Bhavish Aggarwal is an entrepreneur from India. He co-founded Ola Cabs and Ola Electric. In 2018, Time magazine named him one of the 100 most influential people. Bhavish Aggarwal’s net worth is $500 million USD (as of March 2023), which is equivalent to 3,500 crore INR.
Bhavish Aggarwal Net Worth
He is an Indian entrepreneur, has an estimated net worth of $500 million in 2023. In Indian currency, this amount translates to approximately Rs 3500 crore. It is believed that he earns a monthly income ranging between Rs 15 crores to Rs 20 crores. His primary sources of income are Ola, its services, and the stock market.
Ola, the company that he co-founded in 2010, is currently valued at $6.5 billion. It has a massive workforce of more than 4-5 lakh employees.
|Bhavish Aggarwal Net Worth||$500 million USD|
|Salary (monthly)||Not Known|
|Salary (yearly)||Not Known|
|Last Updated||March 2023|
About Bhavish Aggarwal
Aggarwal grew up in Ludhiana, Punjab, in a Punjabi Hindu family. He attended the Indian Institute of Technology Bombay and earned a bachelor’s degree in computer science and engineering in 2008. After that, he started his career at Microsoft Research India as a Research Intern and eventually became an Assistant Researcher.
Bhavish Aggarwal Wiki
|Real Name||Bhavish Agarwal|
|Date of Birth||28 August 1985|
|Birthplace||Ludhiana city, Punjab|
|Age||37 Years (as of March 2023)|
|Father||Naresh Kumar Aggarwal|
Bhavish Aggarwal Career
In May 2007, he started working as a research intern at Microsoft Research India. After graduating in 2008, he continued working at Microsoft Research India as a research associate from July 2008 to July 2010. During his time there, he wrote three academic papers that were published in international journals and filed two patents.
Bhavish Aggarwal, the co-founder of Ola Cabs, got the idea to start the cab company when he had a bad experience with a taxi. He and Ankit Bhati co-founded Ola Cabs in 2010. Ola Cabs has now become the largest network of personal transportation options in India and is very popular in 22 Indian cities.
Due to the economic repercussions of COVID-19, Ola Cabs had to lay off around 5000 employees in May 2020. The pandemic accelerated innovations in technology, and Bhavish Aggarwal believes that the market might move towards more car rentals and subscription-based ownership of cars. He expressed his views in a webinar addressed to the students of Bennet University.
In April 2022, an internal email was sent out to Ola employees, announcing that Bhavish Aggarwal would be stepping down from the day-to-day operations of the company. He will now focus on the future of Ola’s venture into electric vehicles and quick commerce.
Electric Mobility Private Limited
Bhavish Aggarwal, the founder of Ola Cabs, launched Ola Electric under ANI Technologies on 26 May 2017. The company set up a pilot project in Nagpur, Maharashtra, by installing charging stations throughout the city and acquiring electric cars, buses, and rickshaws from manufacturing companies. In December 2018 and January 2019, Aggarwal purchased a 92.5% stake in Ola Electric from ANI Technologies for Rs92,500. In January 2021, he acquired a 500-acre land in Pochampali, Krishnagiri District in Tamil Nadu to establish Futurefactory, the world’s largest electric two-wheeler manufacturing factory.
Aggarwal has big plans for Futurefactory. In September 2021, he announced that the facility would employ only women and would provide jobs for more than 10,000 women at a time. As of December 2022, Ola Electric sells three electronic two-wheelers called Ola $1, Ola S1 Air, and Ola S1 Pro. Additionally, on 20 June 2022, Aggarwal unveiled Ola Electric’s first electronic car, which is set to be released in 2024. He also announced the establishment of the company’s Battery Innovation Centre (BIC) in Bangalore, which will be Asia’s largest cell R&D facility.
Awards and Achievements of Aggarwal
He has received the following awards and honors:
- In 2013, Bhavish Aggarwal was awarded the mBillionth Award in South Asia.
- His company was recognized as the best startup of the year by IAMAI.
- Aggarwal was honored by HATT.
- The Hindustan Times included his name in its “30 under 30” list.
- Forbes’ list of 30 under 30 features Bhavish Aggarwal’s name.
- In 2019, he was named CEO of the Year at the SABRE Awards South Asia.
- The Economic Times named him Entrepreneur of the Year.
- CNBC-TV18 honored him with the Disruptor of the Year award at the Asia Business Leader Awards.