EaseMyTrip, one of India's leading online travel platforms, has undergone a significant leadership transition as Prashant Pitti steps down as Managing Director and Nishant Pitti takes over the role of Chairman and Managing Director, effective August 29, 2025.
EaseMyTrip officially announced that Prashant Pitti has stepped down from his position as MD, effective immediately. Following this, Nishant Pitti has been elevated to the role of Chairman and MD, pending shareholders' approval. Nishant has been integral to the company’s journey since its inception in 2008. His reappointment to the board in May last year was for a span of 5 years, indicating continued strategic involvement despite his earlier resignation as CEO.
The company reiterated Nishant Pitti’s earlier commitment that no further promoter shares will be sold and that all promoters will continue to draw zero salary, underscoring strong alignment with shareholders and confidence in EaseMyTrip’s long-term growth.
Earlier in 2025, Nishant Pitti resigned from the CEO position due to personal reasons. The CEO's responsibilities were then handed over to Rikant Pitti. Alongside this leadership realignment, Nishant had also declared plans to divest his remaining 14% stake in EaseMyTrip via block deals. However, he succeeded in offloading only 1.4% amid market constraints, holding on to the remainder of his shares.
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In an exchange filing, Nishant Pitti, Founder, Chairman cum Managing Director (CMD), EaseMyTrip, said: “EaseMyTrip has always been very close to my heart. As Founder, I have seen this company grow with the trust of our customers, partners, and team members. Stepping into the role of Chairman cum Managing Director (CMD) gives me an opportunity to work even more closely with our people to unlock new opportunities, scale new heights, and continue building a travel-tech brand that India can be proud of.”
On August 29, 2025, Easy Trip Planners share price opened at ₹8.53 on NSE, above the previous close of ₹8.48. During the day, it surged to ₹8.55 and dipped to ₹8.30. The stock closed at ₹8.32 by the end of the day. The stock registered a decline of 1.89%.
Over the past week, it has declined by 7.04%, over the past month, it has declined by 16.47%, and over the past 3 months, it has declined by 25.71%.
EaseMyTrip's leadership shake-up marks a pivotal moment in the company’s governance, with Nishant Pitti taking the reins as CMD. The move follows a broader realignment in executive roles, signalling a shift in the company's operational dynamics amid ongoing market challenges.
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Published on: Aug 29, 2025, 4:34 PM IST
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