New Delhi: TaxiForSure, the cab hailing service purchased by rival Ola for $200 million in March, said on Wednesday that its chief executive Arvind Singhal had quit, citing personal reasons.

Pallav Singh, senior vice president of operations at Ola, was named the new chief executive of the company, TaxiForSure said in an e-mail response to queries from Mint.

Singhal’s departure comes amid speculation that Ola may be considering the closure of TaxiForSure as an independent business over the next year.

TaxiForSure is in the middle of restructuring its operations by moving all of its engineering and product employees to its owner Ola, Mint reported earlier this month.

In June, Ola, in one of its major integration initiatives after the acquisition, said that it will allow users to book TaxiForSure cabs on its mobile app.

According to the company, “TaxiForSure continues to operate as an independent brand with a focus on the economy cab segment. We have found significant benefit in integrating some core teams such as Product and Engineering across both brands in the recent past."

TaxiForSure’s vice-president and head of human resources Mamta Singh has also quit the organization, two people aware of the development said on condition of anonymity.

The company witnessed mass departures after its acquisition by Ola in March when co-founders Aprameya Radhakrishna and Raghunandan G., chief financial officer Ganesh Venkataraman and human resources head Hari T.N. left.

Since then, the company had been headed by Singhal, its previous chief operating officer.

TaxiForSure also plans to reduce the number of branch chiefs, who oversee city-specific operations, to 10 from more than 20 to consolidate control over operations, Mint reported last week.

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