Nishant Pitti, one of the co-promoters of Easy Trip Planners Ltd., the parent company of online travel aggregator EaseMyTrip, has stepped down from his role as CEO effective January 1, 2025, citing personal reasons. Pitti, who has been a pivotal part of the company’s journey since its inception in 2008, announced his resignation through an official letter to the board.
In his statement, Pitti emphasized his continued commitment to the company as Chairman, where he plans to focus on shaping the strategic future of EaseMyTrip. “Exciting times ahead for EaseMyTrip! As Chairman, I’ll focus on shaping our future and driving international expansions, while Rikant steps in as CEO to lead day-to-day operations,” Pitti mentioned in a recent tweet.
Exciting times ahead for @EaseMyTrip! As Chairman, I’ll focus on shaping our future and driving international expansions, while Rikant steps in as CEO to lead day-to-day operations and driving our vision forward. Big things coming!
Confirming again there is no promotor selling.…
— Nishant Pitti (@nishantpitti) January 6, 2025
Stake Sale and Clarification: Earlier this week, Nishant Pitti announced his intention to sell his remaining 14% stake in Easy Trip Planners via block deals. However, he managed to offload only 1.4% of his stake during this process. Pitti reassured stakeholders that this limited sale does not indicate a lack of confidence in the company’s future and confirmed that there will be no further promoter stake sales this year.
Operational Focus:
- The company has operated profitably since inception, adhering to a no-convenience-fee model.
- Future strategies include global expansion and entering new verticals such as corporate travel and luxury tourism.
- EaseMyTrip plans to leverage AI, data analytics, and blockchain technology to enhance customer experiences.
- The company aims to promote eco-friendly travel initiatives and carbon offset programs, ensuring sustainable growth.
EaseMyTrip shares surge 7% as co-founder Nishant Pitti assures no further stake sale in 2025
Nishant Pitti’s resignation comes just months after his reappointment to the board for a five-year term in May last year. With Rikant Pitti stepping in as CEO, EaseMyTrip aims to continue its growth trajectory, supported by its strong leadership and operational efficiency.
