Bhavish Aggarwal Net Worth: Bio, Education, Career, Ola Cabs and More

Bhavish Aggarwal, an Indian entrepreneur, is renowned as the co-founder of Ola Cabs and Ola Electric. His influence extends globally, as evidenced by his inclusion in Time magazine’s prestigious list of the 100 most influential people in 2018. As of March 2023, Aggarwal’s estimated net worth stands at $500 million USD, equivalent to approximately Rs 3,500 crore INR.

Aggarwal’s financial prowess is further underscored by his monthly earnings, estimated to range between Rs 15 crores to Rs 20 crores. The primary sources of his income stem from his ventures in Ola, its associated services, and investments in the stock market.

Ola, the transportation company founded by Aggarwal in 2010, currently boasts a staggering valuation of $6.5 billion USD and employs a massive workforce exceeding 400,000 individuals.

Bhavish Aggarwal Net Worth

Early Life and Education

Aggarwal hails from Ludhiana, Punjab, growing up in a Punjabi Hindu household. He pursued his higher education at the Indian Institute of Technology Bombay, graduating with a bachelor’s degree in computer science and engineering in 2008. Following his graduation, Aggarwal commenced his professional journey at Microsoft Research India as a Research Intern, later advancing to the role of Assistant Researcher.

Career Highlights

Microsoft Research India:

Aggarwal’s tenure at Microsoft Research India commenced in May 2007 as a research intern, culminating in his graduation in 2008. He continued to contribute to the organization as a research associate until July 2010. During his tenure, Aggarwal authored three scholarly papers published in international journals and filed two patents.

Ola Cabs:

The inception of Ola Cabs in 2010 stemmed from Aggarwal’s personal dissatisfaction with taxi services, prompting him to co-found the company alongside Ankit Bhati. Ola Cabs swiftly ascended to become India’s premier network of personal transportation options, operating in 22 major Indian cities.

The COVID-19 pandemic posed significant challenges for Ola Cabs, leading to the regrettable decision to lay off approximately 5,000 employees in May 2020. Aggarwal, however, remains optimistic about the future, foreseeing a shift towards increased car rentals and subscription-based car ownership. He articulated these insights during a webinar hosted for students of Bennet University.

Transition to Electric Mobility:

Aggarwal’s visionary pursuits expanded beyond conventional transportation with the establishment of Ola Electric under ANI Technologies in May 2017. The company spearheaded initiatives such as the deployment of charging infrastructure and acquisition of electric vehicles in Nagpur, Maharashtra. Aggarwal’s commitment to sustainable mobility culminated in the acquisition of a 92.5% stake in Ola Electric in December 2018 and January 2019. Subsequent endeavors include the establishment of Futurefactory, a sprawling electric two-wheeler manufacturing facility in Tamil Nadu, slated to employ over 10,000 women.

Awards and Accolades

Aggarwal’s contributions to entrepreneurship have garnered widespread recognition, including accolades such as the mBillionth Award in South Asia (2013), Best Startup of the Year by IAMAI, inclusion in Forbes’ “30 Under 30” list, and CEO of the Year at the SABRE Awards South Asia (2019). The Economic Times named him Entrepreneur of the Year, while CNBC-TV18 honored him with the Disruptor of the Year award at the Asia Business Leader Awards.