What is the salary of Ritesh Agarwal?

According to the Draft Redding Herring Prospectus Oyo filed on Friday, the salary of the firm's founder Ritesh Agarwal rose eightfold to Rs 1.62 crore in financial year 2020-21 from Rs 21.5 lakh the previous year.

What is the income of Ritesh Agarwal?

His net worth in 2020 was estimated to be approximately $1.1 billion (₹7253 crore) according to Hurun Rich List 2020. As of February 2020, he is the second youngest self-made billionaire in the world after Kylie Jenner.

Is Ritesh Agarwal a billionaire?

In the year 2020, Ritesh Agarwal's net worth was around INR 7,253 crore which is $1.1 billion dollars making him the world's youngest self-made billionaire after the effervescent Kylie Jenner. The company has more than 72,000 rooms in 8000 hotels across 250 towns in India.

How much of OYO does Ritesh Agarwal own?

Of the total 33.15% that Agarwal owns in Oyo, a chunk (24.94%) is held through RA Hospitality Holdings (Cayman) at ₹101.23 a share, while the balance of 8.21% is the only tranche of holding that has come cheap at ₹0.01 per share.

What is OYO full form?

OYO Rooms stands for On Your Own Rooms. It is India's largest hotel network which is spread over 199 cities. It is headquartered at Gurugram in Haryana. It aims is to become world's most loved hotel brand. OYO has more than 6500 hotels which offer standardized and comfortable stay at an unmatched price.

Ritesh Agarwal BILLIONAIRE Lifestyle: Hot Babe, New Whips, No Worries!

Is Ritesh Agarwal on Instagram?

Ritesh Agarwal (@riteshagar) • Instagram photos and videos.

What did Ritesh Agarwal study?

Ritesh Agarwal was born in Rayagada, Orissa. He went to the Sacred Heart School in Rayagada. Right from his school days, Ritesh was inclined towards computers, software and coding.

Why is OYO in loss?

"Oyo has been deliberately suppressing sales figures. It has been under-reporting revenues generated from hotels and has also been evading taxes," according to Pradeep Shetty, Joint Honorary Secretary, FHRAI.

Is OYO making profit?

OYO has weathered net losses since its inception in 2013. It may not be profitable yet, but the company did manage to narrow losses from ₹12,799 crore in 2020 to ₹3,929 crore in 2021. Atop that burden, its total income decreased catastrophically by 69% from ₹1,3413 crore in 2020 to ₹4,157 crore in 2021.

Who is youngest billionaire in India?

The life story of Vijay Shekhar Sharma, is no less than a feature film. From being a son of a school teacher hailing from a small city in northern parts of India to becoming the richest and the youngest billionaire of India, his journey is truly an inspiration for most of us.

What is the salary of Google CEO?

Sundar Pichai salary

He was appointed as Google CEO in the year 2015. As per media reports, Pichai earned a salary of over $1 billion (which is 100 crores in INR) every year between 2015 and 2020. Reports also suggest that Pichai's base salary is $2 million (which is around Rs 20 lakh).

How Ritesh Agarwal started OYO?

Origins. Agarwal first attempted to combine technology with hospitality in his late-teens, when he launched Oravel Stays, an online portal for guest houses and vacation rentals. In short order, however, he realized the world could do with one less booking platform.

Did Ritesh Agarwal know code?

He knows no coding and has faked almost every credential prior to his funding rounds. I am not in contact with him since Oyo's second round of VC funding with Sequoia in early 2015, and can't comment if he learned some kind of coding afterwards, but much of what had to happen happened already by then.

Is Ritesh Agarwal MBA?

27-year-old Ritesh Agarwal is no newcomer to success, but also tribulations in the business world. Rather, the entrepreneur dropped out of college to chase his dream, instead of waiting for 'experience' or even that coveted MBA to get it all.

Why did Ritesh go to Kota?

Agarwal moved to Kota in the northern Indian state of Rajasthan soon after finishing his school studies to get coaching to enter the prestigious Indian Institute of Technology (IIT) and would travel to nearby Delhi over the weekends.

What is OYO famous for?

India's largest budget hotel chain, OYO rooms is one of the most preferred hotel booking destinations for a vast majority of students in the country. The rise in popularity of OYO among students is attributed to the extremely flexible booking policies which accommodate special requests and needs of the young guests.

How many countries is OYO?

As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries, including India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, and the United States.

Is OYO a good company to work for?

Oyo Rooms is rated 3.5 out of 5, based on 3.1k reviews by employees on AmbitionBox. Oyo Rooms is known for Skill development which is rated at the top and given a rating of 3.5. However, Job Security is rated the lowest at 2.6 and can be improved.

Why is OYO famous for unmarried couples?

OYO rooms have come to the rescue. Their app features a 'relationship mode' which helps users find hotels that are couple-friendly, that is, they allow unmarried couples even with local ids to check in without any hassles.