Ola Cabs CEO Hemant Bakshi resigns

New Delhi, April 29, 2024.

Ola Cabs CEO Hemant Bakshi has resigned from his position, marking an unexpected departure merely four months into the role.

The ride-hailing arm of ANI Technologies is reportedly gearing up for a restructuring initiative that is anticipated to impact approximately 10% of its workforce or 200 employees, added the report quoting sources familiar with the matter.

Bakshi’s resignation, effective immediately, follows his appointment to the company in January to oversee day-to-day operations