Hyderabad, Nov 21 (IEBusiness) Ola, one of the world’s largest ride-hailing companies on Thursday announced the appointment of Hemant Kaul to the Board of Directors of its Financial Services arm— Ola Financial Services (OlaMoney).
Mr Hemant was part of the initial start-up team of UTI Bank / Axis Bank.
He was instrumental in setting up the retail banking function at UTI Bank / Axis Bank and was an Executive Director of Axis Bank until 2009.
Thereafter, he was the MD & CEO of Bajaj Allianz General Insurance until 2012. Hemant is a veteran in India’s financial services space with over four decades of experience. Since 2012, he has been an independent management consultant, advising various businesses across banking, financial services and private equity.
Ola Financial Services offers a host of financial solutions ranging from the OlaMoney wallet to Postpaid services and Micro-insurance for rides taken on the platform to a one-of-a-kind health insurance solution. The company is already India’s largest private micro-insurance platform and largest provider of post-paid services.
With a commitment to driving India’s digital economy forward, OlaMoney is working towards building products that are simple, accessible and have a positive impact on the lives of both its customers and driver-partners, a statement here said.