Ajay Tyagi Appointed as Independent Director at PRISM

Ajay Tyagi has been appointed as an Independent Director on the board of PRISM, which is the parent company of OYO. Tyagi previously served as the chairman of the Securities and Exchange Board of India (SEBI) from 2017 until 2022. In his role at SEBI, he was responsible for managing India’s securities markets, enforcing regulatory frameworks, ensuring investor protection, and supervising both primary and secondary markets.

Background of Ajay Tyagi

Before his time at SEBI, Tyagi worked as Additional Secretary in the Department of Economic Affairs under the Ministry of Finance. His responsibilities included capital markets, investment policies, infrastructure financing, and bankruptcy laws. He is an esteemed Indian Administrative Service (IAS) officer from the 1984 batch and has held various senior positions within the Government of India. Currently, he serves as an independent director on several boards of different companies.

PRISM’s Board Composition

The board of PRISM features notable leaders including William Steve Albrecht, Troy Matthew Alstead, Deepa Malik, Bejul Somaia, Sumer Juneja, and Aditya Ghosh. This diverse group contributes to the strategic management of the company.

PRISM’s Global Operations

PRISM is a significant player in the hospitality industry, operating over 22,000 hotel storefronts and 1,23,000 home storefronts across more than 35 countries. Their extensive reach has made them a critical component of the global hospitality landscape.

Recent Developments

In December of the previous year, PRISM submitted confidential draft IPO papers to SEBI. For the quarter concluding in June 2025 (Q1 FY26), the company reported a remarkable net profit exceeding Rs 200 crore, along with revenue reaching Rs 2,019 crore.