EaseMyTrip, India’s well known online travel technology platform has appointed Rikant Pittie as its new Chief Executive Officer (CEO) and Co-founder with immediate effect. This strategic decision was taken during the company’s board meeting held on January 1, 2025.
Rikant Pittie who previously held the position of Chief Financial Officer (CFO) and Executive Director will now serve as the CEO and the Key Managerial Personnel following the resignation of Nishant Pitti who stepped back due to some personal reasons as mentioned in the letter to the board. According to reports, Nishant Pitti may sell his remaining 14.21% stake in EaseMyTrip through a block deal, valued at approximately Rs 780 crore.
Since 2008, Rikant Pittie co-founded EaseMyTrip and has 15 years of experience in the travel, human resources, tourism and technology sectors. His deep knowledge in the industry has helped EaseMyTrip to become a leading name in India’s travel space. Under Pittie’s leadership, EaseMyTrip has experienced strong growth and it also ensures to build its momentum and increase further innovation in the travel tech space.
This leadership transition was the main reason behind Nishat Pitti’s resignation who stepped back from the role of CEO mentioning personal reasons. In the resignation letter Nishant expressed his gratitude for his tenure and requested to be relieved of his duties.
This strategic move will help the company’s future growth, enhancing customer experiences and solidifying EaseMyTrip’s place within the competitive travel industry.
EaseMyTrip reported flat growth in Q2 FY25, with revenue (less service cost) rising slightly to Rs 131 crore from Rs 130.7 crore in Q2 FY24. Under IFRS, revenue from operations stood at Rs 145 crore, while profits dropped by 42.6% to Rs 27 crore, down from Rs 47 crore in Q2 FY24.
