Ola Net Worth at a Glance
- Ola Electric market cap (30 Apr 2026): approximately ₹16,126 crore (peak was ₹65,000+ crore)
- Share price: approximately ₹36–37; IPO price was ₹76 (Aug 2024); 52-week low ₹22.25
- FY26 revenue: ₹4,932 crore; FY26 net loss: ₹2,276 crore
- Q3 FY26 deliveries: 32,680 vehicles (down 61% YoY from 84,029)
- EV market share: ~6% (down from ~30% in 2024)
- ANI Technologies (Ola Cabs): private; last valued $7.3 billion (2021); estimated $2–4 billion current
- Bhavish Aggarwal promoter stake: 34.59%; estimated worth ₹5,580 crore at current price
How Ola Built India's Largest Ride-Hailing and EV Company
Bhavish Aggarwal, born in Ludhiana in 1985 and an IIT Bombay computer science graduate, founded Ola (ANI Technologies) in 2010 with Ankit Bhati. Ola Cabs grew to dominate Indian ride-hailing through the 2010s, reaching a $7.3 billion valuation by 2021 backed by SoftBank, Tiger Global and Steadview Capital. In 2017, Bhavish pivoted into electric vehicles, founding Ola Electric Mobility. The Ola Gigafactory was set up in Krishnagiri, Tamil Nadu. Ola Electric listed on NSE and BSE on 9 August 2024, raising ₹6,146 crore at ₹76 per share, with the stock briefly trading above ₹150 in late 2024. The subsequent decline has been severe: the share price fell to a 52-week low of ₹22.25, driven by a collapse in vehicle deliveries, market share loss to TVS, Bajaj and Ather, and ongoing cash burn. Bhavish stepped back from a daily Ola Cabs operating role in 2023 to focus on Ola Electric and Krutrim (AI subsidiary of ANI Technologies).
Revenue and Income Sources in 2026
Ola Electric's revenue of ₹4,932 crore in FY26 comes primarily from electric scooter sales (S1, S1 Pro, S1 Air, S1 X product lines), plus accessories, extended warranty and ancillary services. Q3 FY26 saw a 55% year-on-year revenue decline and only 32,680 vehicle deliveries, down sharply from 84,029 in Q3 FY25. FY26 net loss was ₹2,276 crore, with net debt at ₹670 crore (December 2025 balance sheet). The Ola Roadster motorcycle is the next major product expected to drive revenue recovery. ANI Technologies (Ola Cabs) does not disclose standalone revenue publicly; the cab business has lost share to Uber and Rapido. Krutrim (the AI subsidiary) is in early commercial stages.
Assets and Investments
Ola Electric's primary assets are the Gigafactory in Krishnagiri (current capacity 2.5 GWh scaling to 6 GWh in 2026), the S1 product platform, battery technology, dealer and service network, and the Ola brand. ANI Technologies' assets include the Ola Cabs platform, Krutrim AI models and data, and brand value. Key investors in ANI Technologies include SoftBank, Tiger Global and Steadview Capital from multiple rounds between 2015 and 2021. Bhavish Aggarwal's 34.59% promoter stake in Ola Electric was valued at approximately ₹5,580 crore at the late April 2026 share price.
Business Segments
Ola's Two-Company Structure
- Ola Electric (listed, NSE/BSE): Electric scooters (S1, S1 Pro, S1 Air, S1 X), Roadster motorcycle (upcoming), Gigafactory (Tamil Nadu); market cap ₹16,126 crore
- ANI Technologies (private): Ola Cabs ride-hailing; Krutrim AI subsidiary; last valued $7.3B (2021); current est. $2–4B
- Bhavish Aggarwal: 34.59% promoter in Ola Electric; largest individual shareholder in ANI Technologies
- Brokerage views: Emkay Global target ₹20 (“doubts on survival”, Feb 2026); Citi sell rating target ₹27
- Recovery thesis: Roadster deliveries + LFP cell production + service network improvement
Recent Financial Highlights (2024–2026)
- Ola Electric listed 9 Aug 2024 at ₹76 IPO price; peaked above ₹150; now ₹36–37 (down 50%+ from IPO)
- Market cap approximately ₹16,126 crore (30 Apr 2026) vs peak ₹65,000+ crore
- FY26 revenue: ₹4,932 crore; FY26 net loss: ₹2,276 crore; net debt: ₹670 crore (Dec 2025)
- Q3 FY26: 55% YoY revenue decline; 32,680 deliveries (vs 84,029 in Q3 FY25)
- EV market share: ~6% (down from ~30% in 2024); TVS iQube, Bajaj Chetak, Ather overtook Ola
- Emkay Global target ₹20 (Feb 2026) citing “doubts on survival”; Citi sell at ₹27
- Gigafactory: 2.5 GWh current → 6 GWh target 2026; LFP cell production is key milestone
- Bhavish Aggarwal promoter stake: 34.59% (Dec 2025); estimated personal net worth $800M–$1.2B
Where Does Ola Rank Among Indian EV and Tech Companies?
