MakeMyTrip Limited (NASDAQ: MMYT) is the leading online travel company in India, founded in 2000 by Deep Kalra. Headquartered in Gurugram, the group operates a portfolio of consumer brands serving Indian leisure and business travelers across domestic and outbound trips.
MakeMyTrip sells air tickets, hotel bookings, holiday packages, rail and bus tickets, car rentals and ancillary travel services. The group runs both agency and merchant models, with strong relationships across Indian airlines, hotel chains and the Indian Railways IRCTC system. Air ticketing remains the largest single revenue contributor, with hotels and packages providing higher-margin growth.
The group operates three main consumer brands:
MakeMyTrip is the dominant Indian OTA, with significant share leadership across air, hotels and packages. It competes with EaseMyTrip, Yatra and Ixigo domestically, and benefits from India's rapid travel market growth and rising middle-class outbound demand.
The group is listed on NASDAQ and was historically backed by Trip.com Group (formerly Ctrip) as a major shareholder. Strategic priorities include hotel supply expansion, AI-driven personalization, growth in bus and rail, and capturing Indian outbound travel demand to Southeast Asia, the Middle East and Europe.
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MakeMyTrip reported record gross bookings of $10.4 billion for FY2026, up 10.4% in constant currency, with operating profit growing 30% despite West Asia headwinds in Q4.
MakeMyTrip's upgraded AI assistant now supports voice-driven bookings in eight languages, built-in payments, and passport OCR — handling entire trips without leaving the chat.
MakeMyTrip is evaluating a domestic India listing for its India business via Indian Depository Receipts, with Morgan Stanley, JPMorgan and Axis Capital hired as advisers. The move signals growth ambitions in one of the world's fastest-expanding travel markets.