OYO, THE INDIAN technology firm led by CEO Ritesh Agarwal, added more than 3,500 new corporate clients in the 2024–25 fiscal year, marking a 20 percent year-over-year increase in its corporate portfolio. The company now has a network of more than 6,500 corporate clients across India.
Top additions include SBI Life, Cult Fit and Sun TV Direct, further expanding OYO’s reach among large enterprises and organizations, the company said in a statement.
“The growth has been driven not just by large corporations but also by a diverse mix of small and medium enterprises, traditional business houses, startups, travel management companies and film production houses,” said Manish Kashyap, head of OYO business accelerator. “These clients are increasingly leveraging OYO’s network of properties, flexible booking options, and technology-enabled travel tools to meet evolving business needs.”
Mumbai led all markets with more than 700 new corporate clients in the past year, followed by Hyderabad with 400 and Pune with 350. Chennai, Bangalore and other metros also contributed to overall growth in corporate accounts.
OYO’s corporate travel business saw a boost after the October 2024 launch of Oravel Travel Solutions, its dedicated vertical for corporate clients. The platform offers streamlined check-ins at over 1,100 company-serviced hotels across 300 cities, along with tailored meals, conference facilities, event support, and custom holiday packages. It has also driven growth in long stays and event-based bookings.
The company plans to accelerate its corporate travel expansion through new partnerships and a focus on premium brands, including SUNDAY, Palette, Clubhouse Townhouse, Townhouse O and Collection O.
OYO became India’s most profitable startup with a post-tax profit of Rs 623 crore (approximately $75 million) in 2025 fiscal year, CEO Ritesh Agarwal told employees at a recent townhall, according to Mint citing PTI. The company also reported a 54 percent rise in gross booking value to Rs 16,436 crore (about $1.98 billion).
India is now the fourth-largest business travel market in Asia-Pacific, driven by a strong economy and rising demand for in-person meetings, OYO said, citing the latest Business Travel Index from the Global Business Travel Association. The rapid growth of SMEs is also fueling regional travel demand, creating opportunities for OYO to scale its offerings and grow its share in the business travel market.
As of June 30, 2024, OYO offers more than 40 integrated products and solutions to partners operating 170,000+ hotel and home storefronts across more than 35 countries, including India, Europe and Southeast Asia. In 2024, the company acquired G6 Hospitality for $525 million, and in April G6 reported adding more than 150 corporate clients so far this year.