Among Indian EV players, Ola Electric at ₹16,126 crore competes with Bajaj Auto (Chetak, market cap ₹1.5 lakh crore+) and TVS Motor Company (iQube, ₹1 lakh crore+) — both diversified two-wheeler giants dwarfing Ola in revenue. Among pure-play EV companies, Ola is the largest by market cap in India. Ather Energy provides a direct comparison as another pure-play electric two-wheeler company. Ola Electric's market cap decline from ₹65,000 crore to ₹16,126 crore in 18 months is one of the sharpest post-IPO value destructions in recent Indian market history.
Net Worth in Indian Rupees: What ₹16,126 Crore Looks Like
₹16,126 crore at the current share price represents an extraordinary destruction of paper wealth from the peak market cap of ₹65,000+ crore just 18 months prior. The difference — approximately ₹49,000 crore of value lost — is a reminder of how quickly concentrated equity wealth can shrink in a market correction. Bhavish Aggarwal's Forbes peak estimate of $2.9 billion in 2024 has fallen to an estimated $800 million–$1.2 billion in 2026, primarily because his wealth is concentrated in a single listed company that has lost half its value from IPO price.
What This Means for Tracking Your Own Wealth
Watching Ola Electric's journey from IPO premium to current levels is a reminder that listed paper wealth can move dramatically in either direction. Promoters live with this volatility because their stake is concentrated by design. Retail investors tend to think of net worth as static — the figure on the bank statement. In reality, every market-linked holding (mutual funds, ESOPs, listed equity) marks to market every trading day. Tracking household net worth like a public company tracks its market cap — refreshed every month or quarter — is the discipline that separates real wealth visibility from a back-of-envelope estimate. WorthScale's free net worth calculator lets people in India log every asset and liability, then update values whenever markets move. The dashboard stores the trend over time, so you can see whether you are compounding upward or quietly drifting down.
Frequently Asked Questions
Ola Electric Mobility has a market capitalisation of approximately ₹16,126 crore as of 30 April 2026 (down from a peak of ₹65,000+ crore post-IPO). ANI Technologies, the private parent of Ola Cabs and Krutrim, was last valued at around $7.3 billion in 2021 but is estimated at $2–4 billion currently after markdowns.
Ola is split across two companies. ANI Technologies (Ola Cabs and Krutrim AI) is privately held with founder Bhavish Aggarwal as the largest individual shareholder, alongside SoftBank, Tiger Global and Steadview Capital. Ola Electric is publicly listed with Bhavish holding 34.59% as promoter.
Current estimates place Bhavish Aggarwal's net worth in the $800 million to $1.2 billion range, down from a Forbes peak estimate of around $2.9 billion in 2024. The drop reflects the Ola Electric share price decline (from ₹150+ peak to ₹36–37 as of May 2026) and broader markdowns of ANI Technologies.
Ola Electric Mobility listed on 9 August 2024 with an issue price of ₹76 per share, raising ₹6,146 crore. The stock briefly traded above ₹150 in late 2024 before declining to a 52-week low of ₹22.25. It currently trades around ₹36–37 — a fall of more than 50% from the IPO price.
Vehicle deliveries collapsed 61% year on year in Q3 FY26 to just 32,680 units. Market share fell from roughly 30% in 2024 to about 6% in early 2026 as TVS iQube, Bajaj Chetak and Ather overtook Ola. Brokerages including Emkay Global and Citi issued sell ratings citing cash burn and demand concerns.
ANI Technologies (Ola Cabs) has not publicly disclosed FY26 profitability since it remains private. The cab business has lost domestic market share to Uber and Rapido. The company has not announced an IPO timeline for ANI Technologies.
The formula is simple: total assets minus total liabilities. Add up bank balances, fixed deposits, mutual funds, stocks, real estate, gold, EPF and PPF. Subtract loans, EMIs and credit card balances. The WorthScale net worth calculator can do this in under five minutes for free, with no signup required.