Ritesh Agarwal is a famous name in the Hospitality World. He is the Founder and Chief Executive Officer of the Famous Hospitality Chain Company OYO Rooms. He is also ranked among the Top Youngest Entrepreneurs who have earned in Billions. He has also earned the Title of The Youngest Self-made Billionaire. In this Article we have provided a detailed Information on Ritesh’s life, Business, Net worth and more.
Ritesh Agarwal Bio
Ritesh Agarwal was born on November 16th, 1993 in a small town Bissam in Cuttack, Orissa but was raised in Titilagarh, Orissa. He comes from a middle class family. He professes Hinduism and follows its customs and practices.
| Name | Ritesh Agarwal |
| Date of birth | 16 November, 1993 |
| Place of birth | Bissam, Cuttack, Orissa |
| Current city | Mumbai, Maharashtra |
| Profession | Entrepreneur |
| Religion | Hinduism |
| Zodiac Sign | Scorpio |
| Nationality | India |
| Marital Status | Married |
Ritesh Agarwal age
Ritesh Agarwal age is currently 31 years old. Ritesh has gained Wide Experience and has built his name in the Top Business Tycoon in India at such Age.
Ritesh’s Height and Physical Appearance
Ritesh has a very attractive and charming Personality. His gentle and smart appearance makes him perfect as an Entrepreneur. Talking about his physical traits, he stands at an average height of 5 feet 5 inch and weighs around 68 kgs. He has Shiny Black Eyes and Natural Black Hairs. However, these data on his Physical appearance and body measurements are based on his public appearance and may not be necessarily true and can vary.
| Height | 5 feet 5 inch |
| Weight | 68 kgs |
| Eye color | Black |
| Hair color | Black |
| Skin tone | Fair |
| Shoe Size | 7 US |
Ritesh’s Educational Qualification
Ritesh Agarwal is a well educated businessman, whose education has played a vital role in making him the man he is today. Ritesh was an Academically average Student. But was a very visionary and innovative student. He completed his schooling from Sacred Heart School, and later St. John’s Senior Secondary School. After completing his Schooling, He went to Kota, Rajasthan to prepare for the JEE exam. He enrolled in the Bansal Classes but was not able to clear the entrance exam. He then got himself enrolled at University of London International Programme provided by Indian School of Business and Programme. However, he never felt interested in the curse but rather attended the entrepreneur Events. At the age of 17, he dropped out of college to start his career in Business.
| School / College | Name |
|---|---|
| School | Sacred Heart School, Orissa St. John’s Senior Secondary School, Orissa |
| College | University of London |
Ritesh’s Early life and Family
Ritesh was born in a Marwari family in Bissam Cuttack, Orissa, India and was brought up in Titilagarh. His family operated a small shop in Rayagada, Odisha. Ritesh is a Dropout from College. He was so passionate about Business that he at the age of 13 years, started to sell sim cards to gain Business Experience.
When he was 16 years old, he was selected by the TATA Institute of Fundamental Research to participate in the Asian Science Camp. At the age of 17, he left his College. In 2011, he published a Book named Indian Engineering College: A complete encyclopedia of Top 100 Engineering Colleges. To its surprise the book became very popular and one of the highest selling books in India.
Ritesh Agarwal Wife
Ritesh Agarwal is married to Geetansha Sood. The couple got married on March 7, 2023. They have a son named Aryan.
Ritesh and Geetansha Love Story
Everyone is aware of Ritesh’s success story which is quite popular across India. However, little do people know about his love Story and the lady who stood with him from the start. We are talking about Ritesh’s college girlfriend who is now her wife, Geetansha Sood. Ritesh and Geetansha met for the first time in 2012, when Ritesh was striving his best to become an entrepreneur and start his own business.
They soon started meeting oftenly and became very good friends. Soon their Friendship blossomed into love and they started dating. After years of dating Ritesh Agarwal and Geetansha Sood were convinced and assured that they were made for each other. After dating each other for almost 11 years, Ritesh and Geetansha tied Knot on 7 March 2023 in a closed and intimate wedding ceremony. From being the part of Ritesh’s life in every ups and downs, helping him in his business journey, Geetansha has always been with him.
