IPO Bound OYO ropes in SBI Chairman Rajnish Kumar as Strategic Group Advisor
- ByTejika Bajaj | December 3, 2021
The IPO bound hospitality company OYO recently announced the appointment of former SBI chairman Rajnish Kumar as its Strategic Group Advisor.
He has spent close to 40 years in the financial sector and would play a key role in advising OYO’s management about the long term and short term strategy, regulatory and stakeholder engagement as well as enhancing the brand of the company globally.
Expressing his views on the recent appointment of Kumar in the company, the founder and chairman of OYO, Ritesh Agarwal said, “It is great to have him work closely with our board and the management. His leadership lessons and professionalism are an inspiration. As we look to empower our hotel and home partners, or patrons, as we call them, through technology, and enable our global network of customers to book and stay in affordable and trusted accommodations through a seamless digital experience; we are fortunate to have Mr. Kumar steer us on our mission. Technology innovations are exciting for both Mr. Kumar and us at Oyo. His experience of digitization and technology-led initiatives for the customers is critical for us as we make a difference to our stakeholders’ lives.”
Kumar joined SBI in the year 1980 as a probationary officer and slowly led his way to the chairman of the group. He retired in October 2020 from the position. He currently serves as a board member of the L&T Group, HSBC Asia Pacific, Hero Motocorp and BharatPe.
Talking about assuming a new role, Rajinish Kumar, “Ritesh, a first-generation entrepreneur, and his team, have created a unique technology platform to make Oyo a household name in the travel sector. I have always been excited about the startups which are bringing a revolutionary change in the Indian economy. I am looking forward to working closely with Ritesh and his team in creating value for all stakeholders. ”
Follow Startup Story
Related Posts
