{"id":4416,"date":"2024-01-30T05:22:01","date_gmt":"2024-01-30T05:22:01","guid":{"rendered":"https:\/\/thebestbiography.com\/?p=4416"},"modified":"2024-01-30T05:22:01","modified_gmt":"2024-01-30T05:22:01","slug":"ritesh-agarwal-biography","status":"publish","type":"post","link":"https:\/\/thebestbiography.com\/ritesh-agarwal-biography\/","title":{"rendered":"Ritesh Agarwal (CEO of OYO Rooms) Biography"},"content":{"rendered":"

Ritesh Agarwal name suddenly became popular over the internet in 2012 because he became the second youngest self-made billionaire in the world. Many people want to know about him. If you want to know more about him and did not get all the details like Biography, Net Worth 2023, Age, Education, Family and more then you will get all the information here.<\/p>

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Ritesh Agarwal Biography<\/strong><\/h2>

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Real name<\/strong><\/td>Ritesh Agarwal<\/td><\/tr>
Age<\/strong><\/td>30<\/td><\/tr>
Date of birth<\/strong><\/td>16 November 1993<\/td><\/tr>
Nickname<\/strong><\/td>N\/A<\/td><\/tr>
Birthplace<\/strong><\/td>Bissam Cuttack, Rayagada, Odisha, India<\/td><\/tr>
Nationality<\/strong><\/td>Indian<\/td><\/tr>
Zodiac sign<\/strong><\/td>Scorpio<\/td><\/tr>
School<\/strong><\/td>Sacred Heart School, Rayagada, Odisha
St. John\u2019s Senior Secondary School, Kota, Rajasthan<\/td><\/tr>
College<\/strong><\/td>Indian school of business and finance, Delhi (College Dropout)<\/td><\/tr>
Caste<\/strong><\/td>Marwari<\/td><\/tr>
Religion<\/strong><\/td>Hindu<\/td><\/tr>
Profession<\/strong><\/td>Billionaire Entrepreneur and CEO and founder of OYO<\/td><\/tr><\/tbody><\/table><\/figure>

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Physical Information<\/strong><\/h2>

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Weight (Approx.)<\/strong><\/td>70 kg in kilograms
154 lbs in pounds<\/td><\/tr>
Height (Approx.)<\/strong><\/td>174 cm in centimeters
1.74 m in meters
5\u2032 9\u2033 in feet and inches<\/td><\/tr>
Body measurements (Approx.)<\/strong><\/td>Chest \u2013 38 inches
Waist \u2013 30 inches
Biceps \u2013 11 inches<\/td><\/tr>
Shoe size<\/strong><\/td>7 (India)
8 (US)<\/td><\/tr>
Eye color<\/strong><\/td>Black<\/td><\/tr>
Hair color<\/strong><\/td>Black<\/td><\/tr><\/tbody><\/table><\/figure>

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Properties and Net worth<\/strong><\/h2>

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Car<\/strong><\/td>Maruti Suzuki Brezza<\/td><\/tr>
Salary (Approx)<\/strong><\/td>5.6 Cr. (September 2022)<\/td><\/tr>
Net worth (Approx)<\/strong><\/td>$1.9 billion (October 2023)<\/td><\/tr><\/tbody><\/table><\/figure>

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Favorite things<\/strong><\/h2>

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Favorite Cricketer<\/strong><\/td>Rohit Sharma<\/td><\/tr>
Favorite Food<\/strong><\/td>Tikka<\/td><\/tr>
Favorite Actor<\/strong><\/td>Shahrukh Khan<\/a><\/strong><\/td><\/tr>
Favorite Actress<\/strong><\/td>Kangana Ranaut<\/td><\/tr>
Favorite Personality<\/strong><\/td>Dr. Vivek Bindra<\/td><\/tr>
Favorite Male Singer<\/strong><\/td>Sidhu Moose Wala<\/td><\/tr>
Favorite Female Singer<\/strong><\/td>Tulsi Kumar<\/td><\/tr>
Favorite Youtuber<\/strong><\/td>Ashish Chanchlani<\/td><\/tr>
Favorite Tiktoker<\/strong><\/td>Adnan<\/td><\/tr>
Favorite Place<\/strong><\/td>France<\/td><\/tr>
Hobbies<\/strong><\/td>Cycling<\/td><\/tr><\/tbody><\/table><\/figure>

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Early Life & Education<\/strong><\/h2>

Ritesh Agarwal was born in a Marwari family in Rayagada, Orissa. As a child, he used to go to the Sacred Heart School in his hometown. Like most entrepreneurs, Ritesh Agarwal had a knack for computers, coding, and software from a very early age. <\/p>

