MakeMyTrip
Overview
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.
Business Model
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.
Brand Portfolio
The group operates three main consumer brands:
- MakeMyTrip — flagship full-service brand
- Goibibo — second consumer brand acquired in 2017, popular with younger and value-focused travelers
- redBus — leading inter-city bus ticket platform, also active in Latin America and Southeast Asia
Market Position
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.
Key Facts
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.