This may not be seen as the wisest move in the industry, especially right now when SoftBank’s largest investment, The We Company i.e. WeWork is facing investor questions on its business model. OYO Hotels and Homes parent , Oravel Stays has set up a number of entities similar to Inc42 citing Ministry of Corporate Affairs filings . Two JV ’s for hotel acquisitions and development have been set up in partnership with state controlled SB Topaz . OYO has also set up a financial and technology services company and five additional limited liability partnerships . All eight companies list OYO CEO Ritesh Agarwal and Abhishek Gupta , group CFO , as directors . Gupta has been the signatory on the regulatory filings for all of the companies . Earlier this year , it entered the co - working group .
OYO Hotels and Homes parent , Oravel Stays has set up a number of entities similar to Inc42 citing Ministry of Corporate Affairs filings . Two JV ’s for hotel acquisitions and development have been set up in partnership with state controlled SB Topaz . OYO has also set up a financial and technology services company and five additional limited liability partnerships . All eight companies list OYO CEO Ritesh Agarwal and Abhishek Gupta , group CFO , as directors . Gupta has been the signatory on the regulatory filings for all of the companies . Earlier this year , it entered the co - working group .