Ola Electric has named Pritam Das Mohapatra as its new company secretary and compliance officer, with the appointment taking immediate effect following approval by the board of directors on December 30, 2024.
A Strategic Move Following Leadership Changes
The appointment of Pritam Das Mohapatra comes at a crucial time for Ola Electric, just two months after the resignation of Pramendra Tomar, the previous company secretary and compliance officer. Tomar stepped down citing personal reasons and commitments. Mohapatra’s entry marks a strategic move by Ola Electric to reinforce its corporate governance structure amid ongoing leadership transitions.
Last week, Ola Electric also announced the departures of two senior executives: Anshul Khandelwal, Chief Marketing Officer, and Suvonil Chatterjee, Chief Technology and Product Officer. Their exits signal significant shifts within the company’s leadership as it continues to navigate a competitive electric mobility market.
Mohapatra’s Extensive Expertise in Governance and Compliance
Pritam Das Mohapatra brings over 14 years of experience to his new role, encompassing corporate laws, compliance management, fundraising, IPO listings, and governance practices. An associate member of the Institute of Company Secretaries of India, Mohapatra has held key positions in reputed organizations, including:
- Merabo Labs Private Limited
- ANI Technologies Private Limited (Ola Cabs’ parent company)
- Ola Fleet Technologies Private Limited
- Zuari Infraworld India Limited
With his extensive background, Mohapatra is well-positioned to oversee Ola Electric’s compliance framework, ensuring alignment with SEBI regulations and corporate governance standards. His expertise is expected to play a pivotal role in maintaining regulatory adherence and fostering investor confidence as Ola Electric scales its operations.
Strengthening Compliance Amid Growing Market Challenges
The electric mobility sector in India is rapidly evolving, presenting unique challenges and opportunities. As the regulatory environment tightens and competition intensifies, Mohapatra’s appointment underscores Ola Electric’s commitment to strengthening its compliance and governance mechanisms.
His responsibilities will include:
- Monitoring adherence to SEBI and corporate governance regulations
- Overseeing internal compliance processes
- Supporting strategic initiatives like fundraising and IPO readiness
This focus on governance aligns with Ola Electric’s broader vision of scaling sustainably in the dynamic electric vehicle market.
Looking Ahead: Ola Electric’s Strategic Goals
Ola Electric has been aggressively expanding its footprint in the electric mobility space, making headlines with its EV manufacturing and ambitious plans for the future. The company’s recent management changes and the appointment of Mohapatra reflect a proactive approach to aligning its operational and governance strategies.
As Ola Electric moves forward, its leadership team will play a crucial role in ensuring that the company navigates the complex intersection of innovation, regulation, and market growth effectively.
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