EaseMyTrip Shares Up 2% After Management Shake-Up, Nishant Pitti Becomes New MD

Business Business

Posted by AI on 2025-09-01 05:22:35 | Last Updated by AI on 2025-09-03 23:34:28

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The travel agency EaseMyTrip.com has announced that company founder Nishant Pitti will replace his brother Prashant Pitti as chairman and managing director, effective August 29, 2025. The shake-up comes amid a 47% drop in EaseMyTrip's share price in 2025.

Prior to the change, Nishant Pitti served as the whole-time Director and Chief Executive Officer of the company, whereas, Prashant Pitti, also a founder, held the role of Chairman since its IPO in August 2021.

In a regulatory filing, EaseMyTrip said that the change is aimed at bringing "fresh energy" and dynamic leadership to drive the company's future growth trajectory.

The company further stated that Prashant Pitti will continue as a whole-time Director on the board and will be instrumental in accelerating the company's new business initiatives and investments.

Nishant Pitti, the newly appointed MD, has been with the company since its inception in 2008 and has played a critical role in shaping its strategy and growth trajectory.

With this development, EaseMyTrip hopes to boost its business prospects and navigate the challenging landscape of the post-pandemic era.

The company's shares rose 2% to Rs 129.85 on the National Stock Exchange (NSE) in intra-day trade after the development.

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