Ritesh Agarwal Wiki, Age, Wife, Family, Biography & More

Ritesh Agarwal is an Indian entrepreneur. He is the founder and CEO of a hospitality and travel-tech firm known as OYO Rooms. In 2016, his name was listed among the achievers of Forbes 30 under 30. In 2020, he became the youngest self-made billionaire.

Wiki/Biography

Ritesh Agarwal was born on Tuesday, 16 November 1993 (age 30 years; as of 2023) in Bissam Cuttack, Rayagada, Orissa (now Odisha), India. His zodiac sign is Scorpio. He grew up in Titilagarh, Odisha. Ritesh completed his schooling at Sacred Heart School, Rayagada, Odisha and later completed his high school at St. Johns 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’s 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 (Rs.84 Lakh approx) to attend the program for two years.

Physical Appearance

Height (approx.): 5′ 10″

Weight (approx.): 70 kg

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Hair Colour: Black

Eye Colour: Black

A photo of Ritesh Agarwal

Family & Caste

Ritesh Agarwal belongs to a Marwari family in Odisha.

Parents & Siblings

Ritesh Agarwal’s father is Ramesh Agarwal. He was a doctor in Odisha. On 10 March 2023, he died after falling from the 20th floor of a building in Gurgaon. Ritesh Agarwal’s mother’s name is Bela Agarwal. She is a doctor by profession. Ritesh has an elder brother named Ashish Agarwal. He works as a managing director at Peak XV Partners (formerly Sequoia India & Southeast Asia). He has two elder sisters and both of them are doctors.

Ritesh Agarwal with his father

Ritesh Agarwal with his father

Ritesh Agarwal's mother

Ritesh Agarwal’s mother

Ritesh Agarwal's brother Ashish Agarwal

Ritesh Agarwal’s brother Ashish Agarwal

Wife & Children

On 7 March 2023, Ritesh Agarwal married Geetansha Sood. Geetansha Sood works as the director of a private firm known as Formation Ventres Limited, a company based in Kanpur. They have a son named Aryan who was born on 7 December 2023.

Ritesh Agarwal with Geetansha Sood

Ritesh Agarwal with Geetansha Sood

Relationships/Affairs

Ritesh Agarwal dated Geetansha Sood for 11 years before getting married in 2023.

Geetansha Sood with Ritesh Agarwal

Geetansha Sood with Ritesh Agarwal

Career

Business

In 2011, Ritesh Agarwal became India’s youngest CEO at 17, by owning a company named Worth Growth Partners. The company helped foreign companies to establish and expand their market in India. Ritesh had to shut down the company due to financial losses. After that, Ritesh Agarwal started another company named Oravel Stays in 2011. In 2012, the company was selected by Venture Nursery for an accelerator program and received Rs. 30 Lakhs in funding. The company’s business model was similar to Airbnb, where customers can book hotel rooms online at affordable prices across India.

Ritesh Agarwal's profile for Oravel Stays

Ritesh Agarwal’s profile for Oravel Stays

Later in May 2013, when his business scaled up, he changed his company’s name to OYO (On Your Own) Rooms. It became the marketplace for hotels to get branded and bring in customers at a budget price. OYO Rooms are available in 80 countries across the globe.

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The brand logo of OYO Rooms

Apart from OYO Rooms, he has been a partner in the company Raaga Partners LLP since 2016, a director of Dayzero Holdings Private Limited since 2021, and a partner in Redsprig Innovation Partners LLP since 2021.

Television

Ritesh Agarwal joined the judging panel of the television show Shark Tank India season 3 on Sony TV.

Ritesh Agarwal (centre right) with other judges from 'Shark Tank India' Season 3

Ritesh Agarwal (centre right) with other judges from ‘Shark Tank India’ Season 3

Controversies

Ritesh Agarwal accused of cheating Oyo’s Co-Founder Manish Sinha

In 2013, Manish Sinha accused Ritesh Agarwal of cheating. Manish Sinha in an interview said that he was tricked into selling all his shares to Ritesh that he had for Oravel Stays.

 Fined for unauthorised business in the United States

In 2019, OYO Rooms received a cease and desist order from Washington and a fine of $200,000 from Californian authorities for regulating hotel business with the hotel owners in the US under the brand name OYO without proper registration.

Oyo was called an Online Fraud Company

In 2019 and 2020, hotel owners of Chandigarh, Bangalore, Mysore and other states filed a complaint against Ritesh Agarwal of fraud and conspiracy. According to sources, The owners claimed OYO takes more than half of their revenues through fees which is not disclosed by the company at the time of registration. However, Ritesh Agarwal successfully managed to put a stay order on one case in Bangalore.

Awards & Achievements

  • First Resident Asian to win ’20 Under 20′ Thiel Fellowship (2013)
  • One of the Top 50 Entrepreneurs by TATA First Dot Awards (2013)
    Ritesh Agarwal receiving TATA First Dot Award

    Ritesh Agarwal receiving TATA First Dot Award

  • One of the 8 Hottest Teenage Start-up Founders in the World by Business Insider (2013)
  • Received TiE- Lumis Entrepreneurial Excellence Award (2014)
  • Forbes “30 Under 30” in the Consumer Tech Sector (2016)
  • Young Entrepreneur Award by Business World (2018)
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Car Collection

  • Mercedes Benz S 350D worth Rs. 1.4 Crores
  • Audi A4 worth Rs. 45 Lakhs
  • Range Rover Sports worth Rs. 1 Crores
  • Mercedes Benz E200 worth Rs. 64 Lakhs
  • Toyota Fortuner worth Rs. 36 Lakhs
  • BMW X5 worth Rs. 1.1 Crores
  • Maruti Brezza worth Rs 15 Lakhs

Income

According to sources, in 2023, Ritesh Agarwal’s monthly income 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 at Rs. 16,462 Crores as of 2023.

Favourites

  • Dessert: Chhena Poda, Rasgulla, Cake, Pastry
  • Cuisine: South Indian, Odia
  • Film: Munna Bhai M.B.B.S (2003), 3 Idiots (2009)
  • Book: Zero to One: Notes on Startups, or How to Build the Future by Blake Masters and Peter Thiel, No Rules Rules by Reed Hastings
  • Documentary: The Men Who Built America (2012)

Facts/Trivia

  • He likes cycling, reading books, and watching documentaries in his free time.
  • He used to sell SIM cards during his school days for a telecom company.
  • He is an avid lover of dogs.
    Ritesh Agarwal with a dog

    Ritesh Agarwal with a dog

  • Ritesh Agarwal owns a private jet worth $20 million.
  • At 16, he was selected at the Tata Institute of Fundamental Research (TIFR) in Mumbai. It’s a camp where pre-collegiate students gather to discuss and promote science for the betterment of the region.
  • At 17, he authored a best-selling book titled The Encyclopedia of Indian Engineering Colleges.A book cover of 'The Encyclopedia of Indian Engineering Colleges'

Categories: Television
Source: dienchau2.edu.vn

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