Ritesh’s Children
After a few months of their wedding, Ritesh and Geetansha made an announcement of them being Pregnant on October 13, 2023. Ritesh posted a lovely picture of him posing along with his wife, Geetansha, who was seen flaunting her baby bump penning down a long note in the Caption in which he praised his wife for all the sacrifices she had made over the years. In 2024, the couple were blessed with a Boy to whom they named Aryan. Ritesh is a very protective and caring father. He has not shared any pictures or information of his child in the public or media.
Ritesh Professional Career
- In 2011, Ritesh Agarwal started a company called “Oravel Stays,” which was similar to Airbnb.
- In 2012, His business got a boost through the Venture Nursery program
- In 2013, he became the first Asian to win the Thiel Fellowship receiving a $100,000 grant. Later that year, Ritesh renamed the company to OYO Rooms. By September 2018, OYO had raised a funding of $1 billion.
- In July 2019, Agarwal increased his ownership in the company by purchasing $2 billion worth of shares.
By 2024, Agarwal was still leading OYO, focusing on expanding the company’s reach in countries like the US, UK, Southeast Asia, and the Nordic countries, where OYO had seen strong growth. He also predicted that “Spiritual Tourism” would become a big part of India’s tourism industry in the next five years, pointing to a 70% rise in bookings for holy destinations like Ayodhya during New Year’s Eve, even surpassing popular spots like Goa and Nainital.
- In May 2024, OYO disclosed its first-ever profit of ₹229 Crore for the financial year 2023-24.
Ritesh Shark Tank Investment
On January 22, 2024, the third season of India’s first business reality show, Shark Tank India, premiered, and OYO’s founder, Ritesh Agarwal was one of the judges on the show. The billionaire instantly made audiences fall in love with him. The entrepreneur received plaudits for his well-mannered and analytical reviews of the pitchers on the show. Not only this, 30-year-old Ritesh also became the youngest entrepreneur to feature in the show, Shark Tank India, which speaks volumes about his entrepreneurial journey
| Startups | Investment | Equity | About the Startup |
|---|---|---|---|
| First Bud Organic | 50 lakh | 5% | Organic Foods and Product company |
| Rocca | 30 Lakhs + 30 Lakhs debt @9% for 3 years | 2.5% | Premium Chocolate Brand |
| Croatia Technologies | 80 lakhs | 1% | Trailblazing, Underwater Robotics Vehicles Company |
| Why so Blue | 40 lakh + 35 lakh debt @10% interest for 3 years | 3% | Handcrafted Clothing brand |
| Katidhan | 75 lakhs + 75 lakh debt @10% for 3 years | 5% | Autonomous Light Deterrence System Company |
| Toffee Coffee Roasters | 36 lakhs +25 lakh debt @10% interest for 3 years | 2.33% | Coffee Brand |
| Daak Room | 36 lakh | 6% | Letter Writing service Company |
Ritesh Awards and Achievements
| Year Received | Award | Title Won |
|---|---|---|
| 2013 | Thiel Fellowship TATA First Dot Award | First Resident Asian to win 20 Under 20 Top 50 Entrepreneurs |
| 2014 | Tie- Lumis Entrepreneurial Excellence Award Business World Award | – Young Entrepreneur |
| 2015 | Business World Award Brand Excellence Award | Young Entrepreneur Digital Champion of the Year |
| 2016 | 8th Youth Marketing & Social Media Forum NDTV Award | Star Youth Achiever Dream Chaser of the Year |
| 2017 | Asian’s Centre Award Gaurav Samman Award by Government of Haryana GQ India London Business School Award | New Age Entrepreneur – 50 most Influential Young Leaders Real Innovation |
| 2018 | The Economic Time StartAP Award Forbes India Award Dataquest Award | Startup of the Year Award Entrepreneur of the Year Tycoons of Tomorrow IT Person of the Year |
| 2019 | CNBC Award The Open Republic Achievers Award BTVi National Award for Marketing Excellence BTVi National Award for Marketing Excellence ASEAN Award | Young Turk of the Year Business New Age Category CEO of the Year Young Achiever of the Year India Excellence and Achievement Award |
| 2020 | The Millennial Maverick Award | – |
| 2022 | Jay Chiat Award | Grand Prix |
Ritesh Agarwal Controversies
With success also comes Down Phase. Ritesh has also been involved into many controversies.
