Bhavish Aggarwal Net Worth, Salary, Family Info, Current Holdings, & Bio

Have you ever been in a situation where you needed to travel somewhere urgently, but public transport was not an option and you did not have your own vehicle? In such times, you might have used a cab service to reach your destination. If you live in India, you probably have heard of or even used Ola cabs. The visionary behind this affordable, efficient, and innovative business is Bhavish Aggarwal, the co-founder and CEO of Ola.

If you are an entrepreneur or aspire to be one, you might be interested in knowing more about Bhavish Aggarwal. He is a well-known name among Indian entrepreneurs, and there are hardly any people in India who are interested in business or entrepreneurship and do not know him.

Do you want to know about Bhavish Aggarwal, his net worth, educational qualifications, age, career, wife, house, and his social media presence? If yes, then keep reading this biography post till the end.

Quick Facts About Bhavish Aggarwal

Bhavish Aggarwal’s Qualification and Early Life

Bhavish Aggarwal’s journey from a software engineer to a business tycoon is an inspiring one. He was born on 28th August 1985 in a well-off family, where his father owned a business. He had a passion for computers since his childhood and pursued his dream of studying computer science at IIT Bombay. Bhavish Aggarwal’s IIT rank was 23, which she secured on his second attempt.

Soon after graduation, he got placed at Microsoft India, where he worked for two years. He had a flair for entrepreneurship and decided to quit his job and start his venture. He initially tried his hand at a travel agency, but it did not work out well. He faced a lot of difficulties and criticism from his family, especially his father, who wanted him to do an MBA and gain some business experience.

But Bhavish was determined to follow his path and did not give up on his vision. He focused on his work and came up with a revolutionary idea that changed the face of transportation in India.

Bhavish Aggarwal Carrer Timeline and Current Position

Bhavish Aggarwal’s career path from a Microsoft researcher to a cab company founder and CEO is a remarkable one.

Assistant Researcher At Microsoft

Bhavish started his career with Microsoft India, where he worked for two years. He filed two patents and published three papers in international journals during his stint at Microsoft. However, he soon realized that he wanted to do something more challenging and innovative. He had a flair for entrepreneurship and decided to quit his job and start his own venture.

Co-founder and CEO of Ola Cabs

Bhavish was determined to follow his own path and did not give up on his vision. He met Ankit Bhati, a fellow IITian, and together they co-founded Ola Cabs in 2010. Bhavish became the CEO of the company and led it to become one of the largest and most successful cab aggregators in India.

In April 2022, Bhavish stepped down from the day-to-day operations of Ola Cabs to focus on the future of Ola’s venture into electric vehicles and quick commerce. He sent an internal email to Ola employees, informing them of his decision and expressing his confidence in the company’s growth.

Bhavish Aggarwal’s Current Positions

Awards, Recognitions & Nominations Received by Bhavish Aggarwal

• mBillionth Award in South Asia in 2013.
• Honoured by HATT.
• Featured in Hindustan Times ‘30 under 30’ list
• Featured in Forbes ‘30 under 30’ lit
• CEO of the Year at the 2019 SABRE Awards South Asia
• Disruptor of the Year by CNBC-TV 18.

Bhavish Aggarwal’s Wife and Kids

Bhavish Aggarwal is married to her long-time girlfriend Rajalakshmi. The couple started dating in 2007 during their college time at IIT Bombay.

They both were studying engineering and became friends and soon this friendship turned into a long-term relationship. The couple has had no kids till now.

Talking about Bhavish Aggarwal’s family, his father Naresh Aggarwal is a businessman himself and her mother Usha Aggarwal is a homemaker. His younger brother Ankush Aggarwal is also an entrepreneur and currently owns a finance company – Avail Finance.

Bhavish Aggarwal Salary and Other Sources of Income

As the CEO of India’s biggest taxi service provider – OLA, Bhavish Aggarwal gets an annual salary of approx 15 crores. Apart from this, he also earns from other investments, compensation, and bonuses, which further adds to his wealth of around $500 million.

