Yatra Online announced a leadership transition effective November 25, 2025, appointing Siddhartha Gupta as chief executive officer and elevating co‑founder Dhruv Shringi to executive chairman.
Gupta brings more than 25 years of enterprise technology and B2B SaaS experience, having held senior roles at SAP, HP and high‑growth SaaS ventures. His background aligns with Yatra’s strategic focus on corporate travel, MICE expansion and global innovation, positioning him to accelerate the company’s next growth phase.
Shringi will continue to steer long‑term strategy and shareholder value creation as executive chairman, working closely with the board and leadership team to support Yatra’s expansion plans and technology roadmap. His continued involvement signals confidence in the company’s long‑term vision and global ambitions.
Yatra’s business model has shifted toward corporate travel, which now accounts for roughly 60 % of its revenue. The company added 148 new corporate clients in the past year, adding an estimated INR 700 crore in potential business value. The acquisition of Globe Travels has strengthened its MICE capabilities, while recent AI initiatives such as the DIYA assistant are driving operational efficiency and customer engagement.
Financially, Yatra reported Q2 2025 revenue of $23.67 million, a 55.7 % increase over the $15.2 million forecast, and an EPS of $0 versus a consensus of –$0.0011. Q3 FY25 revenue reached INR 2.35 billion (USD 27.6 million), with gross margin up 25 % YoY, and Q4 FY25 revenue of INR 2.192 billion (USD 25.7 million), up 114 % YoY and gross margin up 34 % YoY. Full‑year FY25 revenue grew 90 % YoY and EBITDA rose 105 % YoY, reflecting strong profitability in high‑margin segments.
The revenue and earnings beats are driven by robust demand in corporate travel and MICE, where Yatra enjoys pricing power and cost efficiencies. The B2C segment, however, faces headwinds from intense supplier competition and aviation disruptions, contributing to the modest margin compression seen in the B2C portion of the business.
Dhruv Shringi said, “With Siddhartha coming on board, we are bringing in the right leadership at the right time. His depth of experience in enterprise sales and SaaS aligns perfectly with Yatra’s B2B‑first strategy.” Siddhartha Gupta added, “I am excited to join Yatra at such a pivotal point. My focus will be on accelerating growth, enhancing technology capabilities, and expanding our international presence.”
Investors reacted with mixed sentiment in the short term, but the year‑to‑date performance remains positive, reflecting confidence in Yatra’s high‑margin corporate travel and MICE segments.
The leadership change positions Yatra to capitalize on its strong corporate travel base, leverage its MICE acquisition, and accelerate global expansion, setting the stage for continued growth and profitability.
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