Ritesh was listed as the youngest self-made billionaire by Forbes in 2020, with an estimated net worth of $1.1 billion.
Ritesh Agarwal is the founder and CEO of OYO, one of India's fastest-growing hospitality companies. Born in 1993 in Cuttack, India, Agarwal dropped out of college at the age of 17 to pursue entrepreneurship. He started his first venture, Oravel Stays, which later evolved into OYO Rooms, in 2013.
Agarwal's vision for OYO was to make budget accommodation available to all Indians at affordable rates. His model of standardizing and upgrading budget hotels was a hit with customers, and soon OYO became one of the most successful start-ups in India. Today, the company operates in over 80 countries, with over 43,000 hotels and 1.5 million rooms.
Agarwal's leadership has been instrumental in OYO's success. He has been recognized as one of the youngest entrepreneurs in the world, and has received numerous accolades, including the prestigious Forbes 30 Under 30 in Consumer Technology award. He was also listed as the youngest self-made billionaire by Forbes in 2020, with an estimated net worth of $1.1 billion.
Agarwal is known for his unconventional leadership style. He often works from different locations around the world, and has a unique management philosophy that puts employees first. He believes in creating a positive work culture that values diversity and inclusivity. Under his leadership, OYO has become one of the best places to work in India.
In addition to his work at OYO, Agarwal is also involved in several philanthropic initiatives. He started the OYO Foundation in 2020 to support education and healthcare programs in India. He has also been involved in initiatives to promote entrepreneurship and innovation in the country.
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