After diversifying business units, Gurugram-based hospitality unicorn OYO Hotels and Homes has now shuffled its senior leadership team. The company, on Monday (December 2), announced that it has elevated India and South Asia CEO, Aditya Ghosh, to the board of directors.
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.
Agarwal, who is founder and Group CEO of OYO Hotels and Homes, said, “Aditya’s strong business acumen, problem-solving capabilities, passion for building an organization 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.”
In his new role at the board, Ghosh will provide governance and leadership. He will focus on five key areas: safety and security, customer experience, corporate governance, revenue management and stakeholder communications.
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.”
With Ghosh’s elevation, his role will now be taken over by Rohit Kapoor, who was earlier head of real estate business for OYO. The company said that over the last year, Kapoor 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.
He will now also manage the operations of over 18K hotels across 500 cities in India and South Asia. Ghosh and Kapoor will be working closely through the coming month to enable a smooth and seamless transition. As part of his new role, Ghosh will continue to remain accessible whenever needed.
Kapoor, the newly appointed CEO of OYO Hotels and Homes, said, “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.”
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.