Ritesh Agarwal, the founder and CEO of OYO Rooms, a global hospitality chain, stated that the current period presents an opportune moment for international companies to establish operations in India, benefiting from the country’s favorable business environment and government policies.
In a post on X, Mr. Agarwal, also known for his role as a judge on ‘Shark Tank India,’ expressed that India has become a coveted destination for global brands. He highlighted India’s evolution from being a global back office to becoming a hub of talent on the global stage.
“If you are a global brand, startup, or business, and India is not part of your plans, you are likely missing out,” he emphasized.
Today every global brand wants to be in India.
From being the back office for the world to being the talent capital for the world, India has come a long way globally. If you are a global brand or a startup or a business and India is not on your radar you are probably missing… pic.twitter.com/X54GMryDfk
— Ritesh Agarwal (@riteshagar) April 20, 2024
OYO Rooms, a prominent player in the hospitality and travel-tech sector, reported a profit after tax (PAT) of ₹30 crore in the third quarter (Q3) of the previous fiscal year. This success followed a profitable second quarter (Q2) of FY24, during which the company achieved a PAT exceeding ₹16 crore.