Cab aggregator Ola is ready to name Vijay Ghadge as the new chief operating officer, Business Standard reported.

The position has been vacant ever since Vishal Kaul left the company in May. Ola Co-Founder and Chief Technology Officer Ankit Bhati is currently filling in as COO.

Ghadge, a vice-president at the company, is among the key members and had earlier reported to Kaul.

Ghadge's appointment is likely to be a step towards a major restructuring in the company as there could be a churn in staff, affecting nearly 40 percent in the company, the report said citing two people familiar with the development.