Bhavish Aggarwal is an Indian entrepreneur and founder of ride-sharing company Ola Cabs and electric two-wheeler manufacturing company Ola Electric. He is one of India’s youngest and most influential entrepreneurs. In 2014, he was included in the Forbes India 30 Under 30 list and was named a pioneer among the 100 most influential people in the world by Time magazine in 2018.
Wiki/Biography
Bhavish Aggarwal was born in Afghanistan on Wednesday, August 28, 1985 (age 37; as of 2022). His zodiac sign is Virgo. He spent his childhood in England, and when he was ten his family returned to Ludhiana, India. He subsequently traveled to Kota, Rajasthan, to prepare for the Indian Institute of Technology entrance examination; however, he failed the examination and returned to Ludhiana. He prepared at home for a year and passed the IIT entrance exam. From 2004 to 2008, he pursued a Bachelor of Technology in Computer Science and Engineering from the Indian Institute of Technology, Bombay.
Old photos of Bhavish Aggarwal (right) with his father
appearance
Height (approximately): 5′8″
Weight (approximately): 70kg
Hair color: black
Eye color: black
family
He was born into a Punjabi family.
Parents and siblings
His father’s name is Naresh Agarwal and his mother’s name is Usha Agarwal. His father is a plastic surgeon and his mother is a pathologist. He has a brother Ankush Aggarwal and a sister Arohi Aggarwal. Ankush is the founder of Avail Finance, an online lending platform, and Bhavish is an angel investor in the platform.
Bhavesh Agarwal’s father Naresh Agarwal and Bhavesh Agarwal’s mother Usha Agarwal
Bhavesh Agarwal’s younger brother Ankush Agarwal
wife and children
He married his long-time Tamil girlfriend Rajalakshmi in 2014. They met in Bangalore in 2007 and dated for six years before getting married. As of December 2022, the couple does not have any children.
Bhavish Aggarwal and wife Rajalakshmi
religion
He believes in Hinduism.
caste
He belongs to Baniya caste.
Profession
Microsoft
From May 2007 to June 2007, he worked as a research intern at Microsoft Research India. After graduating in 2008, he joined Microsoft Research India as a researcher in July 2008 and worked there until July 2010. He has applied for two patents and three papers, namely: published in international academic journals.
Ola Qaboos
On December 3, 2010, he founded ride-sharing company Ola Cabs with his college friend Ankit Bhati as a subsidiary of ANI Technologies.
Bhavish Aggarwal (right) and Ankit Bhati
In an interview, he shared the story behind Ola Cabs and said that in 2010, he was traveling in a cab from Bangalore to Bandipur when the cab driver stopped the cab on the road and demanded to pay more than what was initially agreed money. When Bavish 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 find Ola Cabs. He invested Rs 5 lakh, which he had saved during his previous job. In its first round of funding, Ola received Rs 34 lakh from Snapdeal founders Kunal Bahl, Rehan Yar Khan and Anupam Mittal. He set up Ola’s first office in a 1BHK space in a shopping mall in Powai. The company started operating through its website Olatrips.com and later switched to using its app to book rides.
In the early days of Ola Cabs, Bhavish Aggarwal and his team
In July 2014, Ola reached its first major milestone when it reached 10,000 rides per day. As the CEO of Ola Cabs, he launched different subsidiaries such as Ola Fleet launched in January 2015, mobile payments and wallet services through OlaMoney launched in November 2015, mobile payments and wallet services through OlaMoney launched in July 2015 and launched in 2022 Grocery delivery service Ola Dash, which closed in June, and car sales platform Ola Cars, launched in October 2021, closed in June 2022. Ola Cabs launched a food delivery service called Ola Cafe in March 2015, which was shut down in 2016; however, Ola Cabs acquired the Indian subsidiary of food delivery company Foodpanda in December 2017 and in this acquisition Later he entered the food delivery industry. In April 2022, he resigned as CEO of Ola Cabs to focus on Ola Electric. As of December 2022, he owns 6.7% stake in Ola Cabs.
