OYO’s parent PRISM appoints former SEBI chairman Ajay Tyagi as independent director

PRISM, the parent of OYO, has appointed Ajay Tyagi as an Independent Director on its board.

Tyagi is a former chairman of Securities and Exchange Board of India (SEBI), where he served from 2017 to 2022. During his tenure, he oversaw India’s securities markets, regulatory frameworks, investor protection and primary and secondary market supervision.

Before SEBI, Tyagi served as Additional Secretary in the Department of Economic Affairs under the Ministry of Finance, handling capital markets, investment policy, infrastructure financing and bankruptcy law. He is a 1984-batch Indian Administrative Service (IAS) officer and has held multiple senior roles in the Government of India. He currently serves as an independent director on several company boards.

PRISM’s board includes William Steve Albrecht, Troy Matthew Alstead, Deepa Malik, Bejul Somaia, Sumer Juneja and Aditya Ghosh.

PRISM operates over 22,000 hotel storefronts and 1,23,000 home storefronts across more than 35 countries.

PRISM had also filed confidential draft IPO papers with the Securities and Exchange Board of India (SEBI) in December last year. 

For the quarter ended June 2025 (Q1 FY26), the company reported a net profit of over Rs 200 crore and revenue of Rs 2,019 crore.