with the exit of co-founder and Chief Technology Officer Ankit Bhati in 2019 and reached a crescendo with Chatterjee's departure. In the last couple of months, however, at least 500 employees, each earning over Rs 50 lakh/annum, have resigned.

Ola Group has no chief people officer since N Balachandar quit, people aware of the matter told NDTV Profit. It does not have a company secretary either. The company's head of product strategy and service head have moved on. The head of sourcing is on his notice period while the vice president of production has been asked to go on garden leave.

Individuals aside, entire teams are getting laid off , including those involved in engineering programme management, product planning and customer quality assurance.

Shares of Ola Electric closed 3.68% lower at Rs 90.09 apiece on the BSE, compared to a 0.3% advance in the benchmark Sensex.