Ritesh Agarwal

A complaint filed in January 2023 in connection with contractual disputes involving Jagadish Hotel led to a charge sheet containing allegations including conspiracy, criminal breach of trust, cheating, mischief and intimidation against Ritesh Agarwal and other executives.

State of the evidence

Complaint, charge sheet and judgment quashing the proceedings documented

Legal status — source text

C.C.No.10486/2023 quashed in its entirety on 9 September 2025

Attribution

Ritesh Agarwal and other executives were personally named; no guilt established

Samskara Resort filed an FIR in Jaipur alleging that OYO had reported thousands of fictitious bookings and artificially inflated its turnover, which reportedly led the tax authorities to issue a GST notice for approximately 2.66 crore rupees. The FIR names OYO, Ritesh Agarwal and several other individuals.

State of the evidence

FIR and allegations publicly documented

Legal status — source text

Investigation/FIR; no finding of guilt found as at 27 August 2026

Attribution

Ritesh Agarwal is named in the FIR; allegations not established

In Shree Veer Corporation and Chief Hospitality v. OYO Hotels, the plaintiffs contend that OYO induced them to enter its franchise model through misleading representations concerning its software, algorithms and revenue guarantees. They attribute some of the disputed statements to Ritesh Agarwal during a 2019 meeting in San Francisco. The litigation continued before the federal court for the Northern District of Texas in 2025.

State of the evidence

Federal proceedings and detailed allegations documented in court orders

Legal status — source text

Civil litigation ongoing in the verified 2025 orders; no final judicial finding of personal fraud

Attribution

Agarwal's personal statements cited as elements of the allegation against OYO

A hotelier accused OYO and Ritesh Agarwal of manipulating bookings, showing certain cancelled rooms as occupied and withholding part of the revenue that was to be distributed under an 80/20 revenue-sharing arrangement. An FIR alleging criminal breach of trust and cheating was registered.

State of the evidence

FIR and original judgment documented

Legal status — source text

Crime No.396/2019 quashed by the Karnataka High Court on 18 April 2023

Attribution

Personal and corporate allegations arising from a hotel contract

Kountheya Hotels accused OYO, Ritesh Agarwal and other executives of failing to honour a guaranteed minimum payment per room, withholding payments and committing acts described in the FIR as breach of trust, forgery and cheating. The Karnataka High Court quashed the FIR in April 2022.

State of the evidence

FIR and judgment quashing the proceedings documented

Legal status — source text

FIR No.143/2019 quashed on 21 April 2022

Attribution

Personal and corporate allegations arising from a commercial dispute; no guilt established

Hotel associations accused OYO of commissions, discounts, fees and contractual practices considered abusive and called for police or competition investigations. The period coincided with a public deterioration in relations between OYO and some of its partner property owners.

State of the evidence

Association complaints, requests for police investigations and competition proceedings documented

Legal status — source text

Several institutional proceedings; no personal conviction of Ritesh Agarwal

Attribution

Founder-CEO responsibility for commercial strategy; grievances primarily directed against OYO

OYO cut more than 1,000 jobs in India as part of a restructuring aimed at achieving profitability following a period of highly aggressive expansion. Ritesh Agarwal explained to employees that certain roles had become redundant and that the company needed to refocus its operations.

State of the evidence

Redundancy plan and CEO communication documented

Legal status — source text

No criminal proceedings

Attribution

Strategic management responsibility; corporate decision, not criminal wrongdoing

The owner of Roxel Inn in Bengaluru accused OYO and several executives, including Ritesh Agarwal, of failing to pay approximately five months of rent/guaranteed minimum payments of 7 lakh rupees per month, amounting to around 35 lakh. A case alleging cheating and criminal breach of trust was registered.

State of the evidence

Registration of a criminal case and OYO's response documented

Legal status — source text

Complaint/FIR reported in 2019; no public final decision found in the exhaustive search

Attribution

Ritesh Agarwal named alongside other executives; allegations not adjudicated