OYO India & South Asia boss steps down but joins company Board

Ghosh steps down to join OYO Board of Directors instead.

Aditya Ghosh, the India and South Asia head of hospitality chain Oyo Hotels & Homes, has stepped down from his role, and will join its board of directors, a little over a year after the 44-year-old joined the SoftBank-backed company.

Ghosh will be succeeded by Rohit Kapoor, who was heading Oyo's new real estate business, the Gurugram-based company announced in a prepared statement. Kapoor's new role will be effective from January.

Ghosh, who had joined the Ritesh Agarwal-founded company in November last year, was, at the time, perceived as one of the most high-profile senior executive hires within the broader startup ecosystem, given his track record of shepherding IndiGo Airlines' successful initial public offering in 2015, and also leading its operations for about a decade.

The lawyer-turned-airline executive had effectively spent a little less than 13 months as Oyo's India and South Asia chief executive, but said he will now focus on governance, profitability, communications, consumer experience and security and safety at the seven-year-old company, which has emerged as one of the most richly valued startups from India.

"It is also a very responsible role to come on to the board... The perspective I hope to bring, is two-fold - One, having run a large, publicly-traded profitable business for a long period of time, and second, having the unique experience of being the person on the board, who would have also run a large region for Oyo, for about a year," Ghosh told ET in a telephonic chat.

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