He joined the electric two-wheeler maker in August 2019. Over the course of his five-year employment, Ramayan Sagar took charge of the company’s expansion for battery swapping business and foods business. He was also involved in the construction of the company’s 'Futurefactory'.
In his latest role at Ola, he worked as the Head of Procurement - Group Indirect to drive transformative strategies in IT, tech, manpower, admin, testing and factory operations purchases.
According to his professional networking profile on LinkedIn, he was tasked with optimizing costs and ensuring operational efficiency, along with spearheading the procurement of technologies crucial to the growth of the organization. He also streamlined procurement processes, negotiated key contracts, and implemented cost-saving measures.
In his new role, Ramayan Sagar is likely to join a Tata Group company in the coming week, one of the sources quoted above said.
Earlier, he has worked with Tata Motors Limited for almost 12 years in various roles, where he joined in January 2007 as a Manager and moved up to DGM of Operations in August 2018. Through these years, he was involved in several different roles including the development and launch of Prima Trucks. He contributed to the cost optimization of Tata Hitachi and Tata Marcopolo.
Ramayan Sagar started his career with Sonalika Tractors.
Meanwhile, Ola Electric had posted a net loss of INR 1,472 crore in FY23 on operating revenue of INR 2,631 crore. For the first quarter of FY24, it had reported a net loss of INR 267 crore on operating revenue of INR 1,243 crore.
As per media reports last week, IPO-bound Ola Electric is finalizing its plans to lay off around 400-500 employees in the coming weeks as founder Bhavish Aggarwal sharpens focus on reigning in operating costs ahead of its initial public offering.
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