Business Standard

OYO founder Ritesh Agarwal's salary rose eight fold in FY21: DRHP

He earned Rs 1.62 crore that year, against Rs 21.5 lakh in the previous financial year

Ritesh Aggarwal
Premium

Ritesh Aggarwal

Neha Alawadhi New Delhi
According to the Draft Redding Herring Prospectus Oyo filed on Friday, the salary of the firm’s founder Ritesh Agarwal rose eightfold to Rs 1.62 crore in financial year 2020-21 from Rs 21.5 lakh the previous year.
 
The firm said in its draft papers that its other top paid key managerial personnel are Chief Financial Officer Abhi­shek Gupta and Aditya Ghosh, the non-executive nominee director.

Agarwal's payout of Rs 1.62 crore seems to be in line with a quarter's worth of compensation given that he had foregone his salary in 2020.
 
Ghosh earned Rs 5.74 crore, whereas Gupta
Topics : Oyo salary

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in