OYO’s parent company, PRISM, has appointed former Securities and Exchange Board of India Chairman Ajay Tyagi as an Independent Director on its Board, as the hospitality platform moves closer to accessing public markets.
The announcement comes at a time when PRISM is preparing for its proposed public listing and is focused on reinforcing its governance structure.
Board Strengthening as IPO Preparations Gather Pace
PRISM said the appointment is aimed at strengthening its board and governance framework as it continues to scale operations and position itself for the public markets.According to the company, Tyagi joins an experienced board comprising professionals with backgrounds in governance, consumer businesses, technology, and strategic investments.
Experienced Leadership on PRISM Board
The Board of PRISM includes several Independent and Nominee Directors:- William Steve Albrecht, Dr. Jay H Price or Arthur Andersen Endowed Professor of Accountancy at Utah State University
- Troy Matthew Alstead, former Chief Financial Officer and Group President of Starbucks Corporation
- Deepa Malik, Padma Shri awardee
- Bejul Somaia, Partner at Lightspeed Venture Partners
- Sumer Juneja, Non Executive Nominee Director and Managing Partner at Softbank Investment Advisers
- Aditya Ghosh, Non Executive Nominee Director and Co Founder of Akasa Air
Focus on Governance and Public Market Readiness
Ritesh Agarwal, Founder of PRISM, said Tyagi brings deep expertise in capital markets regulation, governance, and public institution stewardship.He added that Tyagi’s experience will be valuable as PRISM seeks to scale its business while reinforcing governance standards and long term accountability.
The move signals PRISM’s continued emphasis on institutional governance as it prepares for the next phase of growth and public market engagement.
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