Hemant Bakshi has been appointed as the new Chief Executive Officer (CEO) of Ola, according to media reports. Bakshi was earlier the chairperson of Unilever Indonesia. The current CEO of Ola Bhavish Aggarwal will step down, say the reports.
Bakshi joined Ola earlier this year and moved back to India. At Unilever, Bakshi oversaw sales growth in Indonesia.
Meanwhile, Ola posted a revenue of Rs 2,800 crore in the fiscal year 2022-23. The company’s revenue grew by 42 per cent to Rs 2,799 crore in FY23, compared to Rs 1,970 crore in FY22. The company recorded a loss of Rs 772 crore in FY23, down from Rs 1,522 crore in FY22.