Oyo Rooms guardian appoints former SEBI chairman Ajay Tyagi to board forward of IPO

PRISM, the guardian of Oyo Rooms, has appointed former capital markets regulator Ajay Tyagi as an Unbiased Director, including heavyweight regulatory expertise to its board at a time when firm IPO sure. 

Tyagi beforehand served as Chairman of the Securities and Change Board of India between 2017 and 2022, a interval marked by tighter disclosure norms, expanded surveillance mechanisms, and reforms aimed toward deepening India’s fairness markets. 

As SEBI chief, he oversaw coverage protecting preliminary public choices, institutional investments, company governance requirements, and investor safety frameworks throughout each main and secondary markets.

Earlier than heading SEBI, Tyagi was Further Secretary within the Division of Financial Affairs on the Ministry of Finance, Authorities of India. In that function, he dealt with capital markets coverage, infrastructure financing, funding regulation, chapter regulation implementation and broader financial-sector reforms. 

A 1984-batch Indian Administrative Service (IAS) officer, he spent many years in senior administrative and coverage roles throughout ministries.

He holds a bachelor’s diploma in Electrical Engineering (Electronics), a grasp’s diploma in Pc Science, and a grasp’s diploma in Public Administration from Harvard College. He presently serves as an Unbiased Director on the boards of a number of Indian corporations.

The appointment comes as PRISM continues to reposition itself as a technology-driven international hospitality platform. By Oyo Rooms, the corporate operates a big community of franchised and leased inns throughout India and worldwide markets.

After navigating pandemic-era disruptions and subsequent restructuring, the corporate claims to have been working to enhance profitability metrics, strengthen compliance processes, and streamline operations — strikes that business observers view as vital for sustained institutional investor confidence and potential entry to public markets.

Tyagi joins a board that blends regulatory, educational, client and funding experience. Members embrace William Steve Albrecht, Unbiased Director and the Dr. Jay H. Value / Arthur Andersen Endowed Professor of Accountancy at Utah State College; Troy Matthew Alstead, Unbiased Director and former chief monetary officer and group president of Starbucks Company; Dr. Deepa Malik, Unbiased Director and Padma Shri awardee; Bejul Somaia, Unbiased Director and accomplice at Lightspeed Enterprise Companions; Sumer Juneja, Non-Govt Nominee Director and Managing Companion at SoftBank Funding Advisers; and Aditya Ghosh, Non-Govt Nominee Director and Co-Founding father of Akasa Air.