After CEO, Ola Cabs CFO Karthik Gupta steps down

Exit just seven months into the job part of ongoing exercise to cut costs, improve productivity, says ride-hailing company.

On Thursday, Ola Cabs saw another high-level departure. Karthik Gupta, the chief financial officer of ANI Technologies—its parent company—resigned just seven months after assuming the role.

An Ola spokesperson told Moneycontrol that this comes as part of an “ongoing restructuring” aimed at “productivity enhancement in an AI-led era that is redefining the cab-hailing industry globally”.

“The restructuring will allow Ola to strengthen cost structures, focus on growth and increase its bottom line,” the spokesperson added.

Gupta had responsibilities across financial strategy, top/bottomline growth, investor relations, cost optimization and vendor negotiations, according to his LinkedIn profile. Prior to joining Ola, Gupta …

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Ujjaini Dutta

Ujjaini writes for Yesterday at The Morning Context. She joins us from MEA WorldWide, where she worked as a sub-editor, and has previously worked as an editorial intern at The Wire’s LiveWire. Ujjaini published her debut novel—Manik-er Khata—in 2022.

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