As announced by OYO, Ankit Gupta has been promoted to the role of chief executive officer for OYO's franchise and frontier businesses in India. His new responsibilities will be as a leader of OYO's flagship hotel and home businesses as well as other verticals, the company said in a statement.
Over the past two years, Gupta has played a major role in strengthening the business in India. Further, he will report to OYO India and Southeast Asia (INSEA) CEO Rohit Kapoor, OYO said.
"Gupta possesses a high level of ownership when it comes to OYO and is committed to the long-term growth of the company. We have been able to respond to the crisis with agility because of the inspiring leadership of Kapoor during the pandemic,'' Kapoor stated. Gupta will now oversee all the regional teams in India, as well as the region's dedicated supply and revenue teams. In the new role, Gupta will leverage the company's core strengths in the region and make the most of any green shoots of recovery,'' he said.