Net worth of Bhavish Aggarwal : Ola Electric Mobility shares have surged since their stock market debut. In just 7 business days, the money invested in this stock has doubled. While the stock is hitting an upper circuit every day, it has also affected the net worth of the company’s CEO Bhavish Aggarwal. According to the report, his wealth has reached around Rs 21,000 crore.
Content
- Who is Bhavish Aggarawal?
- Net worth of Bhavish Aggarawal
Bhavish Aggarwal of Ola does an Elon Musk impression: Last week, an internal email called “Kya Chai Raha Hai?”—a colloquial Hindi expression that translates to “What’s going on?”—was issued to Ola staff, requiring them to submit a weekly report as part of a program. The fast-paced corporate environment has made layoffs a regular occurrence. Businesses are reorganizing the office using new technologies and methods. Following suit, Bhavish Aggarwal, the creator of Ola, has launched a project in which he requests weekly reports from his staff members about their progress and achievements.
Who is Bhavish Aggarwal ?
Bhavish Aggarwal is an Indian businessman. He co-founded and serves as CEO of Ola Krutrim, a large language model AI company that was valued at an estimated $1 billion in 2024 and became India’s first AI unicorn. He is also the developer of Ola Electric and Ola Consumer. Ola Electric lays off over 1,000 employees. Elon Musk, a multibillionaire, has mandated that US federal government workers submit weekly report cards detailing their job. Bhavish Aggarwal, the CEO of Ola, has replicated this. Aggarwal has requested weekly work reports from the staff.According to an ET article, Aggarwal stated in an internal mail last week that Ola personnel must provide weekly reports in three to five bullet points.
Ola Electric Mobility, managed by Bhavish Aggarwal, is doing well on the stock exchanges. Since making its market debut, the company’s share price has been under pressure and has dropped dramatically. Elon Musk, a multibillionaire, has mandated that US federal government workers submit weekly report cards detailing their job. Bhavish Aggarwal, the CEO of Ola, has replicated this. Aggarwal has requested weekly work reports from the staff.Investors worry as the business struggles and recently missed its Production Linked Incentive (PLI) ACC program goal.
Net worth of Bhavish Aggarawal
Currently holding shares worth Rs 20,856 crore, or $2.48 billion, according to the most recent rupee-dollar conversion rate of 83.87, Aggarwal controls 30.02% of the firm. His net worth increased dramatically as a result of Ola Electric’s shares doing well since their Dalal Street launch. The number of shares that Aggarwal has in Ola Electric is 1,32,39,60,029. The value of his interests has increased significantly due to the recent surge in the stock price. The stock rose 107% from its initial public offering (IPO) price of Rs 76 per share to a high of Rs 157.53 on the BSE on Tuesday.
The financial picture of Ola Electric is alarming. The firm posted a net loss of Rs 564 crore in Q3FY25, which was much higher than the Rs 376 crore it reported in the same period the previous year. Additionally, its income suffered, dropping 19.36% year over year to Rs 1,045 crore from Rs 1,296 crore. Significant losses were also incurred in the preceding quarter (Q2FY25), when the business reported a net loss of Rs 495 crore.
