Kumar will play a key role in advising OYO’s management on short-term and long-term strategy and enhancing brand name globally

Global travel technology platform, OYO has added Rajnish Kumar, former Chairman of State Bank of India (SBI) as Strategic Group Advisor at OYO. He has spent over 40 years in the financial sector, will play a key role in advising OYO’s management on short-term and long-term strategy, regulatory and stakeholder engagement, and enhancing the brand of the company globally.

Kumar joined the bank as a probationary officer in 1980 and retired as a chairman in October 2020 after a distinguished career of 40 years in the bank. He is credited with steering the bank through one of the most difficult periods. YONO, the digital banking platform was built from scratch under the guidance of Kumar. He is currently on the boards of HSBC Asia Pacific, L&T infotech, Hero Motocorp and BharatPe. 

“We are delighted to welcome Rajnish Kumar as a Strategic Group Advisor at OYO. He is a veteran in the financial services sector. It is great to have him work closely with our Board and the Management. His leadership lessons and professionalism are an inspiration. As we look to empower our hotel and home partners, or patrons, as we call them, through technology, and enable our global network of customers to book and stay in affordable and trusted accommodations through a seamless digital experience; we are fortunate to have Kumar steer us on our mission. Technology innovations are exciting for both Kumar and us at OYO. His experience of digitization and technology-led initiatives for the customers is critical for us as we make a difference to our stakeholders’ lives,” said Ritesh Agarwal, Founder & Chairman, OYO.