Deep Kalra, Chairman & Group CEO
Headquarters: Gurgaon, Haryana, India.
Products: Domestic and International Flight Bookings, Hotels and Holidays bookings, Bus and Rail bookings, Car bookings
Make My Trip Careers: http://careers.makemytrip.com/
MakeMyTrip Inc. (NASDAQ: MMYT) is an online travel company headquartered in Gurgaon, Haryana founded by Deep Kalra. The company provides online travel services including flight tickets, domestic and international holiday packages, hotel reservations, rail and bus tickets. In 2011 and 2012, MakeMyTrip made strategic acquisitions in pursuit of growth through new channels and markets in the South-East Asia region. Recently, it launched Travel Apps for mobile devices. The company has been consistently recognised as one of India’s best travel portals. In addition to a full-service online portal, the company also operates through 59 retail stores across 37 cities in India along with international offices in New York and Sydney
MakeMyTrip was founded by Deep Kalra, an alumnus of Indian Institute of Management, Ahmedabad. Prior to setting up MakeMyTrip, Deep had worked with GE Capital as the Vice President – Business Development (Retail) and had also worked with ABN AMRO Bank and AMF Bowling.
MakeMyTrip was launched in the US market in 2000 to cater to the overseas Indian community for their US-to-India travel needs. The founding team consisted of Deep Kalra, Keyur Joshi (Co-Founder & Chief Commercial Officer), Rajesh Magow( Co-Founder & CEO – India, formerly Chief Operating Officer & Chief Financial Officer) and Sachin Bhatia (ex-Chief Marketing Officer). After serving a long tenure of 10 years, since the company’s inception, Sachin Bhatia quit MakeMyTrip as an active member and decided to work as an independent advisor and a prime shareholder in the company.
With the success of IRCTC (Indian Railways Catering and Tourism Corporation)’s online business model which enabled the Indian traveller to purchase railway tickets on the Internet, things started to look brighter for the travel market in India. This was also the time when Low-Cost Carriers entered the Indian Aviation space. MakeMyTrip started its Indian operations in September 2005, offering online flight tickets to Indian travellers. To broaden it’s travel portfolio, the company also started to focus on non-air businesses like holiday packages and hotel bookings. On August 13, 2010, MakeMyTrip was listed on the NASDAQ and went public, making a debut in the US market. Trade Analysts believed that this was an encouraging sign for both the investors and other Indian firms.
In 2011, the company strengthened focus on the mobile route by creating several travel-related Apps for all types of mobile devices (smartphones and basic cellphones). In the same year, MakeMyTrip also made three acquisitions, namely, Luxury Tours and Travel Private Limited (Singapore), Le Travenues Technology Private Limited (Gurgaon, India) and My Guest House Accommodation (New Delhi, India). MakeMyTrip’s other acquisitions include travel operators like ITC Group and Hotel Travel Group to enter new markets in the South-East Asian region in the year 2012.
Rajesh Magow was appointed as CEO – India in August 2013.
Products and Services
Rail and Bus tickets- MakeMyTrip sells online rail tickets to its customers offering features like return tickets with single payment option, flexi-search and automatic alerts and updates on the availability of tickets. It also offers bus tickets across different categories like Volvo, Air Conditioned, Non Air Conditioned, Deluxe, Semi-Deluxe and Sleeper vehicles.
Cab Service- In May 2010, the company introduced online cab rental services on its website offering travellers an option to book a chauffeur-driven car in major metropolitan cities within India.