Nishant Pitti, co-founder of the online travel platform EaseMyTrip, recently resigned from his position as Chief Executive Officer (CEO) and sold a portion of his promoter shares, citing personal reasons. In a statement on social media, Pitti emphasized that this decision does not indicate any lack of confidence in the company’s future. He assured stakeholders that EaseMyTrip remains on a strong growth trajectory under the leadership of his brother and co-founder, Rikant Pittie, who has assumed the role of CEO.
Prior to his resignation, Pitti sold approximately 1.41% of his stake in the company, equating to around 5 crore shares at ₹15.68 each, totaling approximately ₹78 crore. Following this transaction, his shareholding in EaseMyTrip stands at 12.80%.
In his message, Pitti stated, “I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not reflect any lack of confidence in EaseMyTrip’s bright future. With a talented team and Rikant’s visionary leadership, EaseMyTrip is on a strong growth path. To honor your trust, I have thoughtfully limited my share sale and confirm there will be no further sales from my side.”
EaseMyTrip, founded by the Pitti brothers, has established itself as a significant player in India’s travel-tech industry. The company offers a comprehensive range of services, including flight bookings, hotel reservations, and holiday packages. Under Rikant Pittie’s leadership, EaseMyTrip aims to continue its expansion and innovation within the travel sector.
The recent developments have garnered attention within the industry, with stakeholders closely monitoring the company’s strategic direction and market performance under its new leadership. Despite the changes, Pitti’s reassurances have been aimed at maintaining investor confidence and ensuring the continued success of EaseMyTrip.