Thursday, October 9, 2025

EaseMyTrip rejigs leadership: Prashant Pitti steps down, Nishant Pitti takes over as CMD

Date:

Online travel aggregator EaseMyTrip informed the exchanges on Friday, August 29, that Prashant Pitti has stepped down as Managing Director of the company with immediate effect.Nishant Pitti has been elevated to Chairman and MD, effective August 29, 2025, subject to shareholders’ approval. Earlier this year, Nishant Pitti had resigned as CEO citing personal reasons, following which the company appointed Rikant Pitti as the new CEO.

Nishant Pitti has been on the board of the company since 2008 and was re-appointed for a five-year period only in May last year.

He had announced plans to sell his remaining 14% stake in the Easy Trip Planners via block deals. However, he could only manage to sell 1.4% of that stake.”Stepping into the role of CMD gives me an opportunity to work even more closely with our people to unlock new opportunities, scale new heights, and continue building a travel-tech brand that India can be proud of,” he said, while emphasising that EaseMyTrip is now expanding beyond travel, evolving into a diversified ecosystem of businesses and services built on its strong customer base and brand equity.

The company reiterated Nishant Pitti’s earlier commitment that no further promoter shares will be sold and that all promoters will continue to draw zero salary, underscoring strong alignment with shareholders and confidence in EaseMyTrip’s long-term growth.

Shares of Easy Trip Planners are trading 1.42% lower on Friday at ₹8.36.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Utkarsh Small Finance Bank continues to reduce exposure to JLG loans, retail deposits rise

Utkarsh Small Finance Bank Ltd. reported a mixed update...

Dollar extends autumn rally but yen is the currency to watch for stocks

शेयरों में निवेशकों के पास ध्यान केंद्रित करने के...

Marathon Feels ‘Good’ About First Brands Debt Bought at 40 Cents

(Bloomberg) -- Marathon Asset Management LP bought the term...

India’s Q2 manufacturing output surges to highest in many quarters: FICCI

India’s manufacturing sector is poised for strong growth and...