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Ola ropes in Infosys’ outgoing CFO Rajiv Bansal as new finance head

  • Taxi
    aggregator Ola has hired Infosys’ outgoing Chief Financial Officer Rajiv Bansal
    as its new finance head, a high­profile recruitment that reflects the scramble
    for topflight talent among India’s cashflush start-ups, the
    Economic Times said in a report.
  •  
  • Bansal, whose
    exit from Infosys was announced earlier this week, will be joining the Bengaluru-based

    • Taxi
      aggregator Ola has hired Infosys’ outgoing Chief Financial Officer Rajiv Bansal
      as its new finance head, a high­profile recruitment that reflects the scramble
      for topflight talent among India’s cashflush start-ups, the
      Economic Times said in a report.
    •  
    • Bansal, whose
      exit from Infosys was announced earlier this week, will be joining the Bengaluru-based
      start-up from January 1, sources said.
    •  
    • “The
      offer letter has been accepted,” said one of the sources.
    •  
    • “This
      move is in line with our initiative of getting top talent from across
      industries to further strengthen the core Ola team,” the source said.
    •  
    • Bansal, 42, in
      an earlier interaction with reporters was quizzed about his plans after
      Infosys. “Our paths will cross again. Whether it will be at a private
      equity fund, a large business house or a start-up, I can’t say at the moment.
      But I am looking forward to working in a value creation space,” he had said in
      a cryptic reply.
    •  
    • Mitesh Shah
      is currently the CFO at Ola. The taxi app, which competes with Uber, has been
      on the lookout for a finance chief for about a year now.
    •  
    • Bansal, who
      joined Infosys in 1999, was appointed as the CFO in 2012. He was one of the
      highest paid executives. For the year ending March 2015, Bansal took home a package
      of $770,858, next only to UB Pravin Rao, the company’s COO and Vishal Sikka,
      CEO.
    •  
    • Ola is
      valued at an estimated $5 billion, and counts SoftBank, Sequoia Capital, DST
      Global and Tiger Global among investors.

     

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