OYO Hotels and Homes announced the elevation and addition of Aditya Ghosh, the former CEO of India and South Asia for the hotels and homes business, to the company’s board of directors on December 2. Aditya is joining Ritesh Agarwal, Founder and Group CEO of OYO Hotels and Homes, Betsy Atkins, Founder and CEO of Baja Corporation and other industry experts like Munish Varma, Managing Partner of SoftBank Vision Fund, Bejul Somaia, Partner of Lightspeed India Partners Advisors, Mohit Bhatnagar, Managing Director of Sequoia Capital India Advisor among others, making it a powerful, diverse, and truly global combination.
Reflecting on this development, Ritesh Agarwal said, “Aditya’s strong business acumen, problem solving capabilities, passion for building an organisation with strong corporate governance and a high performing work culture that thrives on principles of diversity and inclusion, makes him the perfect choice for this larger and more strategic role, at a global level. I am certain that this decision will greatly help OYO achieve its goals, globally. Like always, we are blessed to have leaders like Aditya who continuously step-up to bigger roles to ensure the company derives benefits from their wealth of experience in such a critical juncture of not just growth, but principled growth for the company. His learnings will be invaluable for all of us.”
OYO also announced the appointment of Rohit Kapoor, the current CEO of New Real Estate Businesses as the CEO for the entire India and South Asia business. Over the last year, Rohit has been overseeing the growth of OYO LIFE – the brand’s long-term rental housing portfolio as well as other new real estate businesses in India. Rohit’s remit will now also span the operations of over 18000+ hotels across 500+ cities in India SA.
Rohit Kapoor, newly appointed CEO of OYO Hotels and Homes, added, “This is a great opportunity as well as a humbling responsibility and I thank Ritesh and Aditya for the trust and confidence placed in me. In the last one year, the performance delivered, has been tremendous in not just scaling operations across 500 cities and 18000+ hotels but also delivering on sustainable growth with financial prudence. I look forward to working with Aditya and Ritesh during the transition period and also working with each one of the 10,000+ strong OYOpreneur communities in India and South Asia as we lead by example and set new standards of excellence for OYO and the hospitality industry at large.”