PRISM, the parent company of OYO, has appointed Ajay Tyagi as an Independent Director on its board. Tyagi, a former chairman of the Securities and Exchange Board of India (SEBI) from 2017 to 2022, brings extensive experience in overseeing India’s securities markets and regulatory frameworks.
Prior to his SEBI role, Tyagi held positions in the Ministry of Finance, focusing on capital markets and investment policy. As a 1984-batch Indian Administrative Service (IAS) officer, he has a history of senior government roles and currently serves on various company boards.
The board of PRISM also includes prominent figures such as William Steve Albrecht, Troy Matthew Alstead, Deepa Malik, Bejul Somaia, Sumer Juneja, and Aditya Ghosh. PRISM operates a substantial number of hotel and home storefronts across numerous countries.
In a move signaling potential future developments, PRISM had submitted confidential draft IPO papers to SEBI last year. The company’s recent financial report for Q1 FY26 showcased a notable net profit of over Rs 200 crore and revenues reaching Rs 2,019 crore.
Source: Entrackr : Latest Posts