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Rachit Dhingra- Chairman and CEO
Rachit Dhingra is Chairman and CEO of Odyssey Hotels, a self-funded hospitality investment and Management Company. Rachit has over 30 years of professional experience in management and development of entrepreneurial technology and real estate companies, including positions as Chief Executive Officer. He has also served in officer-level positions as Managing Director/President of business units for Fortune 100 companies. Rachit is well versed in strategic planning and sales activities, P&L management, raising capital, M&A-related transactions and growing early stage companies into profitable multi-million dollar ventures.
In the hospitality sector Rachit has managed numerous hospitality projects including franchise conversions, property renovations and new hotel development etc. He has been able to successfully create value for shareholders by recapitalizing the assets and has a very sound management team that manages assets with a focus on cash flow returns. Prior to founding Odyssey, Rachit co-founded and was the CEO/Chairman of Mantiss Information Corporation, a privately held, multimillion-dollar, self-funded company, which successfully became a premier Software & Service Provider for the deregulated telecommunications industry. Mantiss was acquired by Extant in 1999 by a privately held company backed by PECO Energy, Telstra Corporation, and Lucent. The combination of Mantiss/Extant was acquired by Dynegy, Inc. in late 2000 for over $185 million (NYSE:DYN).
At Dynegy Global Communications, Rachit held a Senior Executive position with responsibility for heading up the software and data business unit. He was also responsible for sale of the software business unit to Platinum Equity. Prior to Mantiss, Rachit has held several consultative senior management positions with fortune 100 companies including Ameritech NCR, CNA Insurance, Rockwell International, and AC Nielson. In these roles, he has been responsible for new business development, successful design and implementation of key information technology strategies, managing multi-million dollar complex and large software projects.
Rachit received his Bachelor of Science in Computer Engineering from SGSITS Indore, India Masters degree in Computer Science (Magna Cum Lade) from Western Illinois University Macomb.
He has attended the Senior Executive Finance Program at the University Of Oxford, England, and a six month Executive Management Program (CMI) at University of Chicago, GSB. Rachit has served as board member for not-for-profit organizations and is also was a Chairman of a Real Estate investment firm.
Rachit enjoys family vacations, global travel exploring different countries. He loves playing Golf, biking, trading stocks and riding his motorcycle.