EaseMyTrip's New Chapter: Nishant Pitti Exits as CEO, Sells 14% Stake Amid Personal Circumstances

Mumbai, January 1, 2025 - In a significant move, Nishant Pitti, the co-founder and former CEO of India's leading online travel booking platform EaseMyTrip, has resigned from his position due to personal reasons. Alongside his resignation, he announced his decision to sell a substantial portion of his Rs 800 crore stake in the company.
Nishant Pitti, who was instrumental in popularizing travel during emergencies and crises, including his notable suspension of bookings to the Maldives in 2024, citing an appeal from Prime Minister Narendra Modi encouraging Indians to explore Lakshadweep Islands instead. This bold move earned widespread admiration and cemented EaseMyTrip's position in the market.
Effective January 1, Nishant Pitti stepped down as CEO, marking a new chapter for the company. His brother and co-founder, Rikant Pitti, has been appointed as the new CEO, taking over the reins of the company's strategic initiatives, drive innovation, and enhance customer experience to solidify EaseMyTrip's industry standing.
As part of this transition, Nishant Pitti plans to sell his entire 14% stake in EaseMyTrip via a block deal. Initially, he will offload only 1.4%, although he had sold 6.25 crore shares previously at an assured commitment not to sell further stakes. His personal circumstances have prompted the decision.
"Nishant's leadership played a vital role in shaping our business into what it is today," said a EaseMyTrip spokesperson. "The company wishes him all the best for his future endeavors and looks forward to Rikant Pitti taking the helm, leading EaseMyTrip to even greater heights."
EaseMyTrip has partnered with over 61,000 travel agents, collaborations with 10 lakh+ hotel partners worldwide, and a customer base of 1.1 crore. The company also boasts tie-ups with approximately 400 airlines globally.
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