After diversifying business units, OYO has now shuffled its senior leadership team. The company announced that it has elevated India and South Asia CEO, Aditya Ghosh, to the board of directors. And Ghosh will be succeeded by Rohit Kapoor, who was heading Oyo’s new real estate business. Rohit’s new role will be effective from January.
Ghosh joins OYO’s board which comprises of Ritesh Agarwal, Founder & Group CEO, OYO Hotels & Homes; Betsy Atkins, Founder & CEO, Baja Corporation; Munish Varma, Managing Partner, SoftBank Vision Fund; Bejul Somaia, Partner, Lightspeed India Partners Advisors; Mohit Bhatnagar, Managing Director, Sequoia Capital India Advisor among others.
Aditya Ghosh said, “The opportunity is all this and more, as we aim to set new standards of corporate governance and build a sustainable business at scale, with a clear path to profitability. I am, therefore, excited and keen to play a larger role and harness my experience in helping a public company operate well and ascribe to high standards of sustainable growth.”
OYO has also announced the appointment of Rohit Kapoor, the current CEO, 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, the newly appointed CEO of OYO Hotels & 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. Given the impressive performance of the hotels’ business in India and South Asia, I do have some big shoes to fill. I will do my best and Aditya has promised to be my guiding light in the process.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 & Ritesh during the transition period and also working with each one of the 10,000+ strong OYOpreneur community in India & South Asia as we lead by example and set new standards of excellence for OYO and the hospitality industry at large.”
The six-year-old company has a portfolio of more than 35,000 hotels and 125,000 vacation homes, and over 1.2 Mn rooms across 80 countries and 800 cities. Its verticals vary from holiday homes, casino hotel and coworking spaces to budget hotels, corporate stays and more.
As the company’s focus transitions towards international growth, strong Indian operations are also essential in the face of protests and dissatisfaction among customers and hoteliers.
