CFO Shake-Up: Harish Abichandani Resigns, Deepak Rastogi Takes Charge At Ola
Ola Electric is having a major shake-up in leadership at the very top. Harish Abichandani, CFO, left his position on January 19, 2026, for personal reasons. The next day, however, Deepak Rastogi was appointed as the new CFO, taking over the role of Key Managerial Personnel and being part of the company’s Senior Management team starting from January 20, 2026.
Changes at the very top of any company can lead to many other changes. An exit at the very top, especially of the finance person, usually triggers a market reaction, and the company sometimes has to go through turbulence while getting used to the new boss. That is exactly what is happening at Ola, and investors are keeping a close eye on the situation. The change comes at a time when the stock is already in a digging-and-swinging situation, which makes the transition even more delicate. How Rastogi navigates the ship could impact investors’ confidence, market perception, and perhaps even the next phase of Ola Electric’s success or failure.
Ola Electric: Monthly, Long-Term, and Market Share Performance
| Performance Metric | Details |
|---|---|
| Monthly Performance (January 2026) | Ola shares down 6%, marking fourth consecutive monthly loss. Early gains in first three sessions. |
| Long-Term Trend | Persistent downtrend since 2024 market debut. |
| Market Share (December 2025) | 9,020 units registered; market share rose to 9.3% from 7.2% in November; nearly 12% in second half of December (VAHAN data). |
| Yearly Performance (2026) | Shares down 55% for the year. |
| Stock Crash Since Record High | From ₹146.38 record high, stock has crashed 77%, showing volatility despite sales and market share gains. |