Welcome to Gift-Nifty, where we delve into the world of notable personalities and their financial standings. In this edition, we set our sights on the dynamic entrepreneur and business magnate, Ritesh Agarwal. As the founder and CEO of OYO Rooms, a global hospitality company, Agarwal has left an indelible mark on the business landscape. Our focus today is on unraveling the intricacies of Ritesh Agarwal net worth, exploring the factors that contribute to his financial success, and gaining insights into the journey that has propelled him into the ranks of the wealthiest individuals in the business world. Join us as we unwrap the layers of Ritesh Agarwal’s financial empire and discover the story behind his remarkable net worth.
Ritesh Agarwal
Ritesh Agarwal is an Indian entrepreneur and the founder and CEO of OYO Rooms (Oravel Stays Private Limited), a hospitality and lodging service that gained significant prominence in the global market. Born on November 16, 1993, in Bissam Cuttack, a small town in Odisha, India, Agarwal’s journey to success is marked by his entrepreneurial spirit and innovative approach to the hospitality industry.
Ritesh Agarwal founded OYO Rooms in 2013, aiming to provide standardized and affordable accommodation options for travelers. The platform rapidly expanded its presence both within India and internationally, offering a wide range of budget-friendly hotels, homes, and other lodging options.
Agarwal’s achievements and leadership in the business world have garnered attention, and he has been recognized for his contributions to the hospitality and startup sectors. Owing to his entrepreneurial success, Ritesh Agarwal has become one of the well-known figures in the Indian business ecosystem..
He has also appeared in Shark Tank India (season 3) since 2024.
Ritesh Agarwal Net Worth
As of the latest available information, Ritesh Agarwal, the visionary entrepreneur and founder of OYO Rooms, boasts an impressive net worth estimated at $2 billion(₹15,000 crore). This substantial financial standing reflects the success and impact of his innovative approach to the hospitality industry. Agarwal’s journey began with the founding of OYO Rooms in 2013, a venture that rapidly expanded its footprint both within India and on the global stage. The company’s commitment to providing standardized and affordable accommodation options resonated with travelers worldwide, contributing significantly to Agarwal’s financial success. As the CEO of OYO, Ritesh Agarwal continues to steer the company towards new heights, solidifying his position as one of the notable figures in the business world. His remarkable net worth not only underscores his individual achievements but also highlights the broader success story of OYO Rooms in transforming the landscape of budget-friendly hospitality.
Early Life & Education
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.
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.
His childhood was an adventure of different learning. In 2009, 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 ‘Indian Engineering Colleges: A Complete Encyclopedia of Top 100 Engineering Colleges. This was a success.
Agarwal, one of the 240 selected students for the Asian Science Camp, also earned recognition as one of the 20 under twenty students awarded the Thiel Fellowship, receiving $100,000. All of these were nice. But he wanted to become an entrepreneur – one who solves a problem and makes a difference.
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Final Thoughts
Ritesh Agarwal, the visionary entrepreneur and founder of OYO Rooms, has earned widespread recognition for his outstanding contributions to the business world. In 2019, he secured a spot in the prestigious Bloomberg 50 list as ‘The Amazingly Ambitious Hotelier.’ His influence extended to being listed among the 50 Most Powerful People in India by India Today and the ‘Tycoons of Tomorrow’ by Forbes India in the same year. Agarwal and OYO garnered recognition for their remarkable achievements, receiving awards such as Market Entrant of the Year at the UK-India Awards and inclusion in Fast Company’s World’s Most Innovative Companies for 2019.
OYO’s excellence was also acknowledged with accolades like Best Startup at the SATTE Awards 2019 and Startup of the Year at The Economic Times Startup Awards in 2018. The company’s groundbreaking work led to its recognition as a top startup on LinkedIn’s list and being among the Top 10 Most Innovative Companies in India. In 2016, the Asian Centre for Corporate Governance & Sustainability awarded Agarwal the New Age Entrepreneur Award, and Business Insider recognized him in its 2013 list of ‘8 Hottest Teenage Start-Up Founders. These numerous accolades underscore Ritesh Agarwal’s impact on the business landscape and the success story of OYO Rooms.