As it prepares to file IPO papers, PRISM elevates key leaders including Ankit Tandon and Varun Jain to sharpen focus on international growth and operational performance
Global Restructuring Ahead of IPO Filing
Hospitality giant PRISM—formerly OYO—has announced a significant leadership reshuffle as it gears up for its third attempt at a public listing, eyeing a $7–8 Bn valuation.
- Ankit Tandon, ex-CEO of OYO Vacation Homes, has been promoted to COO of PRISM Group and CEO for Europe.
- Tandon will oversee business performance across PRISM’s global brand portfolio, including G6 Hospitality, Belvilla, DanCenter, Sunday Hotels, CheckMyGuest, and MadeComfy.
Key Executive Changes at a Glance
The restructuring is designed to streamline international operations and accelerate growth across PRISM’s strategic markets.
Leadership moves include:
- Varun Jain, earlier COO of OYO India, now becomes COO of Asia at PRISM.
- Shirish Damani, Global CRO, takes on the role of COO – Europe Homes & Hotels, with added responsibility for global M&A and supply growth.
- Shreerang Godbole, Global Chief Service Officer, will lead DanCenter’s operations and assist with integrating MadeComfy and PRISM’s US PropCo assets.
A Farewell to Gautam Swaroop
Gautam Swaroop, CEO of PRISM’s International Hotels & Homes division, has exited the company.
- Swaroop is credited with leading OYO’s expansion into the US and scaling other international businesses.
- He plans to launch his own venture, PRISM confirmed.
Strategic Moves for Global Market Positioning
The leadership rejig aligns with PRISM’s broader plan to strengthen operational excellence and consolidate international acquisitions.
- Over the years, PRISM has acquired more than 15 global and Indian brands, including:
- Leisure Group (Germany)
- Direct Booker (Croatia)
- Bornholmske (Denmark)
- CheckMyGuest (France)
- G6 Hospitality (US)
- MadeComfy (Australia)
- Innov8 and Weddingz (India)
The rebranding to PRISM Life signals a shift beyond budget stays into premium, corporate, and experiential segments.
Financial Performance Holds Steady
As PRISM looks to go public, its financials provide a stable foundation:
- Net Profit (FY25): INR 244.8 Cr, up 7% YoY
- Operating Revenue: INR 6,252.8 Cr, a 16% YoY increase
These results reflect the company’s continued emphasis on profitability, even as it scales globally.
IPO Timeline and Market Speculation
PRISM is reportedly set to file IPO papers next month, marking its third bid to go public following earlier attempts in 2021 and 2023.
- Market observers suggest a potential listing in FY26, provided investor sentiment and macro conditions remain favourable.
- The company’s global footprint, restructured leadership, and consistent profitability are likely to play a key role in investor confidence this time around.
