As of May 5, 2025, Bhavish Aggarwal, founder of the Ola Group, is reportedly planning to transfer the intellectual property (IP) rights for the Ola brand from ANI Technologies to a new holding company controlled by his family office. This restructuring aims to enhance operational agility and unlock greater value as the group ventures into capital-intensive businesses like Krutrim AI, which plans to develop large language models and AI chips. The move has raised concerns among ANI shareholders, who fear losing future royalty income from the brand license .

Currently, ANI Technologies operates the group’s ride-hailing business and holds the brand IP, which is licensed to Ola Electric, a separately listed electric vehicle company, in exchange for a fee. The proposed shift in ownership comes amid broader questions over the cross-holding of assets within the Ola ecosystem. The firms—ranging from ANI to Ola Electric and AI startup Krutrim—have overlapping but distinct shareholder bases .

Efforts to take ANI Technologies public have been in motion since 2020, but the process has been repeatedly stalled. Plans for an initial public offering (IPO) of the ride-hailing business are currently on hold .

Sources