OYO elevates Rakesh Kumar as Deputy CFO

Hospitality chain OYO has elevated Rakesh Kumar to the position of Deputy Chief Financial Officer (Deputy CFO) of the company.

In the role, Kumar will be responsible for overseeing critical operational finance functions, including treasury, controllership, shared services, business finance, taxation, financial planning and analysis (FP&A) and execution of results, compliance, and timely audits across the organisation, OYO said in a statement.

He joined the hospitality unicorn over five years ago as the Head of Financial reporting. During the challenging period of the Covid-19 pandemic, Kumar played a pivotal role in ensuring timely audits and maintaining the company’s financial health, said OYO. Furthermore, as per the start-up, his leadership led to the successful execution of over 10 equity and debt raises of the company.

Besides his current role, Kumar also took on other business partnering roles and led the transition of acquisitions within OYO, including the two European organisations – Direct Booker and Bornholmske Feriehuse, the company said.

Kumar will continue to report to OYO CFO Abhishek Gupta.

From spearheading our financial reporting efforts to leading complex acquisitions and driving our finance function’s strategic transformation, his dedication and expertise have played an instrumental role in the growth of the company,” said Gupta.

Disclaimer: The views expressed in this feature article are of the author. This is not meant to be an advisory to purchase or invest in products, services or solutions of a particular type or, those promoted and sold by a particular company, their legal subsidiary in India or their channel partners. No warranty or any other liability is either expressed or implied.
Reproduction or Copying in part or whole is not permitted unless approved by author.


Please enter your comment!
Please enter your name here

Latest Articles

Sign Up for CXO Digital Pulse Newsletters

Sign Up for CXO Digital Pulse Newsletters to Download the Research Report

Sign Up for CXO Digital Pulse Newsletters to Download the Coffee Table Book

Sign Up for CXO Digital Pulse Newsletters to Download the Vision 2023 Research Report

Download 8 Key Insights for Manufacturing for 2023 Report

Sign Up for CISO Handbook 2023

Download India’s Cybersecurity Outlook 2023 Report