The CEO And Several top executives of BluSmart resign. Bandora
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- Location: Bandora, Goa, India
Multiple high-level departures have occurred at BluSmart Mobility, which is actively restructuring its operations to optimize its finances. Sources claim that the company’s chief executive officer, Anirudh Arun, chief business officer, Tushar Garg, chief technology officer, and vice-president of experience, Priya Chakravarthy, have all resigned.
One of the sources stated that Nandan Sharma, who was previously the vice-president of business and operations, will become the CEO, and that other departures might occur in the days ahead.
This follows the announcement of a restructuring by the company BluSmart. In so doing, the company’s parent body, Gensol Engineering, is terminating its existing lease agreements. As part of this transaction, Refex Green Mobility will be buying 2,997 electric cars from Gensol, and the cars will then be leased to BluSmart by Refex Green Mobility. The single deal charges Refex with the Rs 315-crore existing debt of Gensol, and this takes care of nearly 34 percent of the entire fleet of BluSmart: 8,700 cars. Notably, the agreement has not yet secured the necessary regulatory approvals.
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