TaxiForSure CEO Arvind Singhal Resigns

He served as CEO for just 4 months and cited personal reasons for stepping down. Singhal was appointed as CEO of the company in March after Ola acquired it for $200 million. His resignation comes at a time when several top officials from TFS are leaving the company and brings up the question of Ola wanting to integrate TFS within itself.

Arvind Singhal, CEO of TaxiForSure has quit the company four months after the took up the post citing personal reasons.

Arvind Singhal

Singhal was appointed as CEO of the company in March after Ola acquired it for $200 million. He joined TFS in October 2014 as its COO and served in that position up until he became CEO.

Pallav Singh, who currently is the SVP of operations at Ola will take over Singhal’s role as CEO of TFS.

The development comes at a time when top executives at TFS are calling it quits. Amol Patil, who headed engineering quit in May this year, Amitava Ghosh who was the chief technology officer and Hari T.N who was the chief people officer left in March.

Further,  CFO Ganesh Venkataraman, CMO Randeep Singh and product management head Nitin Pulyani have also departed from TaxiForSure in recent times.

The developments raise the question of whether Ola is working to integrate TaxiForSure within itself, despite the company stating that TFS would remain an independent entity at the time of the acquisition.

Consolidation seems to be the smarter option since both companies offer pretty much the same service to customers. Further, with Uber rapidly scaling up its operations in India, Ola is going to need all the help it can get to ward off the attack.

TaxiForSure recently made news after one of its driver in Delhi was found masturbating while driving by a female passenger. The incident was one in a long list of controversies that has marred the online taxi industry.

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