I know how life is after that because I have been there." 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. Ritesh Agarwal has forego his 100% annual salary while other OYO Executives take 25%-50% salary cut amid the coronavirus scare. Do you curious about the net worth of Ritesh Agarwal? 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. 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. Ritesh Agarwal is an Indian Businessman and Founder of Oyo Rooms. 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. 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 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. Ritesh Agarwal. Founder and Group CEO Ritesh Agarwal will forego 100 percent of his annual salary for the rest of the year starting April 2020. Yahoo is part of Verizon Media. 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. You can change your choices at any time by visiting Your Privacy Controls. OYO Rooms. By continuing to use this website you are giving consent to cookies being used. Learn how your comment data is processed. OYO has also set up a … Some hotels are being listed as partnering with hospitals to set up free, pay-per-use quarantine facilities. Along with Agarwal, the group’s executive team have taken voluntary pay cuts of up to 50% this year. Required fields are marked *. What is the main source of income? This site uses Akismet to reduce spam. Founder & CEO. OYO Rooms is the main source of his income which has a Net Worth of $400 Million (Approx.). Ritesh Agarwal Net Worth and Salary. Ritesh Agarwal, the Founder & Group CEO, OYO Hotels & Homes, has decided to forego his salary for the rest of the year. Ritesh Agarwal's priority list for 2021. 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. Ritesh Agarwal is one of the most famous and accomplished young Indian entrepreneurs. Please enter your username or email address to reset your password. The company’s executive leadership team has taken a voluntary pay … 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. 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. New Delhi, India. 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. Oyo said on Thursday that Ritesh Agarwal will not take a salary from April. 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. Ritesh Agarwal Net Worth 2021: Biography: – Ritesh Agarwal Age, Height, Weight, Wife, Family Ritesh Agarwal’s salary and net worth details will be added soon. 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. OYO Rooms currently is operated in many countries and all credit for its growth goes to Ritesh Agarwal … Your email address will not be published. The rest of the company’s executive team will also take salary cuts of between 25% and 50%. Oyo founder Ritesh Agarwal forgoes 2020 salary … Pritish Raj is a content writer at Next Big Brand. Ritesh Agarwal has forego his 100% annual salary while other OYO Executives take 25%-50% salary cut amid the coronavirus scare. 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. Ritesh Agarwal will forgo any pay from April, while the rest of the management team will take pay cuts of between 25% and 50%. 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. IndiGo Cancels 75 Flights Due To Pilot Shortage, Blames Bad Weather! This website uses cookies. The company is well known as OYO which offering budgeted hotels to its customers. Source - https://asia.nikkei.com/Spotlight/Startups-in-Asia/India-s-Oyo-aims-to-disrupt-global-hotel-industry. Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery, Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie, SEBI Approved Much Talked Future Group-Reliance Industries Deal, Tata Group is All Set to Acquire 60% stake in BigBasket, Alibaba Share Surges after Jack Ma’s Resurfacing Video, Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change, HomeGrown Diary Giant Amul's Turnover Crosses ₹50,000 Crore, Walmart Acquisition Pushes Flipkart To Top Customer Experience Ratings, Reliance is now the biggest company in India by revenue; overtakes IOC, Despite Union Protest 94,000 BSNL & MTNL employees apply for VRS. 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. 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. We also add the controversies in this section. 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. Estimated Net Worth of Ritesh Agarwal is around $1.1 billion. Some others concentrate on providing safe refuge to local and international visitors and travelers trapped in towns due to the lockdown. 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. Oyo said on Thursday that Ritesh Agarwal will not take a salary from April. Find out more about how we use your information in our Privacy Policy and Cookie Policy. In this difficult and unprecedented period, Ritesh Agarwal, the Founder and CEO of the OYO Group, has decided to give up 100% of his salary for the rest of the year. It will be effective from April 2020 and it said the whole business stands together to tide over these times. 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. 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. 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. 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. "The current situation the world over is … Your email address will not be published. Highly enthusiastic about brands and startups, he aims to be a travel content creator. 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. 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. The organization relies on a two-pronged approach to mitigate contamination possibilities and improve social isolation and hygiene. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. He is the co-founder and CEO of OYO Rooms, which is a high valued startup in India. Ritesh Agarwal salary is currently Rs 1.5 crores. 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. Further, founder and group CEO Ritesh Agarwal has foregone his salary for the year. Ritesh Agarwal - OYO Hotels and HomesOYO, in its official statement released earlier this month, … It is common that, salary and asset change over time. The company’s entire executive leadership team has taken a voluntary pay cut of between 25 and 50 percent, effective April 2020. 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 the below table, you will get the latest info about salary and assets. Visit our. In just five years, he featured in the list of Barclays Hurun India Rich Listfor the year 2018 at the age of 24. Tax Planning; Personal Finance; Save for College; Save for Retirement; Invest in Retirement 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 … 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. Forego his 100 % annual salary while other oyo Executives take 25 % and 50 % ensure continuity of and. 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