Bhavish Aggarwal is an Indian entrepreneur and founder of ridesharing company Ola Cabs and electric two-wheeler manufacturing company Ola Electric. He is one of the youngest and most influential Indian entrepreneurs. He was featured in Forbes India’s 30 Under 30 list in 2014 and was featured as a leader among the 100 most influential people in the world by Time magazine in 2018.
Contents
Wiki/Biography
Bhavish Aggarwal was born on Wednesday, 28 August 1985 (age 37 years; as of 2022) in Afghanistan. His zodiac sign is Virgo. His childhood was spent in the United Kingdom and his family moved back to Ludhiana, India when he was ten years old. Later, he moved to Kota, Rajasthan to prepare for the IIT entrance exam; However, he could not pass the examination and came back to Ludhiana. He prepared for a year at his home and passed the IIT entrance exam. From 2004 to 2008, he earned a Bachelor of Technology degree in Computer Science and Engineering from the Indian Institute of Technology, Bombay.
An old picture of Bhavish Aggarwal (right) with his father
Physical Appearance
Height (Approx): 5′ 8″
Weight (Approx): 70 kg
Hair Color: Black
Eye colour: black
Family
He was born in a Punjabi family.
parents and siblings
His father’s name is Naresh Aggarwal and mother’s name is Usha Aggarwal. His father is an orthopedic surgeon, and his mother is a pathologist. He has a brother named Ankush Agarwal and a sister named Aarohi Agarwal. Ankush is the founder of Avail Finance, an online lending platform, in which Bhavish was an angel investor.
Bhavish Aggarwal’s father is Naresh Aggarwal and Bhavish’s mother is Usha Aggarwal.
Ankush Agarwal, brother of Bhavish Agarwal
wife and children
He married his longtime Tamilian girlfriend Rajalakshmi in 2014. They met in Bengaluru in 2007 and dated for 6 years before getting married. As of December 2022, the couple has no children.
Bhavish Aggarwal with his wife Rajlakshmi
Religion
He follows Hindu religion.
Caste
He belongs to the Bania caste.
livelihood
Microsoft
He worked at Microsoft Research India as a research intern from May 2007 to June 2007. After graduating in 2008, he joined Microsoft Research India as a Research Associate in July 2008 and worked till July 2010. He filed two patents and three papers, which were published in international academic journals.
Ola Cabs
He founded ridesharing company Ola Cabs as a subsidiary of ANI Technologies on 3 December 2010 with his college friend Ankit Bhati.
Bhavish Aggarwal (right) with Ankit Bhati.
In an interview, he shared the story behind Ola Cabs and said that he was traveling by a taxi from Bengaluru to Bandipur in 2010, when the taxi driver stopped the taxi on the road and demanded more money than initially agreed upon. . When Bhavish refused to pay more money, the taxi driver left him on the road and he had to find another taxi. This incident inspired him to found Ola Cabs Company. He invested Rs 5 lakh, which he had saved during his previous job, and in the first round of funding, Ola secured Rs 34 lakh from Snapdeal founders Kunal Bahl, Rehan Yar Khan and Anupam Mittal. He set up Ola’s first office in a 1BHK area in a mall in Powai. The company started operations through its website Olatrips.com and later switched to its own application for ride booking.
Bhavish Aggarwal with his team during the early days of Ola Cabs
In July 2014, Ola achieved 10,000 rides in a day, its first major milestone. As CEO of Ola Cabs, he launched various subsidiaries, such as Ola Fleet, launched in January 2015, mobile payments and wallet service through OlaMoney, launched in November 2015, grocery delivery service Ola Dash, Launched in July 2015 and closed in June 2022. And car selling platform Ola Cars, launched in October 2021 and shut down in June 2022. Ola Cabs launched a food delivery service named Ola Café in March 2015, which closed in 2016; However, Ola Cabs acquired the Indian subsidiary of food delivery company Foodpanda in December 2017 and entered the food delivery industry after this acquisition. In April 2022, he resigned as CEO of Ola Cabs to focus on Ola Electric. As of December 2022, he holds 6.7% stake in Ola Cabs.
