OYO’s Ritesh Agarwal took home ₹1.6 crore in FY2021 — here are the top earners in the IPO-bound company

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OYO’s Ritesh Agarwal took home ₹1.6 crore in FY2021 — here are the top earners in the IPO-bound company
SoftBank-backed hotel and hospitality giant OYO has filed the draft red herring prospectus (DRHP) to raise $1.2 billion though its initial public offering (IPO). The company aims to raise $942 million through sale of new shares and $192 through sale of secondary issue.

Here are the key managerial personnel and how much they earned in FY2021, excluding stock options (ESOPs):

Ritesh Aggarwal

Ritesh Aggarwal
OYO

Designation: Founder and chairperson at OYO

Ritesh Agarwal founded OYO in 2012. He was appointed as the global chief executive officer (CEO) of OYO Singapore in 2019, which entitles him to a gross remuneration of ₹1.06 crore. This is in addition to perquisites for subsistence such as accommodation, provision for vehicles, domestic help and others. His annual salary was raised by an additional sum of ₹4.45 crore by OYO Singapore with effect from January 1, 2021.

FY2021: ₹1.6 crore
FY2020: ₹21 lakh
FY2019: ₹69 lakh

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Abhishek Gupta

Abhishek Gupta
OYO

Designation: Chief Financial Officer at OYO


Abhishek Gupta has been associated with OYO since June 2015. He has previously worked with General Electric and Philips India. He was paid ₹ 7.1 crore in FY2021, as he was based overseas. He relocated to India in August 2021 and his remuneration has been adjusted as per India market standards.

FY2021: ₹7.1 crore
FY2020: ₹8.7 crore
FY2019: ₹2 crore

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Dinesh Ramamurthi

Dinesh Ramamurthi
Twitter

Designation: Chief Human Resource Officer at OYO


Dinesh Ramamurthi has been associated with OYO since January 11, 2016. He was previously associated with ITC Limited, Hewitt Associates, Bharti Airtel Limited and Coca-Cola India.


FY2021: ₹1.08 crore
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Rakesh Kumar Prusti

Rakesh Kumar Prusti
Prepone

Designation: General Counsel at OYO

Rakesh Kumar Prusti has been associated with OYO since April 2, 2018. He has previously worked with NIIT Technologies, Carrefour WC&C India and Max Healthcare Institute.

FY2021: ₹1.4 crore
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Ankit Mathuria

Ankit Mathuria
Twitter

Designation: Chief Technology Officer

Ankit Mathuria has been associated with OYO technology and hospitality since February 2021.

FY2021: ₹1.2 crore
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Abhinav Sinha

Abhinav Sinha
Twitter

Designation: Manager, Global Chief Operating Officer and Chief Product Officer at OYO

Abinav Sinha has been associated with OYO since 2014. He was paid ₹4.5 crore in FY2021, as he was based overseas. He has been associated with ITC Limited and Boston Consulting Group in the past.


FY2021: ₹4.5 crore.

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Vimal Chawla

Vimal Chawla
Linkedin

Designation: Vice president — Legal, Company Secretary and Compliance Officer, OYO


Vimal Chawla has been associated with OYO since October 2019. He has previously worked with One 97 Communications (Paytm) and Canara HSBC Oriental Bank of Commerce Life Insurance company.


FY2021:
₹57 Lakh

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