Ritesh Agarwal: Founder And CEO Of OYO Rooms


Abirath EV

Ritesh Agarwal is a successful Indian entrepreneur who founded OYO Rooms and serves as its group CEO.

Ritesh founded Oyo Rooms, a hospitality chain that primarily focuses on providing low-cost hotels, when he was only 19 years old.

Ritesh Agarwal Born on 16 November 1993 to a Marwari family in Odisha. Ritesh's family used to own a small shop in Rayagada, an Odisha district in the south.

Ritesh received Rs.5.6 crores in remuneration for the fiscal year 2021-22. According to reports, his net worth is $1.1 billion, or Rs 7,253 crores.

He completed his college studies in the University of London’s International Program, run by the Indian School of Business and Finance.

Ritesh plans to marry his fiancee Geet in March 2023. According to news reports, it will be followed by a reception at a five-star hotel in the national capital of Delhi.

Ritesh invited Narendra Modi to their wedding with his mother and finance. Ritesh posted photos of the engaged couple touching the Prime Minister's feet for a blessing.

Ritesh recognized a severe lack of affordable and high-quality hotels in the budget hotel segment. In 2013, Oravel Stays was renamed and OYO rooms were born.

Ritesh became a millionaire at 22 years old. Today, OYO, India's largest hotel chain, operates in 800 cities in 80 countries.