Treebo Hotels, India’s largest budget hotel chain, has appointed ex-Amazon executive Pradeep Sriram as its new Head of Finance. In this role, Pradeep will be heading all commercial, accounting, tax, compliance, receivables, and payables related activities. Pradeep’s appointment is significant given it comes at a time when Treebo has embarked on a journey towards EBIDTA profitability over the next 18-24 months.
In his last stint, Pradeep was part of the Global Account Receivables and Global Payroll teams at Amazon. At Amazon, Pradeep was also actively involved in designing and implementing process and technology related initiatives within the Finance function. Prior to joining Amazon, he worked with Wipro Technologies for close to 8 years where he headed the Finance function for multiple Business Units with annual revenues of $500M+. At Wipro,Pradeep was instrumental in improving the operating margin of his business unit as well as contributing to large deal wins .
Commenting on his new role at Treebo Hotels, Pradeep Sriram said, “Treebo has a unique business model, which consistently delivers customer delight, impeccable quality and value to its customers. In a short span of 2 years, the company has become the 3rd largest Hotel chain in the country. What’s even more exciting to me as a finance professional is the fact that Treebo is being built on solid fundamentals and the team is committed to sustainable economics. I’m excited about this opportunity, as we embark on a journey to become the country’s largest and most profitable hotel chain over the next few years.”
Sidharth Gupta, Co-Founder, Treebo Hotels said, “Pradeep comes with a broad experience of over 15 years across established firms like Amazon and Wipro. He has demonstrated expertise in driving margin improvements as well as tech-based process improvements in his previous roles. This experience will be valuable to us as we enter the next phase of profitable growth at Treebo. We are excited to have him at Treebo.”
Pradeep is a Qualified Chartered Accountant, Certified Fraud Examiner from ACFE, US (Association of Certified Fraud Examiners, USA), Associate Member of CPA, Australia and Associate Member of ISACA (Information Systems Audit and Control Association).
Founded in June 2015, Treebo Hotels is brainchild of ex-McKinsey consultants Sidharth Gupta and Rahul Chaudhary, and ex-VP engineering of MyGola Kadam Jeet Jain. Treebo Hotels offers quality accommodation in the unorganized and fragmented budget segment which is $20 billion in market size. The company is the largest network of branded budget hotels with 6000 rooms across 250+ properties in over 50 major cities