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Ola hires ex-CFO of Infosys to head finance

Ola is believed to have hired Rajiv Bansal as its new finance head. Bansal will join the taxi aggregator from January 1, 2016. The move is expected to strengthen the company's core team.

Both Bansal and Bhavish Aggarwal, the co-founder and CEO of Ola have not commented on the development.

Ola has been looking for a suitable candidate to head finance for about a year. Bansal has been working with Infosys since 1999. He was the CFO of the company since 2012. His exit from the company was announced last week.

Bansal was one of the highest paid executives in Infosys. He was paid a package of $ 7,70,858 for the year ended March 2015.

Earlier this year, Ola claimed to have a market-share 80% of the online space by the number of registered vehicles (including autorickshaws). This figure includes the share of TaxiForSure as well. Ola acquired TaxiForSure earlier this year. Ola's competitors include Meru and Uber.

Source: ET Auto

 
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