Ola Electric hires New Head Of Corporate Finance

By siliconindia  |  Thursday, 08 June 2023, 09:07:35 AM IST

Ola Electric hires New Head Of Corporate Finance
Ola Electric hired Topsy Mathew as the head of corporate accounting and treasury, who will have an important in the company's IPO next year.  The position had been empty for over a year before the news broke. According to the report, Mathew will handle the organization's finance operations and report to Arun Kumar GR, the company's chief financial officer.
Mathew formerly worked at Standard Chartered as the Managing Director and Regional Head of Mergers & Acquisitions for the South Asia area. Along with Credit Suisse, PCCW, and the Boston Consulting Group, he has also worked for them in the past. In January 2021, he launched Mumbai-based alternative asset management company Golden Mean Capital. According to media reports, Amit Anchal, the company's director of group strategy and corporate finance, has been elevated to board member. 
YS Kim will be in charge of sales, direct-to-consumer (D2C), and Ola's charging network. Vinay Bhopatkar, who was in charge of sales, will leave in September 2022. The changes come as Ola Electric prepares for its initial public offering (IPO) in 2024.
The company has began conversations with Goldman Sachs, Kotak, Citi, and Axis Bank to help underwrite its IPO. Ola Electric intends to raise USD 10 billion in the IPO and will most likely file its draft red herring prospectus by the end of the next quarter.

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