Today we will know about the success story and life introduction of Ritesh Agarwal, the founder of India’s largest hotel chain OYO Rooms. He is the founder and chief executive officer (CEO) of Oyo Rooms, a company associated with the online hotel business. Ritesh Agarwal of OYO Rooms has proved this that if you love something with all your heart, then the whole universe tries to match it with you. Ritesh Agarwal, the founder of OYO Rooms, is the youngest billionaire in the world according to the Hurun Global Rich List.
Ritesh Agarwal was born in Cuttack, Odisha on 16 November 1993 in a Marwari family. His father works with Infrastructure Corporation and his mother is a housewife. Ritesh Agarwal did his ‘early’ education from the Sacred Heart School in Raigad, Odisha. Ritesh came to Kota after 12th class to study engineering. Ratesh left his studies midway and started a start up named Oravel Stays in 2011 at the age of 18.
Ritesh Agarwal Career
Ritesh is very fond of traveling. This hobby of his gave him the idea of business. When he got a chance to go for a trip to the mountains. He realized that there is a lot of difficulty in arranging the rooms. Since then a unique business idea was born in his mind, he first started his startup business Oravel Stays in 2012.
Initially, due to less facilities in this company, the inclination of the people decreased. There came a time when he had to close his company. After that, he again started his company with a new name Oyo Rooms. This time his company used to provide hotels to the people at very low prices along with the facilities there. Special care was also taken due to which the company started being liked by more people. Gradually, his company expanded to many countries of the world. Today the total turnover of his company is ₹ 8000 crores.
Company expansion in the world
Today, a total of 17000 people work in his company. At present, the company is operating it’s business in countries like India, Nepal, Saudi Arabia, Indonesia, China, Philippines, Vietnam, Brazil, Mexico and United States of America. In order to expand the business even further, an agreement has been signed with all the hotel owners , under which Oyo company logo will be imposed on all the hotels in America.
Ritesh is currently leading a team of people educated from institutes like IITs and IIMs. In an interview, Ritesh had said that drop outs in India are made fun of and they are not considered intelligent at all. He believes that Few more drop outs will earn name in India in next few years.