OYO Founder Ritesh Agarwal’s Salary Rises 250% From Last Year to Rs 5.6 Crore
Ritesh Agarwal, the Founder and CEO of OYO, earned ₹5.6 crore in compensation in the last fiscal year, an increase of 250 percent.

According to a filing with market regulator SEBI, the online hotel aggregator Oyo’s employee stock option (ESOP) expenses rose 344 percent from Rs 153 crore in FY21 to Rs 680 crore in FY22 at a time when the company brought down salary and bonus expenses substantially.
In the June quarter, Oyo recorded share-based payment expenses of Rs 260 crore.
The company’s latest filing with SEBI also showed that Oyo founder and chief executive officer Ritesh Agarwal received a remuneration of Rs 5.6 crore in FY22, up 250 percent from Rs 1.6 crore in FY21. His compensation for FY20 was Rs 21.5 lakh.
Despite the steep rise in ESOP costs, the hotel aggregator’s employee costs grew only by 7 percent to Rs 1,862 crore in FY22 as expenses on account of salaries, wages and bonuses were reduced 27 percent from Rs 1,520 crore in FY21 to Rs 1,117 crore in FY22.
It was reported earlier that Oyo’s operating revenue rose 18 percent to Rs 4,905 crore in FY22 from the previous year, while net loss narrowed 45 percent to Rs 1,851 crore, the start-up said in an additional IPO filing to the market regulator.