Ola appoints Rajiv Bansal as CFO

India's leading mobile app for personal transportation, Ola, on Thursday announced the appointment of Rajiv Bansal as its Chief Financial Officer.

Rajiv brings close to 21 years of experience in finance with over 16 years at Infosys, where he was the CFO and recently transitioned to being an Advisor to the CEO.

Rajiv will be part of Ola's core leadership team and joins the company in January, 2016. Mitesh Shah, who is currently the CFO, will lead Strategic Finance Initiatives as part of Rajiv's team, going forward.

Bhavish Aggarwal, Co-founder and CEO, Ola said, "We are thrilled to welcome Rajiv onboard. He brings with him a wealth of experience from his long tenure at Infosys.

"Rajiv's understanding and expertise in the finance domain is extremely valuable for us at this juncture of growth. His experience of being at the helm of finance for one of India's most respected companies will help us in adopting best practices and in realising our mission of building mobility for a billion people. I'm looking forward to working with Rajiv as we scale Ola to newer heights in the time to come," Ola said in a statement.

Speaking about his new role at Ola, Rajiv Bansal said, "Ola has been growing at an extraordinary pace and has created tremendous value in the process, to customers, partners and other stakeholders under Bhavish's leadership. As one of India's most valuable startups, it carries with it a mighty responsibility of setting an example on corporate governance and best practices in finance. I am thoroughly excited about coming onboard with this amazing team to co-create yet another globally admired company out of India."

Rajiv Bansal is currently an advisor to the CEO at Infosys. In his prior role as the CFO at Infosys, his areas of responsibility included corporate finance, business finance, operations planning and assurance, investor relations and taxation for the whole group.

Rajiv has over 21 years of experience and joined Infosys as Manager of Finance in 1999. Prior to becoming the CFO, Rajiv was Vice President and Head of Finance. As the Head of Finance, his key priorities included supporting the company's growth, managing critical finance functions and adhering to regulatory and compliance requirements.

Before joining Infosys, Rajiv worked in different capacities at Tata Technologies, Cable & Wireless, and ABB. Rajiv is a chartered accountant and cost accountant by profession. He holds a bachelor's qualification in commerce from Calcutta University, India. He is a gold medalist and stood third in the Institute of Cost and Works Accountants of India (ICWAI).

Founded in Jan 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati, Ola, is India's most popular mobile app for personal transportation. Ola integrates city transportation for customers and driver partners onto a mobile technology platform ensuring convenient, transparent and quick service fulfilment.