OYO Parent PRISM Appoints Ankit Tandon as Group COO & CEO of Europe Ahead of $7–8 Bn IPO
PRISM, the parent company of global travel tech brand OYO, has announced a significant leadership reshuffle ahead of its highly anticipated $7–8 billion IPO. Former OYO Vacation Homes CEO Ankit Tandon has been elevated to Group Chief Operating Officer (COO) and Chief Executive Officer (CEO) of Europe, signaling a strategic move to strengthen international operations and leadership depth.
Tandon succeeds Gautam Swaroop, who is stepping down to pursue his own entrepreneurial venture. The leadership transition is expected to be seamless, given Tandon’s extensive experience within OYO’s global operations and his role in scaling its European vacation rental business over the past few years.
Strategic Leadership Reshuffle to Drive Global Focus
The elevation of Ankit Tandon comes as PRISM accelerates its global expansion under its new brand identity, “PRISM Life.” The company is undergoing internal restructuring to align better with its international growth objectives and operational efficiencies.
Key leadership roles have been expanded as part of the reshuffle. Executives such as Varun Jain and Shirish Damani are taking on broader responsibilities, reflecting the company’s intention to build a stronger, more agile leadership bench as it gears up for public listing.
Tandon’s promotion reflects PRISM’s confidence in his ability to lead one of its most important markets—Europe—where OYO Vacation Homes has built a sizable footprint across holiday destinations in the Netherlands, Denmark, Spain, and Germany.
A Profitable Path to IPO
PRISM’s leadership changes come on the back of a strong financial performance in FY25, as the company reported a profit of INR 244.8 crore, with a 16% rise in revenue to INR 6,252.8 crore. This marks a significant turnaround for the hospitality-tech giant, which had faced headwinds in earlier years due to the pandemic and market uncertainties.
The profitability milestone bolsters confidence in PRISM’s growth strategy and could play a key role in boosting investor sentiment ahead of its planned IPO.
“PRISM Life” and the Road Ahead
The rebranding of the company’s global vision under the “PRISM Life” identity underscores its evolution from a budget hospitality aggregator to a diversified global travel and real estate technology platform. With offerings across hotels, vacation homes, and property management solutions, PRISM aims to position itself as a comprehensive travel lifestyle brand.
Ankit Tandon’s appointment is expected to strengthen PRISM’s execution in mature European markets, where local regulatory understanding, operational efficiency, and customer trust are critical for sustained growth. His track record of scaling OYO’s vacation rental business, coupled with deep operational expertise, makes him well-suited to lead this next phase.
Preparing for a Landmark IPO
As PRISM prepares for its $7–8 billion IPO, the leadership overhaul reflects a sharpened focus on profitability, global scalability, and governance—key elements that investors look for in public market debutants.
With strong financials, strategic leadership moves, and a clear global roadmap, PRISM is positioning itself as one of India’s most promising tech-enabled global companies heading into 2026.
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