When teachers or elders used to ask him about what he wanted to become in life, he used to say an entrepreneur. Agarwal heard the word Entrepreneur from his elder sister, who used to be his inspiration in life. While other kids his age wanted to be doctors, engineers, and teachers, Agarwal aimed to be an entrepreneur. <\/p>

His childhood was an adventure of different learning. In 2009<\/strong>, Agarwal wanted to enter a top IIT college, so he left for Kota. Upon realizing Kota is not the place for learning to code, Ritesh Agarwal gave up on this dream. During his free time, Ritesh was working on a book named \u2018Indian Engineering Colleges: A Complete Encyclopedia of Top 100 Engineering Colleges. This was a success.<\/p>

`Agarwal was also among the 240 students to be selected for the Asian Science Camp. he was also among 20 under twenty students who were awarded the Thiel Fellowship and received $100,000<\/strong>. All of these were nice. But he wanted to become an entrepreneur \u2013 one who solves a problem and makes a difference.<\/p>

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Ritesh Agarwal Wife<\/strong><\/h2>

Geetansha Sood is now the wife of Indian billionaire and OYO Rooms founder Ritesh Agarwal. Sood is from Lucknow, Uttar Pradesh. She is the director of the company Formation Ventures Limited.
Geetansha Sood’s business was established in Kanpur. On August 22, 2020, Sood’s company was registered with Kanpur’s Registrar of Companies. She had invested Rs 1 lakh in the company’s shares. The company has been linked to two more directors.There is no other information available about Sood. Ritesh Agarwal has not revealed any information about her. Kuhook Sood is the name of one of the company’s directors. There is no information available on the internet about Geetansha Sood\u2019s net worth.<\/p>

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\"Ritesh<\/figure><\/div>

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Geetansha Sood, director with Farmation Ventures Private Limited, is registered with the Ministry of Corporate Affairs (MCA), bearing DIN 08843236. She is an Indian staying in Lucknow, Uttar Pradesh, India.<\/p>

Entrepreneurial Achievements<\/strong><\/h2>

Agarwal wanted to pursue his dream, So he dropped out<\/strong> of college. As a child, Ritesh used to travel to the northern part of the country and travel around the coastal areas. While his family thought he was studying, he was traveling. <\/p>

He would often work for different companies that would pay him for traveling. When Ritesh had to crash in somewhere at night, he used to email different hotel owners asking them to let him stay the night for free.<\/p>

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His excuse was, \u201cI want to solve something in this sector someday.\u201d Most of the owners would deny while some of them let him stay. During this time, Ritesh stayed in more than a hundred places and more than 200 properties in the country.<\/p>

Although he was trying hard, the problem he sought did not appear, let alone the solution. But he was experiencing the poor qualities of hotels and bad hospitality across different parts of the nation. It was 2011, and he was 17; this is when he came up with the idea to start Oravel stays<\/strong>. Later, in 2013, Oravel Stays came to be known as OYO. <\/p>

OYO<\/strong><\/h3>

OYO, which stands for \u2018On Your Own,\u2019 is the third largest chain in the Hotels & Homes industry and resulted from Ritesh Agarwarl\u2019s aspiration. He saw that the lodging industry could use lots of improvement. So, he ventured into this industry and made OYO.<\/p>

An entrepreneurial vision is a long shot. If played correctly, it can be a big hit. OYO was a success, but it was not an easy one \u2013 and it sure did not happen overnight. The company had a rough time during the Covid outbreak. <\/p>

The company started its journey in 2013<\/strong>. However, after 8 years, they have successfully expanded into 800 cities in the country and 80 countries worldwide. Currently, they have 17000<\/strong> employees working under the company.<\/p>

The OYO rooms are the largest network of budget hotel chains in India. Their operating locations include major regional metro hubs, leisure destinations, and tourism towns. <\/p>

The hotels facilitate different services to the clients based on the packages they choose. Free wi-fi, breakfast, Flat screen TV, spotless white beds, drinking cups, toiletries, etc., come under their range of offerings. <\/p>

OYO became a 100% leased and franchised hotel chain in 2018. In that year, Ritesh Agarwal\u2019s company earned a revenue of $211<\/strong>. It was a record in comparison to the revenues of 2017, 2016, and 2015 ( $13m, $6m, and $4m). In 2019, the records of revenue went off the charts earning OYO $951 million<\/strong> in revenue. <\/p>

Charity<\/strong><\/h3>

Ritesh Agarwal has come out to help his country\u2019s citizens during the covid crisis. The executive leaders at OYO decided to accept a 25% pay cut during the covid crisis. This helped them raise INR 2.5 Cr<\/strong> for PM care<\/strong> during the covid crisis. <\/p>

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Controversies<\/strong><\/h2>