India is in a rushed to achieve big heights in terms of economy as well as lifestyle and this adjustment in Indian economy is a reflection of young talents who concoct innovative business thoughts. Such new startups are anticipated to be billion dollar organizations as time flows. Today we shall look into such inspiring success story of one of such young entrepreneur, Ritesh Agarwal who is one among numerous such abilities. He has started a new trend in standard budget hotel in India with his ‘OYO rooms’ chain and is considered to be one of the youngest CEOs in India.
Ritesh belongs to a rich family in Orissa who runs their family business. He generally tried to make his own particular character and amid school days he was never inspired by studies therefore he stays as a school drop out. At an extremely youthful age he traveled all over India and stayed and experienced the different level of comfort most of the hotels are providing.
Agarwal has won many awards and accolades for his work including the Business World Young Entrepreneur Award. He is a regular speaker at entrepreneurial conferences and institutes across India and the world. – Wikipedia
At 18 years old he thought of spending plan inn network ‘Oravel stays’ which gives quaint little inn. In any case, with more examination of business sector he figured out there are no essential offices accommodated the financial backing explorer in a large portion of the inn, accordingly he changed over his ‘Oravel Stays’ to ‘OYO rooms‘. Every last room is given aerating and cooling, Spotless cloth, complimentary breakfast, complimentary wireless internet and hygienic washrooms.
According to Ritesh, OYO Rooms was founded to solve the problem of the lack of predictability, affordability, accessibility and availability at budget stays.
OYO rooms is India’s largest budget hotel chain and is present in over 120 cities across the country with 20,000 rooms under its umbrella. OYO rooms is not merely an aggregator of budget hotels but instead focuses on the standardization of hotels in the non-branded hospitality sector. OYO rooms is considered to be one of the very few start-ups which are non-copycat.
Here is very popular speech of Ritesh on youtube.