OYO Appoints Rakesh Kumar as Chief Financial Officer

Hospitality Tech Platform Elevates Rakesh Kumar to CFO Role, Effective January 1, 2024

  • OYO announces the promotion of Rakesh Kumar as the Chief Financial Officer.
  • Current CFO, Abhishek Gupta, to transition into an advisory and mentorship role.
  • Kumar, presently Deputy CFO, to spearhead financial strategy and operational efficiency in his new position.

New Delhi-based hospitality technology platform, OYO, has revealed the appointment of Rakesh Kumar as its Chief Financial Officer (CFO), effective from January 1, 2024. The company stated that Abhishek Gupta, the current CFO, will remain associated with OYO, contributing in an advisory and mentorship capacity.

Rakesh Kumar, currently serving as Deputy Chief Financial Officer, is set to take charge as CFO, where he will be responsible for steering financial strategy and enhancing operational efficiency for the organization.

The move signifies OYO's commitment to fortifying its leadership team and leveraging experienced professionals to drive the company's financial goals. As OYO continues to expand its footprint in the hospitality and technology sectors, Kumar's elevation comes as part of the strategic alignment to meet evolving business needs.

Abhishek Gupta's transition to an advisory role underscores the value OYO places on retaining talent and utilizing their expertise in a mentorship capacity. The company expresses confidence in Kumar's ability to contribute significantly to OYO's financial endeavors.

OYO remains a key player in the hospitality technology landscape, and with Rakesh Kumar stepping into the role of CFO, the company aims to reinforce its financial foundation and sustain its growth trajectory in the competitive industry.