In a major development for Easy Trip Planners (EaseMyTrip), Nishant Pitti, the co-founder and CEO of the travel tech company, has resigned from his position, effective January 1, 2025.
The resignation comes after years of successful leadership, during which EaseMyTrip became one of India’s leading online travel platforms. Pitti cited personal reasons for his decision to step down.
Following his departure, his brother, Rikant Pitti, the company’s Chief Financial Officer (CFO), will take over the reins as the new CEO. Rikant, who has been with the company since its inception, brings extensive experience in the travel industry and is expected to continue driving the company’s growth and innovation.
Nishant Pitti’s resignation also coincides with his decision to divest a portion of his stake in EaseMyTrip. Through an open market transaction on December 31, 2024, Pitti sold 1.4% of the company’s shares, valued at approximately ₹78 crore.
This reduced his overall holding in the company to 12.8%. Despite the divestment, Pitti remains one of the largest individual shareholders in EaseMyTrip.
Nishant Pitti co-founded EaseMyTrip in 2008, and the company has grown rapidly to become one of the most successful players in India’s competitive online travel booking market.
EaseMyTrip provides a wide range of services, including flight bookings, hotel reservations, and holiday packages, catering to both leisure and business travelers.
The company’s growth has been bolstered by its customer-centric approach and its ability to innovate in a fast-changing market.
In 2020, EaseMyTrip became a publicly traded company, and it has continued to see strong performance on the Indian stock markets.
Rikant Pitti’s appointment as CEO is expected to bring continuity to the company’s operations.
He has been a crucial part of EaseMyTrip’s strategic decisions and has helped steer the company through both the challenges of the pandemic and the recovery period.
The leadership change marks a new chapter for EaseMyTrip as it enters 2025. Industry analysts believe that the company is well-positioned to continue its growth trajectory, given its strong brand, loyal customer base, and robust technology platform.
The resignation of Nishant Pitti marks the end of an era for the company, but with the Pitti family remaining at the helm, many expect EaseMyTrip to continue leading the charge in India’s online travel sector.
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