STARTUP LEGAL16 Sept 2026
Ola Electric payments to Bhavish Aggarwal's Krutrim nearly quadruple in one year | Company Business News
Ola Electric's payments to Krutrim SI Designs, the AI firm owned by chairman Bhavish Aggarwal, nearly quadrupled to ₹100 crore in FY26. They cover ₹54 crore for services and a ₹46 crore advance. Governance experts ask if such related-party deals were truly at arm's length, given shared board members. If your company has similar deals, review your disclosures and audit committee approvals.
Key Statutory Highlights
- Ola Electric's payments to Krutrim SI Designs, an AI company owned by chairman Bhavish Aggarwal, nearly quadrupled to ₹100 crore in FY26.
- The payments included ₹54 crore for services bought from Krutrim, up from ₹26 crore a year earlier, plus a ₹46 crore advance for services ordered but not yet invoiced.
- Governance experts said the overlap of board members across the two companies raises questions about whether these related-party payments were assessed as arm's length.
Actionable Advice for Taxpayers / Founders:If your business has related-party transactions, consider checking that your audit committee approved them in advance and that the terms are properly documented as arm's length.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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