Easy Trip Planners Share Price Live

History

Easy Trip Planners Limited, initially established as a private limited company under the name Easy Trip Planners Private Limited on June 4, 2008, in India, underwent a significant transformation. On April 12, 2019, it transitioned into a public company, changing its name to ‘Easy Trip Planners Limited’. As of March 31, 2023, the company ranks as India’s second-largest online travel agency, offering various travel services and products.

The company began its journey in 2008, primarily focusing on the B2B2C (business to business to customer) distribution channel. This approach allowed travel agents to use their platform to book domestic airline tickets, catering to the offline travel market in India.

By 2011, leveraging the B2B2C channel, they expanded into the B2C (business to customer) segment, targeting the travel needs of the burgeoning Indian middle class. By 2013, Easy Trip Planners had also ventured into the B2E (business to enterprise) channel, offering comprehensive travel solutions to corporate entities. This expansion into three distinct channels – B2C, B2E, and B2B2C – diversified their customer base and broadened their distribution network.

In March 2021, Easy Trip Planners extended its global reach by incorporating subsidiaries in the United Kingdom, Singapore, and the United Arab Emirates. On March 19, 2021, the company was listed on the stock exchange with an IPO of ₹510 crore.

In the fiscal year 2021-22, the company also established the EaseMyTrip Foundation, a non-profit organisation, and YoloBus Private Limited as wholly owned subsidiaries in India, along with acquisitions and incorporations of several other subsidiaries domestically and internationally.

As of March 31, 2023, Easy Trip Planners has served over 14 million customers and continues to expand its network and services, acquiring subsidiary companies in India and abroad and investing in emerging platforms like CheQin, a real-time hotel reservations marketplace.

In its core air travel business, Easy Trip Planners offers access to over 400 international and domestic airlines, more than 1,096,400 hotels in India and internationally, and covers almost all railway stations in India, along with bus tickets and taxi rentals in major cities. With the largest network of 59,274 registered travel agents in India, the company continues to grow its presence.

Business Segments 

EaseMyTrip, a renowned travel service provider, structures its offerings into diverse segments, catering to various travel needs and preferences:

1. Flight Services: EaseMyTrip facilitates the booking of flight tickets to a wide range of domestic and international destinations. They offer top deals that cater to different customer preferences.
2. Hotel Reservations: The company provides access to various luxurious hotels, resorts, and villas. These accommodations are carefully selected to match various preferences and budgets, ensuring travellers find the perfect stay.
3. Bus Travel: For those seeking to explore offbeat destinations, EaseMyTrip offers bus booking services. These are priced affordably, making it easier for travellers to discover vibrant landscapes.
4. Train Travel: EaseMyTrip enables customers to create lasting memories by offering train bookings at unbeatable rates. This service is ideal for those looking to experience scenic journeys with loved ones.
5. Holiday Packages: The company excels in transforming vacations into extraordinary experiences with its range of holiday packages. These packages are attractively priced and cater to different types of travellers.
6. Car Rental Services: EaseMyTrip provides a hassle-free car rental experience. Customers can choose vehicles based on their price range and specific requirements.
7. Cruise Packages: Offering an array of cruise packages, EaseMyTrip unlocks opportunities for travellers to experience sea voyages. These packages are specially curated and offered at competitive prices.
8. Charter Services: For a more personalised flying experience, EaseMyTrip’s charter services come with convenience and security. These services are tailored to meet the needs of those seeking a private and luxurious travel experience.
9. Adventure and Activities: Catering to adventure enthusiasts, EaseMyTrip presents a variety of adrenaline-pumping activities. These experiences are designed to challenge and thrill, adding an exciting dimension to travel itineraries.

Subsidiaries of Easy Trip Planners 

The company has 11 subsidiaries across 7 countries, some of which are

1. YoloBus Private Limited: Acquired by EaseMyTrip in 2021, this company innovates in intercity bus travel in India, focusing on technology-driven services like online booking and live bus tracking.
2. Spree Hotels and Real Estate Private Limited: Joined EaseMyTrip’s portfolio in 2021, specialising in hotel and serviced apartment management in India, enhancing EaseMyTrip’s offerings in hospitality management.
3. Nutana Aviation Capital IFSC Private Limited: Added to EaseMyTrip in 2023, this non-banking financial company focuses on the aviation sector, providing financial services to airlines and travel agents, filling a niche in aviation financing.

Key Personnel 

Nishant Pitti, Co-Founder and CEO

Nishant Pitti, a co-founder of Easy Trip Planners, is the company’s chief executive officer and a full-time director. His contributions to the field of travel management have been recognised on various prestigious platforms. He received the ‘Doctor of Excellence’ award from the Confederation of International Accreditation Commission (CIAC), Global, at the 6th International Education Forum in 2019.

Additionally, his innovative approach and foresight in the industry earned him the ‘TnH Face of the Future’ accolade at the Travel and Hospitality (TnH) Awards in 2016. Further cementing his status as a leading figure in the sector, Pitti was honoured with the ‘Entrepreneur of the Year in Service Business – Travel’ at the Entrepreneur Awards in 2019.

Corporate Actions 

Bonus 

• On November 22, 2022, a bonus issue was announced by the company at a ratio of 3:1.
• On March 2, 2022, Easy Trip Planners declared a bonus issue at a ratio of 1:1.

Face Value Split

• On November 21, 2022, Easy Trip Planners announced a face value split of its shares, changing the face value from ₹2 per share to ₹1 per share, with a record date of November 22, 2022.

Management Outlook 

• With the Indian government’s increased allocation to tourism in the Union Budget 2022-23, including significant funding for the Swadesh Darshan and PRASHAD schemes, Easy Trip Planners explores opportunities to align with these initiatives. This could involve developing tailored travel packages that incorporate destinations and experiences highlighted by these schemes.

• With the introduction of the ‘All India Tourist Vehicles Authorisation and Permit Rules, 2021’, Easy Trip Planners have an opportunity to expand or streamline their vehicle rental services for tourists, ensuring seamless travel experiences across different regions of India.

• As the Medical Tourism sector in India is expected to grow significantly, Easy Trip Planners could develop specialised travel packages catering to medical tourists. This would involve partnerships with hospitals and wellness centres and providing logistical support and comfortable accommodations.

• Anticipating the projection that the travel and tourism market in India will create approximately 53 million jobs by 2029, Easy Trip Planners could focus on talent acquisition and skill development, preparing a workforce adept at managing the evolving needs of the travel industry.