Adithya Ghosh who was the Chief Executive Officer of Oyo hotels and homes has decided to move out to a board member position and hand over the position to Rohit Kapoor who is also the CEO of Oyo's new real estate business. prior to Oyo Rohit Kapoor was the executive director and a member on the board of max healthcare a joint venture between Max India and life health care in South Africa.
Oyo is valued at a worth of more than 10 billion US dollars and is planning to go for initial public offerings.
Mr. Ghosh has plans to provide oversight as Oyo evolves into a truly global high performing company that scales sustainability on the path to profitability with higher expectations from consumers, asset owners, investors and employees.
The five key areas of his focus are safety and security, customer experience, corporate governance, revenue management and stakeholder communications.
Adithya Ghosh as a board member will be joining Oyo founder and group chief executive Ritesh Agarwal, Betsky Atkins CEO of bajaj corporations, Munish Varma softbank managing partner.
Ghosh says the opportunity is all this and more as we aim to set new standards of corporate governance so excited and keen to play a larger role and harness the experience in helping public company operate well and ascribe to high standards.
Development comes at a time when Oyo has reported a massive loss for the financial year ended March 2019. The startup losses balloned more than six fold to 2,384.69 crore in 2018-19 even as revenue jumped more than four fold during the period, signalling that the six year old startup has a lot to do before it can think of a public share sale. Revenue climbed to 6,457 crore in 2018-19 from 1413 crore a year ago, according to a valuation report filed with ROC.
In his new role Rohit Kapoor will look at operations of over 18,000 hotels across over 500 cities in India.
Oyo is valued at a worth of more than 10 billion US dollars and is planning to go for initial public offerings.
Mr. Ghosh has plans to provide oversight as Oyo evolves into a truly global high performing company that scales sustainability on the path to profitability with higher expectations from consumers, asset owners, investors and employees.
The five key areas of his focus are safety and security, customer experience, corporate governance, revenue management and stakeholder communications.
Adithya Ghosh as a board member will be joining Oyo founder and group chief executive Ritesh Agarwal, Betsky Atkins CEO of bajaj corporations, Munish Varma softbank managing partner.
Ghosh says the opportunity is all this and more as we aim to set new standards of corporate governance so excited and keen to play a larger role and harness the experience in helping public company operate well and ascribe to high standards.
Development comes at a time when Oyo has reported a massive loss for the financial year ended March 2019. The startup losses balloned more than six fold to 2,384.69 crore in 2018-19 even as revenue jumped more than four fold during the period, signalling that the six year old startup has a lot to do before it can think of a public share sale. Revenue climbed to 6,457 crore in 2018-19 from 1413 crore a year ago, according to a valuation report filed with ROC.
In his new role Rohit Kapoor will look at operations of over 18,000 hotels across over 500 cities in India.
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