EaseMyTrip has appointed Rikant Pittieas its new Chief Executive Officer (CEO) with quick impact. The choice was finalized amid the company’s board assembly held on January 1, 2025. 

Rikant, who already served as Chief Financial Officer (CFO) and Executive Director, will presently expect the part of CEO and serve as the Key Managerial Personnel.

Rikant Pittie, a co-founder and core promoter of EaseMyTrip, brings about 15 a long time of involvement in the travel, tourism, HR, and innovation sectors.

This authority move takes after the renunciation of Nishant Pitti, who ventured down from the CEO part citing individual reasons. In his renunciation letter to the board, Nishant communicated his appreciation for his tenure and asked to be diminished of his duties.

On Tuesday, media reports demonstrated that Nishant Pitti is likely to offer his remaining 14.21% stake in the online travel stage through a block deal. The deal is assessed to be worth around Rs 780 crore.

EaseMyTrip detailed level development in Q2 FY25, with income (less service cost) rising marginally to Rs 131 crore from Rs 130.7 crore in Q2 FY24. Beneath IFRS, income from operations stood at Rs 145 crore, whereas benefits dropped by 42.6% to Rs 27 crore, down from Rs 47 crore in Q2 FY24.

source: entrackr.