Ola Electric, the Bengaluru-based EV giant, has announced the appointment of Pritam Das Mohapatra as its new company secretary and compliance officer, effective December 30, 2024. The decision was approved by the board of directors on the same day and marks a pivotal moment in Ola Electric’s leadership realignment.

This appointment fills the gap left by the resignation of the previous compliance officer two months ago and emphasizes the company’s focus on maintaining robust corporate governance as it scales its operations.

About Pritam Das Mohapatra

Credentials and Expertise

Pritam Das Mohapatra is an associate member of the Institute of Company Secretaries of India (ICSI). He holds a law degree and a bachelor’s degree in commerce, making him highly qualified for his new role.

With more than 14 years of experience, Mohapatra brings a wealth of knowledge in corporate law, regulatory compliance, fundraising, and governance practices.

Professional Background

Before joining Ola Electric, Mohapatra held leadership roles in reputed organizations, including:

• Merabo Labs Private Limited
• ANI Technologies Private Limited
• Ola Fleet Technologies Private Limited
• Zuari InfraWorld India Limited

His extensive background in compliance and governance, combined with experience in handling complex regulatory frameworks, positions him as a key asset for Ola Electric.

Independent Approach

Notably, Mohapatra has no familial or other relationships with Ola Electric’s board members, ensuring an impartial and independent approach to his responsibilities.

Responsibilities and Strategic Focus

Ensuring Regulatory Compliance

As company secretary and compliance officer, Mohapatra will oversee Ola Electric’s adherence to regulations set by the Securities and Exchange Board of India (SEBI) and other governing authorities.

His appointment comes at a time when compliance and governance are critical for companies navigating dynamic and competitive markets.

Strengthening Corporate Governance

Mohapatra’s expertise in IPO listings and governance is expected to play a crucial role in strengthening Ola Electric’s compliance frameworks. The company aims to uphold high ethical standards and transparency as it continues to expand its market presence.

Driving Transparency

Under Mohapatra’s guidance, Ola Electric aims to reinforce its commitment to transparency and corporate responsibility, ensuring all operational and financial practices align with industry regulations.

Leadership Dynamics at Ola Electric

Recent Leadership Changes

In recent weeks, Ola Electric has experienced notable leadership shifts. Two senior executives recently stepped down:

• Anshul Khandelwal, Chief Marketing Officer.
• Suvonil Chatterjee, Chief Technology and Product Officer.

These departures reflect the company’s ongoing efforts to realign its leadership structure with its long-term vision and market goals.

Strengthening the Leadership Team

Despite the changes, Ola Electric remains committed to enhancing its leadership capabilities. The addition of Mohapatra is seen as a strategic move to ensure the company continues its trajectory of growth and innovation.

Ola Electric’s Vision for the Future

Focus on Market Expansion

As one of India’s leading electric vehicle companies, Ola Electric is rapidly expanding its presence in the EV sector. The appointment of an experienced compliance officer underscores the company’s determination to maintain operational excellence while pursuing market dominance.

Commitment to Corporate Responsibility

With Mohapatra’s appointment, Ola Electric aims to set new benchmarks in corporate governance and compliance, aligning its practices with global standards. This move is expected to enhance stakeholder trust and reinforce its reputation as a responsible and innovative market leader.

The appointment of Pritam Das Mohapatra as company secretary and compliance officer signals a strong commitment by Ola Electric to corporate governance and transparency. With his extensive expertise, Mohapatra is poised to play a pivotal role in driving compliance excellence and supporting the company’s ambitious growth plans.

As Ola Electric continues to innovate and lead the EV market in India, this strategic leadership addition ensures a solid foundation for sustainable and responsible growth.