'I've never bought a single share in my life': Billionaire Ola CEO

Ola CEO Bhavish Aggarwal recently said at the Ola Sankalp 2024 event that Ola remains his first love as he reflected on the company's growth and discussed his plans. 

He also revealed the expansion plan of Ola into a diverse group, including Ola Electric and the AI venture Krutrim, expressing his strong attachment to Ola Cabs. Aggarwal positioned Ola Electric as a global player, differentiating it from Tesla, and introduced Ola’s new venture, Krutrim, which focused on building an AI tech stack in India, solving the "data colonialism." by big tech companies like Google.

However, interestingly, the billionaire tech shared an astonishing bit about his wealth. He admitted to never investing in the stock market, attributing his wealth to his companies. He and his wife keep their money in savings accounts and fixed deposits. 

“I’ve never bought a single share in my life,” he said.

Mr Aggarwal also highlighted Ola's ventures in electric vehicles and AI, positioning the company to shape the future of both industries. Ola Electric aims to make India a leader in the electric vehicle market.

When discussing the move to public markets, Bhavish Aggarwal joyously said he embraced the responsibility of managing citizens’ money and the pressure of making cautious decisions. 

Social Media Reaction:

Online users have been sceptical about the Ola electric CEO's recent claims. 

One user wrote, "I'm suggested to a Indian never buy ola electric my vehicle is breakdown since 8 months is making fool don't waste your valuable money please don't use ola"

Another user commented, "Bhavish is living in his own multiverse. Where he is the richest person in the planet and musk is the second richest."

A third user replied, "Bhavish is telling elon musk to try something new. I mean shouldn't he be the one to try something new? This guy always managed to make a joke of himself."