Bhavish Aggarwal, the dynamic founder and CEO of Ola Electric, has emerged as one of India’s most influential tech entrepreneurs, with an estimated net worth of ₹21,000 crore ($2.48 billion) as of July 2025. His wealth reflects the meteoric rise of Ola Electric, the success of Ola Cabs, and his bold foray into artificial intelligence through Krutrim. Aggarwal’s journey from a Microsoft researcher to a multi-unicorn founder is a blueprint for innovation-driven leadership in India’s startup ecosystem.
From Ludhiana to the Boardroom: Bhavish Aggarwal’s Early Life
Born in Ludhiana, Punjab, in 1985, Bhavish Aggarwal graduated from IIT Bombay with a degree in computer science. He began his career at Microsoft Research India, where he worked on cutting-edge projects before launching Ola Cabs in 2010 with co-founder Ankit Bhati. The idea was sparked by a frustrating taxi experience, which led Aggarwal to reimagine urban mobility in India.
Ola Cabs: Disrupting Urban Transport
Ola Cabs quickly became a household name, expanding to over 250 cities across India and entering international markets such as Australia, New Zealand, and the UK. Aggarwal’s tech-first approach and aggressive scaling helped Ola become Uber’s biggest competitor in India. The company’s valuation crossed $7 billion, with Aggarwal retaining a significant stake through ANI Technologies.
Ola Electric: Leading India’s EV Revolution
In 2017, Aggarwal launched Ola Electric, a subsidiary focused on electric scooters, motorcycles, and EV components. The company’s flagship products—the Ola S1 and S1 Pro—disrupted the two-wheeler market, offering smart, affordable, and sustainable mobility solutions. Ola Electric’s IPO in August 2024 marked a major milestone, pushing its valuation close to ₹20,951 crore ($2.48 billion).
Quarterly Financial Performance of Ola Electric (FY 2024–2025)
| Quarter | Revenue (₹ crore) | Net Loss (₹ crore) |
|---|---|---|
| June 2025 | 828 | 428 |
| March 2025 | 611 | 870 |
| December 2024 | 1,045 | 564 |
| September 2024 | 1,214 | 495 |
| June 2024 | 1,644 | 347 |
Despite operating at a loss, Ola Electric has shown resilience and investor confidence, with share prices surging by 18.36% in July 2025 following a strong quarterly update.
Krutrim AI: India’s First AI Unicorn
In 2023, Aggarwal founded Krutrim, an AI startup focused on large language models and Indic language translation. By 2024, Krutrim became India’s first AI unicorn, valued at $1 billion, showcasing Aggarwal’s commitment to building indigenous tech solutions for India and the world.
Bhavish Aggarwal’s Investment Portfolio
Aggarwal has made strategic investments across sectors, including fashion, fintech, edtech, and electric vehicles. His portfolio reflects a deep interest in sustainable innovation and future-ready technologies.
| Year | Company | Sector | Investment Type | Amount |
|---|---|---|---|---|
| 2024 | Krutrim | Artificial Intelligence | Series A | $50 million |
| 2022 | Virgio | Fashion | Series A | ₹815.2 million |
| 2020 | O’ Be Cocktails | Beverage | Angel Round | ₹35 million |
| 2018 | Tork Motors | Electric Vehicles | Angel Round | $66.8K |
| 2016 | HashLearn | Edtech | Venture Round | Undisclosed |
Assets and Lifestyle
Aggarwal resides in Bengaluru with his wife, Rajalakshmi Aggarwal, in a modern eco-conscious home powered by solar energy. He owns luxury vehicles including a Tesla and BMW, though he famously avoids personal car ownership, advocating for ride-hailing and electric mobility.
His real estate portfolio includes properties in Mumbai and other major cities, and he is rumored to hold tech stocks and cryptocurrency assets. Despite his wealth, Aggarwal maintains a low public profile and is known for his introverted nature and passion for Indian classical music.
Awards and Recognition
- Time Magazine’s 100 Most Influential People (2018)
- Forbes India’s Tycoons of Tomorrow
- Economic Times Entrepreneur of the Year
- CNBC-TV18 Disruptor of the Year
Aggarwal is a frequent speaker at global forums like the World Economic Forum and TEDx, where he shares insights on innovation, sustainability, and India’s tech future.
Challenges and Criticism
Ola has faced criticism over driver treatment, service inconsistencies, and technical glitches. Ola Electric, despite its growth, continues to report losses and faces scrutiny over delivery timelines and product quality. Aggarwal has publicly defended the company’s efforts, emphasizing long-term vision over short-term profitability.
Future Plans
Bhavish Aggarwal’s roadmap includes:
- Launching India’s first mass-market electric car by 2026
- Building a gigafactory for EV batteries
- Expanding Ola Electric to Europe and Southeast Asia
- Developing AI-driven logistics platforms
- Creating India’s first indigenous operating system for smart mobility
Final Thoughts
Bhavish Aggarwal’s journey from a Microsoft researcher to a billionaire entrepreneur is a story of grit, innovation, and relentless ambition. His ventures—Ola Cabs, Ola Electric, and Krutrim—are shaping India’s mobility and tech future. With a net worth of ₹21,000 crore, Aggarwal stands as a beacon of Indian entrepreneurship, proving that bold ideas and local innovation can drive global impact.
Disclaimer: This article is based on publicly available financial and business data. Figures are estimates and subject to market fluctuations. This content does not constitute financial advice.
