India: OYO ropes in Tejal Patil as senior legal advisor for India & South Asia

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis

Hospitality unicorn, OYO Hotels & Homes, on Monday announced the appointment of Tejal Patil as Senior Legal Advisor for India & South Asia.

In a statement, the company said that this appointment is in line with strengthening its leadership bench and creating a global pool of strategic talent that can help the company achieve its goals.

In her new role, Patil will also be responsible for leading OYO’s legal function in the region, which includes managing regulatory, contractual, and legal compliance for the company, help steer OYO’s strategic initiatives, disputes resolution, and providing senior management with actionable counsel on strategic business decisions and operational execution.

She will also oversee OYO’s regional in-house team of legal and compliance professionals and be responsible for managing outside counsel relationships in India and South Asia. Tejal will be reporting into Rohit Kapoor, Chief Executive Officer, India & South Asia, OYO and working in conjunction with Rakesh Prusti, Global General Counsel, OYO Hotels & Homes.

In her last stint, Patil was that of the General Counsel of General Electric South Asia.

“Tejal needs no introduction in the legal fraternity and her proven leadership skills, problem-solving capabilities, and passion for building efficient teams with strong corporate governance make her best suited to take OYO’s legal team in the region to the next level,” added Prusti.

Earlier, this month, OYO India decided to extend the furlough of its employees till the end of February 2021 and gave them the option to voluntarily separate from the company.

This article was first published on livemint.com.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.