New Delhi/Bengaluru, Feb. 23 -- Embattled entrepreneur Bhavish Aggarwal-owned artificial intelligence venture, Krutrim, is being propped up almost entirely by business routed through venture-capital- and public-investor-backed Ola companies - raising fresh questions among experts over governance and the use of shareholder-backed resources to support a promoter-owned unit.
Krutrim SI Designs Pvt Ltd, which Aggarwal set up through his family office in the summer of 2023, reported revenue from operations of Rs.101.7 crore for the year ended March 2025, according to its financials filed with the ministry of corporate affairs. Of this, Rs.90.8 crore or 90% of revenue came from two group entities: Ola Electric Mobility and ANI Technologies.
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