Ritesh Agarwal, the visionary Founder and CEO of OYO Rooms, a renowned global hospitality chain, recently emphasized the opportune moment for international enterprises to establish a presence in India. He highlighted the country's welcoming environment bolstered by favorable governmental policies. Agarwal, also a distinguished judge on 'Shark Tank India,' underscored the current global inclination towards India, with every major brand aspiring to operate within its borders.
Reflecting on India's remarkable evolution from a global back office to a hub of talent, Agarwal asserted the nation's pivotal role on the world stage. He emphasized that any global brand, startup, or business not considering India in its expansion strategy would be overlooking significant opportunities.
OYO Rooms, amidst this encouraging business landscape, achieved notable financial milestones. In the third quarter of the fiscal year FY24, the hospitality and travel-tech giant reported a profit after tax (PAT) of Rs 30 crore. This success followed a profitable second quarter, where the company recorded a PAT exceeding Rs 16 crore. These achievements underscore OYO's resilience and adaptability in navigating the dynamic market conditions.
Read also | UK Acknowledges Progress in India FTA Talks Regarding Market Access
