Jaipur Resort Files FIR Against OYO, Founder Ritesh Agarwal Over GST Notices

A Jaipur-based resort has reportedly filed an FIR against hospitality giant OYO and its cofounder Ritesh Agarwal after receiving GST show cause notices worth INR 2.66 Cr.

As per The Indian Express, Madan Jain, associated with Samskara Resorts, filed the FIR at Jaipur’s Ashok Nagar police station last week, alleging that OYO provided “incorrect information” that resulted in the notices.

Besides OYO and Agarwal, the FIR names several others for cheating, criminal breach of trust, forgery and criminal conspiracy under the Bharatiya Nyaya Sanhita (BNS).

As per the FIR, Samskara Resorts in Jaipur signed an agreement with OYO on April 18, 2019 for a period of 12 months. The resort claims to have seen business transactions totalling INR 10.95 Lakh during the period, for which it claims to have paid the GST dues.

However, the FIR claims that OYO allegedly showed bookings worth INR 22.22 Cr between financial years 2018-19, 2019-20, and 2020-21 with Samskara, for which the GST bill of INR 2.66 Cr is still pending, apart from penalty.

Inc42 has reached out to OYO for comments on the report. The story will be updated on receiving a response.

Meanwhile, Hotel Federation of Rajasthan president Husain Khan told the publication that as many as 20 hotels have received GST notices on the basis of “inflated bills” allegedly shown by OYO.

Khan alleged that OYO has had a “poor record” with hotels, adding that the Federation campaigned against the company four years ago.

Founded in 2012 by Agarwal, OYO offers holiday homes, casino hotels, coworking spaces, budget hotels, corporate stays, and more. The startup has raised nearly $4.5 Bn in funding to date and counts the likes of SoftBank Group and Microsoft among its backers.

The FIR comes a couple of weeks after Agarwal, internally told employees in an email, that the in the fourth quarter (Q4) of the fiscal year 2024-25 (FY25) to INR 2,100 Cr.

“A key contributor to this performance has been the successful integration of G6 Hospitality, adding INR 275 Cr to our revenue,” Agarwal said in the email.

with a net profit of INR 229 Cr as against a net loss of INR 1,286.5 Cr in the previous financial year. However, revenue declined 1.3% to INR 5,388.78 Cr during the year under review from INR 5,463.9 Cr in FY23.

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