Bansal, who announced his resignation from the country's second largest software services firm in October this year, will join the Softbank-backed Ola in January 2016.

"Rajiv brings close to 21 years of experience in finance with over 16 years at Infosys, where he was the CFO and recently transitioned to being an advisor to the CEO. Rajiv
will be part of Ola's core leadership team," Ola said in a statement.

Mitesh Shah, who is currently the CFO, will lead strategic finance initiatives as part of Bansal's team, it added.

Ola, which has recently raised its series F funding of USD 500 million, is one of the most valued startups in the country.

Ola's investors include SoftBank Group, Tiger Global, Matrix Partners, Steadview Capital, Sequoia India, Accel Partners US and Falcon Edge, among others.

Latest News  from Business News Desk