Ola Electric Mobility Private Limited
Bhavish Aggarwal launched Ola Electric under ANI Technologies on 26 May 2017 and launched a pilot project in Nagpur, Maharashtra in May 2017 by installing charging stations across the city and purchasing electric cars, electric buses and electric rickshaws from manufacturing companies . He bought 92.5% stake in Ola Electric from ANI Technologies for Rs 92,500 between December 2018 and January 2019. He purchased 500 acres of land in Pochampalli, Krishnagiri district of Tamil Nadu in January 2021 to set up the world’s largest electric two-tech. Wheeler manufacturing factory and named it FutureFactory. In September 2021, he had announced that Ola Electric’s FutureFactory will employ only women as its employees and will employ more than 10,000 women at a time. As of December 2022, Ola Electric sells 3 electronic two-wheelers named Ola S1, Ola S1 Air and Ola S1 Pro. On 20 June 2022, he showcased Ola Electric’s first electronic car, which will be released in 2024. He also announced the establishment of the company’s Battery Innovation Center (BIC) in Bangalore, which will be Asia’s largest cell R&D facility.
Controversy
Work Culture at Ola Electric
In October 2022, a controversy erupted over the work culture he promoted at Ola Electric when, upon seeing a closed entrance gate which was supposed to be open, he asked a manager to make three rounds of the premises of the Ola Electric manufacturing plant. Said. Other factory workers appeared troubled by this incident; However, he added that he is a very passionate person and wants to promote a culture of meritocracy and hard work among his employees.
The case was filed by a person from Bengaluru
On January 18, 2023, a consumer court ordered Bhavish Aggarwal to pay Rs. A Bengaluru man was given Rs 10,000 as compensation after a Bengaluru man named Vikas Bhushan approached court against Bhavish Aggarwal’s cab-providing service, Ola, for an 80 km journey on October 18, 2021. Demanded compensation for poor air condition in the booked cab. Earlier, the customer had tried to reach out to Bhavish Aggarwal and customer service representatives to register his complaint, but did not get any favorable response from them. In its judgment, the court directed Bhavish Aggarwal to bear the complainant’s litigation expenses of Rs 5,000 and also refund his travel fare of Rs 1,837 with interest.
Awards and Honors
- Inbillionth Award South Asia in 2013
- Global Growth Company Award by the World Economic Forum in 2014
- Innovation Award in Transportation by Frost & Sullivan in 2014
- Startup of the Year Award by Economic Times in 2015
- Leadership Award for Outstanding Startup by Forbes India in 2015
- Consumer Internet Company of the Year Award 2015 by VC Circle
- Unicorn of the Year Award by NDTV in 2016
- Young Turks E-Vangelist – CNBC-TV18 in 2016
- Unicorn of the Year Award by NDTV in 2016
- 30 Under 30 Award by Forbes India in 2016
- Startup of the Year 2016 by Business Standard
- Mobility Leader by Express IT Awards in 2016
- Entrepreneur of the Year Award by Economic Times in 2017
- Disruptor of the Year Award by Asia Business Leader Awards in 2017
- ID Person of the Year 2018 by Cybermedia ICT Business Awards
- Recognized by Time magazine as a leader among the 100 most influential people in the world in 2018
- CEO of the Year Award by SABER Awards South Asia in the year 2019
net worth
According to the IIFL Wealth Hurun India 40 and Under Self-Made Rich List released in September 2022, his net worth is Rs 11,700 crore.
Facts/General Knowledge
- He secured 23rd rank in the IIT entrance exam in 2004.
- Their goal is to provide electric cars to the public between $1000 and $50000.
- She is a pet lover and has three office dogs named Happy, Husky and Fatty at Ola Electric’s headquarters in Bengaluru.
Bhavish Aggarwal playing with his pet dogs
- He loves photography and owns a photography blog.
- When he started Ola Cabs, he occasionally drove taxis and attended customer calls.
- It took him three years to convince his wife Rajalakshmi to join Ola Taxi.
- He set up the Drive the Driver Fund during the COVID-19 lockdown and contributed one year’s salary to the fund.
- His favorite book is the biography of Apple founder Steve Jobs.
- He wakes up around 7 in the morning and goes to sleep around 1 in the night.
- He likes playing squash and cycling.
- He was the youngest person listed in the 30 Under 30 list by Forbes India in 2016.
- His parents did not think much of his success until his driver quit his job and bought a car to enroll himself as a driver in Ola Cabs.
Categories: Biography
Source: vcmp.edu.vn