Gupta's departure comes two weeks after the company's CEO Hemant Bakshi stepped down.
According to the company, Gupta's departure is part of an "ongoing restructuring" process.
An Ola spokesperson told IANS, "As a part of the ongoing restructuring, Kartik Gupta, CFO of Ola Mobility, has resigned from the company. This restructuring is aimed at increasing productivity in the AI-led era, which will enable the global Level is redefining the cab-hailing industry."
The spokesperson also said the restructuring process will allow Ola to "strengthen cost structures, focus on growth and grow its earnings."
According to his LinkedIn profile, Gupta joined Ola Cabs seven months ago and was in charge of financial strategy, growth, regulatory compliance, tax treasury and investor relations. Before joining Ola, he spent over 17 years as Vice President and Regional CFO of Asia Pacific, Middle East and Africa at Procter & Gamble.
Last month, the ride-hailing platform had announced job cuts.
Ola founder Bhavish Aggarwal addressed employees in a letter about the restructuring exercise to improve profitability and prepare for future growth. The restructuring process will reportedly affect at least 10 percent of the company's workforce.
Meanwhile, the company has appointed Ankush Aggarwal, brother of Ola founder, as the Chief Executive Officer of Ola Financial Services.
According to the company, Gupta's departure is part of an "ongoing restructuring" process.
An Ola spokesperson told IANS, "As a part of the ongoing restructuring, Kartik Gupta, CFO of Ola Mobility, has resigned from the company. This restructuring is aimed at increasing productivity in the AI-led era, which will enable the global Level is redefining the cab-hailing industry."
The spokesperson also said the restructuring process will allow Ola to "strengthen cost structures, focus on growth and grow its earnings."
According to his LinkedIn profile, Gupta joined Ola Cabs seven months ago and was in charge of financial strategy, growth, regulatory compliance, tax treasury and investor relations. Before joining Ola, he spent over 17 years as Vice President and Regional CFO of Asia Pacific, Middle East and Africa at Procter & Gamble.
Last month, the ride-hailing platform had announced job cuts.
Ola founder Bhavish Aggarwal addressed employees in a letter about the restructuring exercise to improve profitability and prepare for future growth. The restructuring process will reportedly affect at least 10 percent of the company's workforce.
Meanwhile, the company has appointed Ankush Aggarwal, brother of Ola founder, as the Chief Executive Officer of Ola Financial Services.
