Confirming the development, an Ola spokesperson said, Ola would like to thank Vishal Kaul for his invaluable contributions to the company. He has had a very good innings. We at Ola wish him well for all his future endeavours".
Previously associated with PepsiCo, Kaul had been roped in by Ola to strengthen its position in the Indian market, where the company competes head-on with US-based Uber.
Kaul said he was moving on to "another exciting career opportunity" but declined to disclose the details.
"I have immensely enjoyed my stay at Ola. The company has been like a family to me. I take great satisfaction and pride that I have been part of the journey where Ola has exhibited strong growth, improved profitability and gained significant market share," he added.