Bhavish Aggarwal Success Story: A Saga Of Triumph

Bhavish Aggarwal Success Story has inspired millions. He is the co-founder of OLA Cabs and the founder of OLA Electric, which revolutionised the entire transportation landscape of the nation. Bhavish Aggarwal is the name everyone knows; with a net worth of INR 11,700 crores, he is one of the most successful startup founders in the country. There is a lot we can learn from the success of Bhavish Aggarwal, so now delve into it. 

Bhavish Aggarwal’s early life and education

Bhavish was born in Ludhiana, Punjab, on August 28, 1985. He is the son of Naresh Kumar Aggarwal and Usha Aggarwal, a Punjabi Hindu family; his humble background played a huge role in his success. Bhavish Aggarwal success story is incomplete without his education. He graduated from India’s premier engineering institute, IIT Bombay, with a B.tech degree in computer science. However, he failed to crack IIT on his first attempt. But with his determination and hard work, he made it to IIT Bombay on his second attempt. During his completion of B.Tech at IIT Bombay, he secured an internship at Microsoft and swiftly transitioned to a full-time employee role with the company. However, this did not satisfy his quest for entrepreneurship. Within a few years of working for Microsoft, he left his job and embarked on the entrepreneurial journey.

Bhavish Aggarwal’s Career

After graduating from a top-tier engineering college in India, Bhavish started his career at one of the tech giants, Microsoft, where he worked as a full-time employee, which became a pivotal point in Bhavish Aggarwal success story. Let’s see his life in detail:

Career At Microsoft

As we have already discussed, during his graduation from IIT, he was selected as a research intern and later as an assistant researcher; just two years after joining, Bhavesh filed two patents and got three papers published in an international journal. After that, he quit his job to embark on an entrepreneurial journey. 

Spark Of Innovation

Bhavish Aggarwal success story takes a new turn after he quit his job at Microsoft within the first 2 years; what made him do this? Well, the answer is quite simple: passion and purpose. Even though Bhavish was great at Microsoft, it couldn’t hold him back from pursuing his passion. What was the purpose? There is quite an interesting story behind this: when he was traveling from Bangalore to Bandipur, he faced trouble finding trusted transportation; this is when he found an opportunity to solve the transportation issue in India, thus giving birth to OLA in 2010. Bhavish is a purpose-driven entrepreneur who is motivated to bring positive change in society. 

He launched Ola Electric in 2017, and the company now owns a 38% share of the market, playing a significant role in Bhavish Aggarwal success story. According to the Society of Manufacturers of Electric Vehicles data, the company has sold more than 2,39,000 electric scooters since December 2021 to 2023. Bhavish Aggarwal’s Ola Electric’s Future factory in Krishnagiri, Tamil Nadu, employs over 10,000 women. The manufacturing facility spans 500 acres and boasts the capability to manufacture up to 10 million electric scooters annually. Remarkably, a female workforce wholly operates this facility.

What made Bhavish Aggarwal successful?

Bhavish Aggarwal success story is not without failures and hardships; in an interview with Yourstory, he mentioned, “I met all kinds of people–sometimes clapping for me, and sometimes throwing stones at me. It does impact a lot. Everybody wants their work to be recognised. The intent behind the hard work that I personally put in is to truly create a change for society. However, when people try to pull you down, it hurts.” These lines are a testament that even after incredible achievements, he had to face a lot of hurdles in his life, which ultimately led to the success of Bhavish Aggarwal. 

Learning From Mistakes

“The only real mistake is the one from which we learn nothing.”– Henry Ford 

Any success story is incomplete without failure, and so is the  Bhavish Aggarwal success story; he had to face a lot of hardships in his journey of entrepreneurship well, which has not gone unlearnt by him; in an interview with Yourstory, he mentioned, “I’ve made mistakes, and I’ve learned from them. We have shut down businesses like the food business we did twice, and we learnt from it and decided not to do it. But once I believe in something, I will stand by it.

Role Of OLA in Bhavish Aggarwal Success Story 

As per the IIFL report, Bhavesh Aggarwal’s net worth is around INR 11,700 crores, out of which OLA contributes to a significant portion, apart from the various investments he has made. With each passing year, a new chapter is added to Bhavish Aggarwal Success Story; he is currently working as the CEO of OLA and is continuously working on OLA’s key points and on his ambitious plans to strengthen its position in the market.  

Some Key points about OLA are:

Technology

Ola’s advanced mobile technology platform offers robust functionality that enables customers like us to book a cab and ensure a secure journey easily.

Brand Reputation

Ola has successfully cultivated considerable brand equity and established a unique standing within the marketplace, solidifying its reputation.

Employees

Many of its employees, who work in various domains like IT, sales, customer support, finance, and business management, assist the company in expanding its business.

Engaged Community

Vibrant and actively involved, Ola has fostered a community of passengers who rely on its services daily.

Driver Partners

Do you know the main driving point of OLA’s success? At the heart of Ola’s cab business model lie its proficient and well-trained driver partners, who form an indispensable asset crucial to its success.

Ending Note

In Bhavish Aggarwal success story, one can learn that he is a self-made man who became one of the most successful businessmen not only in India but worldwide. His journey serves as a beacon of inspiration to budding visionaries who have shown that anything can be achieved with hard work, determination, and persistence. We hope that Bhavish Aggarwal success story has inspired you a lot to fulfill your dreams, too.  

Frequently Asked Questions

Who is the wife of Bhavesh Aggarwal?

Rajalakshmi Aggarwal is the wife of Bhavesh Aggarwal.

Is OLA profitable or not?

As per Business Today, “the company’s India mobility business reported a standalone profit of Rs 250 crore in FY23 after a loss of Rs 66 crore in FY22. The company’s revenue grew 58% to Rs 2,135 crore in FY23 from Rs 1,350 crore in FY22.”

Who invested in OLA?

Hero Enterprise, IIFL, Edelweiss, Siddhant Partners, Tejal Merchantile, Vicco Laboratories, Alka DP Family Trust, Segantii Capital, AIF, and  PMS Arrow Multi-Asset Fund are some of OLA’s major investors.

Did OlA copy Uber?

Yes, the OLA business model is akin to Uber’s. However, OLA is still the dominant player in the market. 

Who are the earliest investors of OLA?

Anupam Mittal was among the earliest investors of OLA.

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