Bhavish Aggarwal’s Net Worth in 2023

Bhavish Aggarwal is one of the richest entrepreneurs in India, with a net worth of $500 million as of 2023. That is equivalent to about Rs 3500 crore in Indian currency. He makes around Rs 15 crore to Rs 20 crore every month from his various sources of income.

The main source of his wealth is Ola, the cab aggregator company that he co-founded with Ankit Bhati in 2010. Ola is valued at $6.5 billion as of 2023 and has more than 4-5 lakh employees working for it.

With such a huge net worth, Bhavish lives a luxurious life. He owns several properties worth thousands of crores. Additionally, you will be amazed to know about Bhavish Aggarwal’s car collection, which includes

• Bugatti Veyron: 5 crore rupees
• Rolls Royce Phantom: 12.6 Crore Rupees
• Mercedes S600: 10.8 Crore Rupees
• Rolls Royce Cullinan: 7 Crore Rupees
• Land Rover: 60 Lakh Rupees

Bhavish Aggarwal’s Social Media Accounts

Apart from being a successful entrepreneur, Bhavish is a popular internet celebrity. He often connects with his followers through webinars and videos. He is active on several social media platforms, including

Popular Quotes by Bhavish Aggarwal

“All things can be done by every company in the world. Apple builds a phone, and so does Samsung. It’s not about being different but about being better at what you do.”

“In 10 years of being together – 6 while dating and 4 in marriage – my wife has never once complained about my physical or mental absence in our relationship.”

“I always have my backpack. Bhavish Aggarwal If we want, we can be profitable, but we are focusing on growth. We don’t comment on profitability, but we do look at it internally. And many of our Ola cities are profitable. But our focus across all cities is growth.”

“As an entrepreneur, I am focused on my business.”

“As entrepreneurs, we sometimes do not understand the complexities of running a government.”

“There are many people who think we had the first-mover advantage. But actually, when Uber came to India, Ola was doing only 2,000 rides per day. We had less than half a million dollars of funding.” 

Astounding Facts About Bhavish Aggarwal

• Bhavish worked for Microsoft India for 2 years.
• He started a travel agency after leaving Microsoft but soon he shut it down.
• He wakes up at 7 in the morning and ends his day at 1 in the night.

FAQs

What Is Bhavish Aggarwal Famous For?

Bhavish Aggarwal is famous for being the co-founder of Ola Cabs and the founder of Ola Electric, two of India’s leading mobility companies.

Who Is The CEO Of Ola Company?

The CEO of Ola company is Bhavish Aggarwal himself. He has been leading the company since its inception in 2011.

Who Owns Ola Now?

Ola is owned by ANI Technologies Pvt Ltd, a company registered in India. Bhavish Aggarwal and Ankit Bhati are the co-founders and major shareholders of ANI Technologies.

Is Bhavish Aggarwal A Billionaire?

Bhavish Aggarwal is not a billionaire yet, but he is one of the richest entrepreneurs in India. According to Forbes, his net worth was estimated at $300 million.

How Much Of Ola Electric Does Bhavish Aggarwal Own?

Bhavish Aggarwal owns 100% of Ola Electric, a subsidiary of ANI Technologies. He founded Ola Electric in 2017 to manufacture and sell electric two-wheelers in India and abroad.

Who Invested In Ola?

Ola has received investments from various sources, including SoftBank, Tiger Global, Tencent, Hyundai, Kia, Sachin Bansal, Ratan Tata, and others. The company has raised over $4 billion in funding so far.

Who Founded Ola?

Ola was founded by Bhavish Aggarwal and Ankit Bhati in 2011. They met at IIT Bombay and decided to start a cab aggregator service in Bengaluru.

What Is The Age Of Ola CEO?

The age of Ola CEO is 38 years as of 2023. He was born on 28 August 1985 in Ludhiana, Punjab.