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Ola, backed by Japan's SoftBank Group, is also gearing up to create something of a "super app" with plans to broaden its services beyond mobility to include personal finance and micro insurance, Aggarwal told the Reuters Next conference.

"We are not a company that takes a short-term view on anything. Short-term, there might be volatilities in the market but that has never informed our decisions," said Aggarwal, who founded the company in 2010.

Indian companies have raised a staggering $9.7 billion through initial public offerings (IPOs) in the first nine months of 2021, according to accountants EY, but the dismal stock market debut of Indian digital payments firm Paytm last month has caused worries among some bankers.

Ola, which has a majority share of India's ride-hailing market, where it competes with Uber Technologies, has plans to raise up to $1 billion through an IPO.

While Ola's finances have bounced back in recent months, Aggarwal said the company was working to improve them further after they were hit by the COVID-19 pandemic.

"Our vision for the Ola business is to be a large, broad-based mobility platform," Aggarwal said, adding that the Ola app already allows its 150 million customers to buy and sell new and used cars, and avail vehicle finance and insurance.