PRISM, the parent company of hospitality platform OYO, has appointed former SEBI chairman Ajay Tyagi as an Independent Director on its board. The appointment strengthens PRISM’s governance structure as the company prepares for its public market debut and continues expanding its global hospitality footprint.
Regulatory Expertise to Support Governance and Public Market Readiness
Tyagi served as Chairman of the Securities and Exchange Board of India from 2017 to 2022, where he oversaw capital markets regulation, investor protection, and supervision of primary and secondary markets. His experience is expected to support PRISM’s compliance, governance, and IPO readiness strategy.
Before SEBI, Tyagi held the role of Additional Secretary in the Department of Economic Affairs under the Ministry of Finance, where he handled capital markets, infrastructure financing, investment policy, and bankruptcy law. A 1984-batch IAS officer, he has also served on multiple corporate boards as an independent director.
IPO Preparation and Financial Growth Strengthen Strategic Position
PRISM had filed confidential draft IPO papers with SEBI in December, signalling its intent to list on Indian stock exchanges. The company reported strong financial performance in Q1 FY26, posting net profit of over Rs 200 crore and revenue of Rs 2,019 crore.
PRISM currently operates more than 22,000 hotel storefronts and 1,23,000 home storefronts across over 35 countries, reflecting its global scale in the digital hospitality sector.
Tyagi’s appointment comes as PRISM strengthens its leadership and governance ahead of its next growth phase and potential public listing.
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