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Tag: EaseMyTrip

  • EaseMyTrip To Hire 500 Employees Under One Crore Internship Scheme Announced In Budget 2024 | Companies News

    New Delhi: EaseMyTrip, an Indian online travel company headquartered in New Delhi, will hire 500 interns under a Central Government scheme announced in the Union Budget.

    Nishant Pitti, CEO & Co-Founder of EaseMyTrip, made this announcement on the social media platform ‘X’ after attending Prime Minister Narendra Modi’s inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25’ Conference organized by the Confederation of Indian Industry (CII) in New Delhi today.

    Pitti on X said, “We announce that @EaseMyTrip will be hiring 500+ employees across India under the new employment scheme introduced by our Hon’ble Finance Minister in the 2025 budget. This initiative supports the government’s vision of employment and skill development for more than 10M youth. We commend Hon. PM @narendramodi ji for his unwavering commitment to building a #ViksitBharat. More details to follow.”

    EaseMyTrip is the first company to announce the hiring of 500 interns after the Finance Minister announced the internship scheme in the Union Budget. EaseMyTrip was founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti.

    The company provides hotel bookings, air tickets, domestic and international holiday packages, bus bookings, and white-label services. EaseMyTrip has overseas offices in Singapore, UAE, and Thailand, with country-specific websites for UAE, UK, and Thailand.

    Finance Minister Nirmala Sitharaman announced in the Budget speech that the Centre will launch a scheme for internship opportunities for the youth in the top 500 companies of India as part of the Union Budget 2024-25.

    She said this scheme will be implemented over the next five years and is expected to benefit 100 million youth. Interns will receive a monthly stipend of Rs 5,000 and a one-time assistance of Rs 6,000. The companies will bear the cost of training the interns via corporate social responsibility.

    Pitti said, “We are elated as we plan to add 500+ talented individuals to our team. This move supports the government’s futuristic vision for the country and perfectly aligns with our growth strategy. The expansion underscores our dedication to nurturing the next generation of industry leaders. As we invest in human capital, we intend to set new benchmarks for excellence in the travel sector in India.”

    He further added, “The Hon’ble Prime Minister’s commitment to building a Viksit Bharat is commendable, and we truly support his vision. Our plans to expand our team signify a notable step towards empowering the youth, driving innovation, and contributing to the nation’s progress.”

    EaseMyTrip’s plan to undertake large-scale hiring will positively impact the Indian travel industry’s landscape. By bringing in fresh talent, the brand is helping generate employment in the market while paving the way for growth and innovation across the ecosystem. 

  • EaseMyTrip Withdraws GoFirst Bid To Focus On Core Growth Areas: CEO | Companies News

    New Delhi: Online travel company EaseMyTrip’s CEO Nishant Pitti on Saturday announced the withdrawal of the bid for GoFirst airline to concentrate on the company’s areas of strength. The decision came as the company posted a net loss of Rs 15 crore for the January-March quarter of the fiscal year 2024 (Q4 FY24), primarily owing to substantial write-offs related to now-bankrupt Go Airlines (India) Ltd, also known as GoFirst.

    The company posted Rs 31 crore in net profit in the same period in the last fiscal year. In a statement, Pitti said that after careful consideration, “I have decided to withdraw from the GoAir (now branded as GoFirst) bid in my personal capacity”. “This decision allows me to better focus on other strategic priorities and initiatives that align with our long-term vision and growth objectives,” he added. (Also Read: From Sleeping On Railway Stations To Self-Made Billionaire: Read Inspiring Journey of 10th Grade Dropout Who Now Owns Rs 92,000 Cr Company)

    The Q4 loss occurred after the travel company wrote off amounts recoverable from Go Airlines (India) Ltd after the holding company assessed that the chances of recovery are “remote in the pending dispute resolution proceedings of the airline at National Company Law Tribunal, Delhi Bench”. (Also Read: RBI Fines Hero FinCorp Rs 3.1 Lakh For Violating Fair Practices Code)

    Pitti further said that the company’s commitment to delivering exceptional value and service remains unwavering as “we continue to navigate new opportunities and challenges”. For the full fiscal FY24, EaseMyTrip recorded revenue of Rs 609 crore, a 31 per cent increase from Rs 464 crore in FY23.

    In Q4 FY24, the company acquired a 50 per cent stake in Jeewani Hospitality to develop a luxurious 150-room Radisson Blu hotel in Ayodhya. It also introduced EaseMyTrip Insurance Broker Pvt Ltd, marking its entry into the Rs 7.9 trillion insurance industry.