Required fields are marked *. Ritesh Agarwal is one of the most famous and accomplished young Indian entrepreneurs. He is the co-founder and CEO of OYO Rooms, which is a high valued startup in India. The collaboration will be enabled for self-quarantine and isolation purposes in 6 cities, namely Mumbai, Delhi, Hyderabad, Chennai, Bengaluru, and Kolkata, for suspected COVID-19 patients who need medical observation and supervision. The organization relies on a two-pronged approach to mitigate contamination possibilities and improve social isolation and hygiene. Founder and Group CEO Ritesh Agarwal will forego 100 percent of his annual salary for the rest of the year starting April 2020. Ritesh Agarwal, the Founder & Group CEO, OYO Hotels & Homes, has decided to forego his salary for the rest of the year. Gurugram-headquartered hospitality company OYO on Thursday said its founder and Group CEO Ritesh Agarwal will forego his compensation for the rest of the year and its executive management team will take voluntary pay cuts as the hospitality industry reels under the coronavirus pandemic. By continuing to use this website you are giving consent to cookies being used. The company’s executive leadership team has taken a voluntary pay … Along with Agarwal, the group’s executive team have taken voluntary pay cuts of up to 50% this year. Estimated Net Worth of Ritesh Agarwal is around $1.1 billion. This site uses Akismet to reduce spam. Your email address will not be published. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The founder and chief executive of Indian hotel booking startup Oyo is to forgo the remainder of his 2020 salary in response to the coronavirus crisis. Oyo Hotels & Homes founder and group CEO Ritesh Agarwal has announced he will forego his salary for the entirety of this year as the company rolls out a number of cost-cutting measures. Ritesh Agarwal has forego his 100% annual salary while other OYO Executives take 25%-50% salary cut amid the coronavirus scare. OYO has also recently partnered with Apollo Hospitals to provide sanitized beds and facilities in some exclusive COVID-19 hotels located near Apollo Hospitals within its network. Ritesh Agarwal, CEO of the Founder & Company, OYO Hotels & Homes, has agreed for the rest of the year to forego 100 percent of his salary. Pritish Raj is a content writer at Next Big Brand. Ritesh Agarwal will forgo any pay from April, while the rest of the management team will take pay cuts of between 25% and 50%. At OYO, we are committed to the battle against COVID-19 and will seek to do all in our power to reach out and support people while ensuring the company’s long-term sustainability, and our ability to continue delivering on our goal of providing better living spaces for everyone, at the right prices, globally. Ritesh Agarwal's priority list for 2021. In this week's Drive into the New Year series, OYO’s Ritesh Agarwal says 2021 will be the year of resurgence after a year of resilience. In this unprecedented and difficult period, Ritesh Agarwal, the Founder & Group CEO, OYO Hotels & Homes, has decided to forego 100% of his salary for the rest of the year. Tax Planning; Personal Finance; Save for College; Save for Retirement; Invest in Retirement Find out more about how we use your information in our Privacy Policy and Cookie Policy. Highly enthusiastic about brands and startups, he aims to be a travel content creator. He previously used to take a menial salary to only cover his personal expenses but after the Series C funding received by OYO Rooms, his salary was increased to match that of other start up founders in India. Yahoo is part of Verizon Media. It is common that, salary and asset change over time. Ritesh Agarwal is an Indian Businessman and Founder of Oyo Rooms. The entire executive management team of the company has taken a voluntary pay cut beginning at 25 percent, with others opting for an additional unlimited amount and others up to 50 percent helping the company to develop the runway. We also add the controversies in this section. New Delhi, India. The company is well known as OYO which offering budgeted hotels to its customers. Ritesh Agarwal. Ritesh Agarwal - OYO Hotels and HomesOYO, in its official statement released earlier this month, … Despite the current market scenario, which is unparalleled for our industry internationally, for the remainder of the year, I forego 100 percent of my income. "The current situation the world over is … With its limited resources in this pandemic, OYO is doing everything in its power to help the world from making isolation centers to seeking a safe place for first responders. The rest of the company’s executive team will also take salary cuts of between 25% and 50%. The company’s entire executive leadership team has taken a voluntary pay cut of between 25 and 50 percent, effective April 2020. The company has ensured that all workers in India, including many post-lockdown hotels, can continue to receive their wages and benefits during the unprecedented 21-day lockdown period without interruption. Please enter your username or email address to reset your password. In this unprecedented and difficult period, Ritesh Agarwal, the Founder & Group CEO, OYO Hotels & Homes, has decided to forego 100% of his salary for the rest of the year. Oyo said on Thursday that Ritesh Agarwal will not take a salary from April. