Group company structure

Cab Riding Major Ola is set to walk along the footprints of India's most successful internet startup Flipkart as it is about to adopt a group holding company structure that would boost company's valuation and improve its business management. According to sources, Ola will set up a holding company consisting of different units that will include its core cab business, food delivery app Foodpanda and the inceptive business of electric vehicles along with the international unit. Each of the units will have their respective heads looking after business operations. The recent exit of company's COO Vishal Kaul has now put prominent names such as senior vice-presidents Saikiran Krishnamurthy and Pallav Singh on the tentative list of senior hierarchy under the new structure. People familia...