Ritesh Agarwal is a famous businessman in India. He is the founder of OYO company. Ritesh Agarwal is also the CEO of OYO company. Check the all details below about Ritesh Agarwal’s Wiki, Age, Height, Education, Wife, Parents, Net Worth & Biography.
Ritesh Agarwal Wiki/Biography
Ritesh Agarwal was born on 16 November 1993 (Age: 29 years old; As of 2023) in Cuttack, Odisha, India. His profession is business. He is the founder of the world-famous OYO company.
He follows Hinduism (religion) and his nationality is Indian. His caste is Marwari and his zodiac sign is Scorpio. His date of birth is 16-11-1993.
Ritesh Agarwal Education & Qualification
Ritesh Agarwal completed her schooling at Sacred Heart School in Rayagada & St. Johns Senior Secondary School, Bundi Road, Kota, Rajasthan. After schooling, he enrolled to complete his graduation from the Indian School of Business and Finance.
What is the Education Qualification of Ritesh Agarwal?
So for your kind information, his Educational Qualification is 12th complete and his graduation incomplete but college dropout.
Ritesh Agarwal Height & Weight
- Height: 5′ 9″ inches (approx.)
- Eye Colour: Black
- Hair Colour: Black
Ritesh Agarwal Family & Parents
Ritesh was born in a Marwari family in Bissam Cuttack, Odisha, India, and brought up in Titilagarh. His family is a middle-class family. His family ran a small shop in Rayagada. His father’s name is Ramesh Agarwal.
Ritesh Agarwal’s Wife, Girlfriend & Children
He is a famous founder of OYO Rooms in India. Ritesh has married Geetansha Sood (wife), a native of Lucknow. He tied the knot with his wife Geetansha in a beautiful ceremony on 7th March 2023.
At present, his relationship status is committed and his marital status is married. In October 2023, he shared a photo on her Instagram account with his wife Geetansha, and announced her pregnancy.
Ritesh Agarwal Career
Ritesh started his entrepreneurial career at the age of 17, something very few people are capable of doing at a young age. Ritesh Agarwal started his career before completed his education. Ritesh was inspired by many similar experiences and decided to start an online room reservation community to offer customers a good housing experience.
After all, he founded Stays Pvt. GmbH. Oravel is a startup platform that creates a list of hotels in any location and makes your reservation half-price on people’s budgets. He started Oravel in 2011 from a hotel in Gurgaon and raised Rs. 60,000. Agarwal signed agreements through his company OYO with hotel owners in the US.
OYO rebranded the building of the owners in exchange for compensation and guaranteed income. After some time this news left out that OYO was not authorized to operate a franchise business in the state of California in March 2019, After that, OYO was punished with a fine of $ 200,000 by California regulators. The company also received a cease and desist order from Washington.
OYO made offers to many hotel owners without proper registration regulators. A case was lodged against Agarwal in Dera Bassi by a Chandigarh businessman in September 2020. OYO faced backlash from 10,000 hotel owners in India. The hotel owners claimed that OYO recovered the fees that were not disclosed at the time of contract signing.
In October 2019, police cases were filed against OYO by hotel operators in Bangalore, Mysore etc. OYO company has a network of 2200 hotels operating in 154 cities in India with 1500 employees. Ritesh won The Business World Young Entrepreneur Award. He is a famous speaker at business conferences and institutes in India and around the world and a member of the Thiel Foundation. He was also represented as the judge of Shark Tank India Season 3.
Ritesh Agarwal’s Net Worth & Salary
The most valuable thing is that you need to know Ritesh Agarwal’s net worth information. Ritesh Agarwal earned his net worth from OYO Rooms company. The estimated net worth of Ritesh Agarwal is approx. about at $ 3.7 million dollars. He is living a joyful life with his family in India.