New Delhi: EaseMyTrip.com has announced Rikant Pitti as its new Chief Executive Officer (CEO), effective January 1, 2025. He replaced Nishant Pitti, who resigned from the role on December 31, 2024, citing personal reasons.
Board Approval and Leadership Background
The board of Easy Trip Planners, the parent company of EaseMyTrip, approved Rikant Pitti’s appointment as CEO. A graduate of Kurukshetra University, Pitti has 15 years of experience spanning travel, tourism, human resources, and technology. He has also been recognized in Fortune India’s “40 Under 40” list and is part of the promoter group alongside his brothers Nishant and Prashant Pitti.
Company Performance Amid Transition
EaseMyTrip, India’s second-largest online travel portal, reported mixed financial results for Q2 FY25. While revenue from operations grew by 2.1% year-on-year to ₹144.67 crore, net profit dropped 45.17% to ₹25.87 crore, compared to ₹47.18 crore in the same period last year. The company remains the only profitable online travel portal in India, offering airline tickets, hotel packages, and other travel services.
Challenges Ahead for Rikant Pittie
As CEO, Rikant Pitti is expected to steer the company through its financial challenges while capitalizing on its market position. His appointment marks a critical moment for EaseMyTrip as it navigates evolving dynamics in the travel and tourism sector.
Market Reaction
Following the announcement, EaseMyTrip’s shares dipped slightly by 0.19% to ₹15.84 on the BSE.
This leadership change signals a pivotal phase for the company as it aims to maintain profitability and expand its offerings in the competitive online travel market.
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