Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
accounting
November 16, 2021

Ola General Counsel Sandeep Chowdhury Steps Down: Report

Urvi Srivastava Financial Leadership Baxter, Bharti walmart, counsel, Hindustan Coca Cola, IPO, Ola, report, UPL

Ola did not respond to emailed queries seeking response on Chowdhury’s resignation and the spate of senior-level exits being seen at the company.

Ride-hailing app Ola’s General Counsel Sandeep Chowdhury has resigned after a nine-month stint with the company, according to sources.

The development comes close on the heels of Ola’s Chief Financial Officer Swayam Saurabh and Chief Operating Officer Gaurav Porwal also leaving the company. These exits come ahead of Ola’s plans to go in for an initial public offering (IPO).

Chowdhury, who had joined Ola from Nuvoco Vistas Corp Ltd, has quit after a nine-month stint at Ola, according to sources.

Ola did not respond to emailed queries seeking response on Chowdhury’s resignation and the spate of senior-level exits being seen at the company.

As per Chowdhury’s LinkedIn profile, he has also worked with companies including UPL, Hindustan Coca Cola Beverages, Baxter India, and Bharti Walmart.

In October, Ola had also restructured the organisation and expanded roles for some of its top leaders.

Vinay Bhopatkar, the CEO of Ola Delivery business, was given additional responsibilities of the driver and supply ecosystem of the mobility business. Ola Chief Marketing Officer Anshul Khandelwal was given additional responsibility to drive revenue as well.

Ola is said to be working towards launching a USD 1-1.5 billion ( ?7,324-10,985 crore) IPO. The company is expected to file the DRHP (draft red herring prospectus) in the December quarter and is working with select banks, including Citigroup Inc and Kotak Mahindra Bank Ltd, to manage the IPO.

The company, however, has not officially commented on the timeline yet.

(PTI)

Urvi Shrivastav

→ Urvi Shrivastav

Hinduja Global Solutions Announces Q2 FY2022 Results Google Cloud Ropes In IBM CTO As India Director, Customer Engineering

Related Posts

economy

Economic Trends, Financial Leadership

Apparel Industry Must Focus On Vertical Integration: Upendra Prasad

Business men giving a handshake. Business concept

Economic Trends, Financial Leadership

Leading with Empathy into the Hybrid Working Future

staffing

Financial Leadership

Govt to soon appoint 3 independent directors on NaBFID board

Movements

  • adobe danDan Durn Appointed As Adobe’s New Chief Financial Officer
  • Vineet Mahajan_Vineet Mahajan Appointed As New CFO Of Avanse Financial Services On Sept 27
  • bharat pet director financeVetsa Ramakrishna Gupta To Lead Bharat Petroleum As Director Finance
  • tender cuts cfoTenderCuts Names Satya Rakesh as New CFO
  • dailmer CFOManish Thakore Helms Daimler India Commercial Vehicles as CFO

Selected Stories

  • Chandrasekar-K-1Leading with empathy is the correct mantra for success

    Read more

  • 20220331_113353Govt orders probe into fire incident involving Ola

    Read more

  • indian rupeeAsian stocks rise as Ukraine peace talks appear to progress

    Read more

  • economyTata Coffee rallies nearly 13 pc; Tata Consumer jumps over 5 pc

    Read more

  • rupeeRupee rises 4 paise to 75.69 against US dollar in early trade

    Read more

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.