Bhavish Aggarwal — the tech genius behind Ola Cabs, Ola Electric, and Krutrim AI. Learn about his life, net worth, companies, income sources, and the latest trending news including his financial response to Ola Electric’s stock fall in 2025.
Who is Bhavish Aggarwal?
Bhavish Aggarwal is one of India’s most successful and ambitious entrepreneurs. Born on August 28, 1985, in Ludhiana, Punjab, he is the co-founder and CEO of Ola Cabs, the founder of Ola Electric, and the brain behind Krutrim, India’s first AI unicorn. From ride-hailing to electric mobility and now artificial intelligence, Aggarwal is building the future of India’s tech landscape.
Early Life & Education
Bhavish graduated from IIT Bombay in 2008 with a degree in Computer Science. He began his career at Microsoft Research India, where he worked on cutting-edge projects and even filed two patents. But it wasn’t long before his entrepreneurial spirit pushed him to build his own company.
Ola Cabs: The Beginning
In 2010, a frustrating personal experience with a taxi service led Aggarwal to co-found Ola Cabs with Ankit Bhati. What started as a small operation in Bengaluru is now one of India’s largest ride-hailing companies, serving millions daily and competing with global giants like Uber.
Ola Electric: Revolutionizing India’s EV Market
In 2017, Aggarwal launched Ola Electric, aiming to lead India into the era of electric mobility. The company made headlines with its electric scooters, especially the Ola S1 Pro, and later for opening one of the world’s largest EV two-w
IPO & Market Challenges (2024–2025)
Ola Electric IPO in August 2024 raised $730 million at a valuation of ₹39,750 crore ($4.8 billion).
However, by mid-2025, the company’s market share dropped from 50% to 20%, and the stock price fell by 35–46%, raising concerns among investors.
Krutrim: India’s First AI Unicorn
In parallel with Ola Electric, Bhavish founded Krutrim AI in 2024. The company:
Develops indigenous large language models focused on Indian languages.
Runs on in-house cloud infrastructure, avoiding reliance on AWS or Azure.
Became India’s first AI unicorn, valued at over $1 billion in early 2025.
To fund Krutrim’s operations, Aggarwal pledged shares worth ₹250 crore from Ola Electric.
Trending in June 2025: Market Crash & Bhavish’s Response
Ola Electric’s stock took a major hit in mid-2025, prompting key developments:
1. ₹20 Crore Cash Infusion by Bhavish Aggarwal
As pledged shares dropped in value, Bhavish personally infused ₹20 crore to top-up collateral.
This was a proactive step to protect his financial credibility and stabilize funding for Krutrim.
2. Hyundai & Kia Exit Ola Electric
Hyundai exited completely, and Kia Motors reduced its stake by selling shares worth $80 million.
These moves added more pressure on Ola Electric to retain investor trust.
3. Ola Electric’s Declining Market Share
The company’s share in the EV scooter segment declined due to growing competition from Ather, TVS, and Bajaj.
Bhavish announced a renewed focus on capital discipline and risk management moving forward.
Bhavish Aggarwal Net Worth & Income Sources (2025)
As of 2025, Bhavish Aggarwal’s net worth is estimated at ₹21,000 crore (≈ $2.3 billion).
1. His income comes from
2. 30% equity in Ola Electric
3. Ownership in Ola Cabs
4. Major stake in Krutrim AI
5. Tech investments and intellectual property assets
Personal Life & Recognition
Bhavish Aggarwal keeps his personal life private. He is married to Rajalakshmi Aggarwal, and they have two children.
In 2018, he was featured in Time Magazine’s 100 Most Influential People list — a testimony to his global impact.
Conclusion
Bhavish Aggarwal’s story is not just about launching companies — it’s about building industries. From Ola Cabs to Ola Electric to Krutrim AI, he is reshaping how India moves, powers, and thinks. Despite facing major market setbacks in 2025, his hands-on approach and visionary thinking continue to drive innovation in electric vehicles and artificial intelligence.
Top 5 FAQs – Bhavish Aggarwal Biography
1. How much is Bhavish Aggarwal’s net worth in 2025?
₹21,000 crore (~$2.3 billion), primarily from Ola Electric, Krutrim, and Ola Cabs.
2. Why did Bhavish recently pump in ₹20 crore?
To replenish collateral after Ola Electric’s equity value declined — securing loans raised for Krutrim.
3. What is Krutrim AI?
An artificial intelligence firm developing large language models for Indian languages; now a unicorn.
4. What happened to Ola Electric’s share?
It declined by more than 35% post-IPO because of market share erosion and competition.
5. Does Hyundai still have an investment in Ola Electric?
No, Hyundai completely exited in June 2025; Kia also diluted its holding.