Ola Electric Vehicles Pte Ltd
Bhavish Aggarwal launched Ola Electric on May 26, 2017, under the umbrella of ANI Technologies and launched a pilot project in Nagpur, Maharashtra in May 2017 to set up charging stations across the city and from Manufacturing companies purchase electric vehicles, electric buses and e-rickshaws. Between December 2018 and January 2019, he purchased 92.5% stake in Ola Electric from ANI Technologies for Rs 92,500. He purchased a 500-acre land in Pochampalli in Krishnagiri district of Tamil Nadu in January 2021 to set up the world’s largest power company’s Wheeler manufacturing plant and named it Futurefactory. In September 2021, he announced that Ola Electric’s Futurefactory will hire only women as employees and will provide employment opportunities to more than 10,000 women at one time. As of December 2022, Ola Electric sells 3 electric two-wheelers, namely Ola S1, Ola S1 Air and Ola S1 Pro. On June 20, 2022, he demonstrated Ola Electric’s first electric car, which will be released in 2024. He also announced the establishment of the company’s Battery Innovation Center (BIC) in Bengaluru, which will be Asia’s largest battery R&D facility.
dispute
Work Culture at Ola Electric
The work culture he promoted at Ola Electric sparked a controversy in October 2022 when he asked a manager to run around the compound of the Ola Electric manufacturing plant for three hours after finding a door that was supposed to be open was closed. lock up. The incident seemed to upset other employees at the factory; however, he said he was a very passionate person who wanted to promote a culture of meritocracy and hard work among his employees.
Sued by Bengaluru man
On January 18, 2023, the Consumer Court ordered Bhavish Aggarwal to pay Rs. A Bengaluru man named Vikas Bhushan has filed a lawsuit in court against Bhavish Aggarwal’s taxi service company Ola, seeking compensation of $10,000 over air-conditioning failure in the taxi he booked for an 80-km journey on October 18, 2021. as compensation. Earlier, the customer had tried to contact Bhavish Aggarwal and customer care representatives to lodge a complaint but did not get any positive response from them. In its judgment, the court also directed Bhavish Aggarwal to bear the complainant’s legal costs of Rs 5,000 and refund his fare of Rs 1,837 with interest.
Awards and Honors
- South Asia InBillionth Awards 2013
- 2014 World Economic Forum Global Growth Enterprise Award
- 2014 Frost & Sullivan Transportation Innovation Award
- Economic Times Best Startup of the Year Award 2015
- Forbes India Outstanding Startup Leadership Awards 2015
- VC Circle 2015 Consumer Internet Company Award
- NDTV Unicorn of the Year Award 2016
- Young Turks e-Vangelist – CNBC-TV18 2016
- NDTV Unicorn of the Year Award 2016
- Forbes India 30 Under 30 Awards 2016
- Business Standard Startup of the Year 2016
- 2016 Express IT Awards Mobile Leader
- Economic Times Entrepreneur of the Year Award 2017
- Asia Business Leadership Awards 2017 Disruptor of the Year Award
- Cybermedia ICT Business Awards 2018 ID Person of the Year
- Named one of Time magazine’s 100 most influential people in the world in 2018
- 2019 SABER Awards South Asia CEO of the Year Award
net worth
According to the IIFL Wealth Hurun India Self-Made Rich List 40 and Under released in September 2022, his net worth is Rs 11,700 crore.
Facts/Trivia
- In 2004, he secured 23rd rank in the Indian Institute of Technology Entrance Examination.
- His goal is to make electric vehicles available to the public with prices ranging from $1,000 to $50,000.
- He is a pet lover and has three office dogs named Happy, Husky and Chubby at the Ola Electric headquarters in Bengaluru.
Bhavish Aggarwal plays with his pet dog
- He enjoys photography and owns a photography blog.
- When he started Ola Cabs and answered customer calls, he occasionally drove a taxi.
- It took him three years to convince his wife, Rajalakshmi, to take an Ola taxi.
- He set up the Drive the Driver Fund during the covid-19 lockdown and donated a year’s salary to it.
- His favorite book is a biography of Apple founder Steve Jobs.
- He gets up around 7am and goes to bed around 1pm.
- He enjoys playing squash and riding his bicycle.
- He was the youngest person on the Forbes India 30 Under 30 list in 2016.
- His parents did not pay much attention to his success until their driver quit his job and bought a car and registered as a driver with Ola Cabs.
Categories: Biography
Source: HIS Education