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Ritesh Agarwal Net Worth 2021: Biography: – Ritesh Agarwal Age, Height, Weight, Wife, Family In just five years, he featured in the list of Barclays Hurun India Rich Listfor the year 2018 at the age of 24. Your email address will not be published. OYO Rooms. OYO’s Ritesh Agarwal has joined the fight against the coronavirus crisis and has announced that he will forego all of his annual salary to help the government. I am thankful to my leadership team who, during these difficult times, also took pay cuts and supported the company. It will be effective from April 2020 and it said the whole business stands together to tide over these times. OYO founder Ritesh Agarwal announced that he will not take any salary for the rest of the year, while the leadership team at OYO is voluntarily taking a 25% pay cut. I know how life is after that because I have been there." The rest of the company’s executive team will also take salary cuts of between 25% and 50%. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. NEW DELHI: OYO Hotels and Homes on Thursday said its founder and group CEO Ritesh Agarwal will forego his salary for the rest of the year and its … What is the main source of income? Oyo Hotels and Homes said that CEO Ritesh Agarwal has decided to forego 100 per cent of his salary for the rest of the year. Ritesh Agarwal salary is currently Rs 1.5 crores. Ritesh Agarwal Net Worth and Salary. - Ritesh Agarwal quotes from BrainyQuote.com "For people who earn on an average about RS 15,000 a month and who travel a lot, if the salary is late then the landlord will throw him out. Some others concentrate on providing safe refuge to local and international visitors and travelers trapped in towns due to the lockdown. Ritesh Agarwal’s salary and net worth details will be added soon. Visit our. Source - https://asia.nikkei.com/Spotlight/Startups-in-Asia/India-s-Oyo-aims-to-disrupt-global-hotel-industry. OYO has also set up a … OYO is in communication with various state governments as well as authorities to understand how some of its assets during this critical time can be of use. Further, founder and group CEO Ritesh Agarwal has foregone his salary for the year. OYO Rooms currently is operated in many countries and all credit for its growth goes to Ritesh Agarwal … Career & Education – Company, University, & College The founder and current CEO of OYO Rooms, Ritesh Agarwal has been an entrepreneur from the beginning and he always aspired to be one since his childhood days. OYO has taken a number of steps to accommodate medical workers, aircrew, businesses, visitors, PGs as well as foreign nationals stuck in the nationwide lockdown, in line with the direction of the government. Oyo said on Thursday that Ritesh Agarwal will not take a salary from April. Some hotels are being listed as partnering with hospitals to set up free, pay-per-use quarantine facilities. Learn how your comment data is processed. IndiGo Cancels 75 Flights Due To Pilot Shortage, Blames Bad Weather! Founder & CEO. Ritesh Agarwal has forego his 100% annual salary while other OYO Executives take 25%-50% salary cut amid the coronavirus scare. This website uses cookies. Oyo founder Ritesh Agarwal forgoes 2020 salary … NEW DELHI: Oyo Hotels and Homes on Thursday said its founder and group CEO Ritesh Agarwal will forego his salary for the rest of the year and its executive leadership team will take voluntary pay cuts as the hospitality industry reels under the Covid-19 pandemic. In the below table, you will get the latest info about salary and assets. Management of the firm has also taken some more steps to ensure continuity of business and is committed to the well-being of its OYOpreneurs. You can change your choices at any time by visiting Your Privacy Controls. Commenting on the growth, Ritesh Agarwal, CEO of the Founder & Group said, “The current situation around the world is of great concern to each and every one of us. 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