Ola Electric names Deepak Rastogi CFO as Harish Abichandani bows out

MUMBAI: Ola Electric has appointed Deepak Rastogi as chief financial officer, ushering in a new finance chief as Harish Abichandani exits the electric two-wheeler maker.

The appointment, approved by the board and disclosed in an exchange filing on January 19, takes effect from January 20, 2026. Rastogi will also serve as key managerial personnel and join the company’s senior management team. Abichandani stepped down citing personal reasons, with his resignation effective January 19.

Rastogi joins Ola Electric from real estate developer Puravankara Limited, where he was group CFO. He brings more than two decades of experience across manufacturing, chemicals, auto components and infrastructure, with deep exposure to large, complex balance sheets.

His career began at Raymond Synthetics as assistant manager, accounts, followed by roles at Castrol and DuPont. He later moved to Alcatel-Lucent as head of finance before joining The Timken Company, where he rose from CFO for India to CFO for Asia, overseeing finance, planning, fund-raising, taxation, risk management, compliance and M&A, while driving EBIT improvement and shareholder value.

Rastogi subsequently served as president and group CFO at Tata Autocomp Systems and later at Deepak Fertilisers and Petrochemicals, cementing his reputation as a turnaround-focused finance leader.

The appointment comes at a critical juncture for Ola Electric as it sharpens its focus on scale, margins and governance. With a heavyweight CFO in the saddle and a clean handover at the top, the EV maker is signalling that the next phase will be less about speed and more about financial discipline.