- In 2022, OYO was entitled to the Allegation for not following fair competition rules and was penalised for Anti-competitive Behavior. The Competition Commission of India (CCI) fined OYO with Rupees 168.88 crore. The complaint, made by Federation of Hotel and Restaurant Associations of India (FHRAI) , that OYO was being favored by another platform, MakeMyTrip (MMT). This led to other hotels being removed from MMT. Along with OYO, MMT was also fined $27 million. However, OYO did not accept the Allegation and denied it.
- In 2020, OYO was accused of Fraudery Allegations by a businessman named Vikas Gupta who filed a complaint against OYO’s founder Ritesh Agarwal and the CEO of OYO Weddingz, Sandeep Lodha, stating that OYO and Weddinz violated their business agreement. Gupta had worked with them to run a wedding business, but after the pandemic caused losses, Ritesh asked Gupta to re-submit documents he had already provided, which broke the terms of their deal.
- In 2020, OYO was fined in the USA with $202,500. The complaint was made from the California Department of Business Oversight. Hotel owners accused OYO of taking over their hotels without informing them that OYO didn’t have the proper government approval to operate. In short, OYO faced legal trouble for unfair business practices in India and the U.S., along with fraudary allegations.
Ritesh Agarwal Net Worth
With a Well established Professional Career, Ritesh has accumulated Whooping Wealth. He is ranked among the Top Business Tycoon in India. As of January 2025, Riitesh Agarwal net worth is estimated to be ₹16,000 crore. His major source of income is derived from his Company OYO Rooms, Other business ventures investments, Collaborations, Promotions, Brand Endorsement, Social Media and more.
Ritesh Agarwal House
Ritesh also owns a luxurious House in Parsvnath Exotica in Sector 53, Gurgaon. The house is equipped with all the luxury and lavishness. From Private Swimming Pool, Gym, Theater, to antique decoration pieces, the house has all the facilities.
Ritesh’s Car Collection
Ritesh is a Car Freak and has a good collection of Luxurious Cars like Mercedes Benz S Class S 350d worth 1.4 crore, Audi A4 worth 45 Lakhs, Land Rover Range Rover Sport worth 1 Crore, Mercedes Benz E Class E200 worth 64 lakhs, Toyota Fortuner worth 36 lakhs, BMW X5 worth 1.1 crore and Maruti Suzuki Brezza worth 15 lakhs.
Ritesh’s Social Media
Ritesh is very popular on his Social Media Platforms and has built a Huge Fan base by his well established career and business ventures. Ritesh is very active on his social media accounts and uses it as a platform to stay connected to his fans and followers. He is very famous and is a Source of Inspiration and motivation for Youngsters and Budding Entrepreneurs, he is also regarded as the Youngest self made Entrepreneurs in India.
- He has a total of more than 2 Million followers on his Social media profile.
- He also has an account on Instagram with the name ‘@riteshagar’ with more than 9,50,000 followers.
- He also has accounts on Linkedin and Twitter with the names ‘Ritesh Agarwal ’ and ‘@riteshagar’ with more than 9,46,000 and 2,62,000 followers respectively.
- He has a Facebook Account too but he is not active now.
| Social media | Followers/ Subscribers | Link |
|---|---|---|
| 9,50,000 | https://www.instagram.com/riteshagar/?hl=en | |
| – | https://www.facebook.com/riteshagarwall/ | |
| 2,62,000 | https://x.com/riteshagar?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor | |
| 9,46,000 | https://in.linkedin.com/in/riteshagar |
Some Interesting Facts
- Ritesh’s Hobbies include Travelling and Reading Books
- His favourite food is South Indian Cuisine and odia Cuisine
- His Favourite Dessert is Cake, Pastry, Rasgulaa and Chenna Poda
- He is very fond of Crick Sports
- His favorite movie is Munna Bhai MBBS
FAQs
Ans- Ritesh is a Renowned Indian Entrepreneur and Angel Investor. He is the Co- Founder and CEO of the Hospitality company OYO Rooms.
Ans- Ritesh is currently 31 years old.
Ans- Ritesh’s current Net worth is estimated to be around 16,000 Crore.
