In a significant leadership reshuffle, Easy Trip Planners, the parent company of the popular travel platform EaseMyTrip, announced on Wednesday, January 1, that Nishant Pitti has stepped down as the Chief Executive Officer (CEO). Nishant cited personal reasons for his resignation.
Rikant Pittie Takes the Helm
The company’s board of directors has appointed Rikant Pittie as the new CEO, effective January 1, 2025. Rikant, who previously served as the Chief Financial Officer (CFO), is stepping into this role with a wealth of experience in the company’s financial and operational strategies. Notably, Rikant is the brother of Nishant Pitti and Prashant Pitti, both of whom are among the company’s founding promoters.
Nishant Pitti’s Stake Sale
Before his resignation, Nishant Pitti made headlines by selling a 1.4% stake in Easy Trip Planners. On Tuesday, December 31, he offloaded 4,99,52,163 shares at an average price of ₹15.68 per share through an open market transaction. The total value of this bulk deal amounted to ₹78.32 crore.
About Easy Trip Planners
Easy Trip Planners, through its flagship platform EaseMyTrip, has become a household name in India’s travel booking sector. The company offers a range of services, including flight, hotel, and holiday bookings, catering to millions of users.
Looking Ahead
With Rikant Pittie now at the helm, the company enters a new chapter. As the travel industry rebounds, all eyes will be on how Easy Trip Planners leverages its leadership transition to strengthen its market position and expand its services.
This development also highlights the evolving dynamics within family-led businesses and their strategies for growth and continuity.
