Contents
- 1 Ritesh Aggarwal is an Indian entrepreneur. He is the founder and CEO of the hospitality and travel-tech firm known as OYO Rooms. In 2016, he was named among the Forbes 30 Under 30 Achievers. In 2020, he became the second youngest self-made billionaire. He is the richest self-made Indian under 40 years of age. Wiki/Biography
- 2 Physical Appearance
- 3 family and caste
- 4 relationships/affairs
- 5 livelihood
- 6 controversies
- 7 Awards and Achievements
- 8 car collection
- 9 Income
- 10 net worth
- 11 Expenses/Valuables
- 12 Favorite
- 13 Facts/General Knowledge
Ritesh Aggarwal is an Indian entrepreneur. He is the founder and CEO of the hospitality and travel-tech firm known as OYO Rooms. In 2016, he was named among the Forbes 30 Under 30 Achievers. In 2020, he became the second youngest self-made billionaire. He is the richest self-made Indian under 40 years of age.
Wiki/Biography
Ritesh Aggarwal was born on Tuesday, 16 November 1993 (Age 30 years; by 2023) in Bissam Cuttack, Rayagada, Orissa (now Odisha), India. Their zodiac sign is Scorpio. He grew up in Titilagarh, Odisha. Ritesh did his schooling from Sacred Heart School, Rayagada, Odisha and then completed his high school from St. John’s Senior Secondary School, Meerut Cantt, Uttar Pradesh, India. Then he went to Kota, Rajasthan to prepare for the IIT entrance exam. After that, in 2011, he joined the University of London International Program at the Indian School of Business and Finance, Delhi and later dropped out. In 2013, he became the first Asian to receive the Thiel Fellowship grant of $100,000, equivalent to Rs 55 lakh.
Physical Appearance
Height (Approx): 5′ 9″
Hair Color: Black
Eye colour: black
family and caste
Ritesh Agarwal belongs to a Marwari family from Odisha.
parents and siblings
Ritesh Agarwal’s father is Ramesh Agarwal. He was a doctor in Odisha. On March 10, 2023, he died after falling from the 20th floor of a building in Gurgaon.
Ritesh Aggarwal with his father
Ritesh Agarwal’s mother’s name is Bela Agarwal. He is a doctor by profession.
Ritesh Agarwal’s mother
Ritesh has an elder brother named Ashish Aggarwal. He works as a Managing Director at Peak XV Partners (formerly Sequoia India and Southeast Asia). He has two elder sisters and both of them are doctors by profession.
Ritesh Agarwal’s brother Ashish Agarwal
wife and children
On March 7, 2023, Ritesh Aggarwal married Geetansha Sood. Geetansha Sood works as a director of a private firm called Formation Ventures Limited, based in Kanpur. They have a son named Aryan who was born on 7 December 2023.
Ritesh Agarwal with Geetansha Sood
relationships/affairs
Ritesh Aggarwal dated Geetansha Sood for 11 years before getting married in 2023.
Geetansha Sood with Ritesh Aggarwal
livelihood
In 2011, Ritesh Agarwal became India’s youngest CEO at the age of 17 by owning a company called Worth Growth Partners. The company helped foreign companies to establish and expand their market in India. Due to financial losses, Ritesh had to close the company. Ritesh Aggarwal started another company named Oravel Stays in 2011. In 2012, the company was selected by Venture Nursery for the accelerator program and received Rs. Funding of Rs 30 lakh. The company’s business model was similar to Airbnb, where customers could book hotel rooms online at affordable prices across India.
Ritesh Aggarwal’s profile for Oravel Stages
In May 2013, as his business grew, he changed the name of his company to OYO (On Your Own) Rooms. It became a marketplace for hotels to be branded and bring in customers at a budget price. As of 2023, OYO Rooms is available in 80 countries around the world.
Apart from OYO Rooms, he has been a Partner at Raga Partners LLP since 2016, Director of Dejiro Holdings Pvt Ltd since 2021 and Partner at Redsprig Innovation Partners LLP since 2021.
controversies
Ritesh Aggarwal has been accused of fraud by Oyo co-founder Manish Sinha.
In 2013, Manish Sinha had accused Ritesh Aggarwal of fraud. In an interview Manish Sinha said that he was tricked into selling all his shares to Ritesh, which he held for Oravel Stays.
In 2019, OYO Rooms received a cease and desist order from Washington and a $200,000 fine from California authorities for operating hotel business and reaching out to more than 30 hotel owners in the US under the OYO brand name without proper registration.
Oyo was declared an online fraud company
In 2019 and 2020, hotel owners from Chandigarh, Bengaluru, Mysore and other states filed multiple complaints against Ritesh Aggarwal for fraud and conspiracy. According to sources, the owners claimed that OYO makes more than half of its revenue through fees, which the company has not disclosed at the time of registration. However, Ritesh Agarwal was successful in getting a stay order imposed on a case in Bengaluru.
Awards and Achievements
- First resident Asian to win ’20 Under 20′ Thiel Fellowship (2013)
- Top 50 Entrepreneurs by Tata First Dot Awards (2013)
Ritesh Aggarwal receiving Tata First Dot Award
- Listed as “One of the World’s 8 Hottest Teen Start-up Founders” by Business Insider (2013)
- Received TiE – Loomis Entrepreneurial Excellence Award (2014)
- Mentioned in Forbes “30 Under 30” in Consumer Technology (2016)
- Young Entrepreneur Award by Business World (2018)
car collection
- Mercedes-Benz S 350d is priced at Rs. 1.4 crores
- Audi A4 is priced at Rs. 45 lakhs
- Land Rover Range Rover Sports is priced at Rs. 1 crore
- The Mercedes-Benz E200 is priced at Rs. 64 lakhs
- Toyota Fortuner is priced at Rs. 36 lakhs
- The BMW X5 is priced at Rs. 1.1 crore
- Maruti Brezza price is Rs 15 lakh
Income
According to sources, Ritesh Aggarwal’s monthly income in 2023 was estimated to be Rs 10 crore and his annual income was estimated to be Rs 100 crore.
net worth
Ritesh Agarwal’s net worth is estimated to be Rs. 16,462 crore by 2023.
Expenses/Valuables
Ritesh Agarwal has a private jet worth $20 million.
Favorite
- Sweets: Chhena Poda, Rasgulla, Cake, Pastry
- Cuisine: South Indian, Oriya
- Film: Munna Bhai MBBS (2003), 3 Idiots (2009)
- Book: Zero to One: Notes on Startups, or How to Build the Future by Blake Masters and Peter Thiel (2014), The Hard Thing About Hard Things by Ben Horowitz (2014), No Rules Rules: Netflix and the Culture of Reinvention by Erin Meyer and Reed Hastings (2020)
- Documentary: The Men Who Built America (2012)
Facts/General Knowledge
- He likes cycling, reading books and watching documentaries in his spare time.
- He used to sell SIM cards for a telecom company during his school days.
- He is an avid lover of dogs.
Ritesh Agarwal with a dog
- At the age of 16, he was selected in Tata Institute of Fundamental Research (TIFR), Mumbai. It is a camp where pre-collegiate students gather to discuss and promote science for the betterment of the area they come from.
- At the age of 17, he wrote a best-selling book titled Indian Engineering Colleges: A Complete Encyclopedia of Top 100 Engineering Colleges.
- Ritesh Aggarwal joined the judging panel of the television show Shark Tank India Season 3 on Sony TV.
Ritesh Agarwal (centre right) with other judges of ‘Shark Tank India’ Season 3.
Categories: Biography
Source: vcmp.edu.vn