EaseMyTrip cofounder and chairman Nishant Pitti has pledged another 6.86 Cr shares worth about ₹55 Cr to Motilal Oswal Financial Services. This represents 1.89% of the company’s total share capital.

In an exchange filing, the company said that the pledge was created on March 24 for “personal use” and represents about 15% of the 45.4 Cr shares held by Pitti. He had earlier pledged 9 Cr shares of EaseMyTrip worth ₹94.5 Cr to Motilal Oswal in July last year.

Prior to the latest pledge, 38 Cr shares, representing 10.45% stake in EaseMyTrip, were pledged by Pitti. Including the latest pledge, Pitti has pledged a total 44.87 shares of the company, representing 98.89% of his total holding and 12.34% of EaseMyTrip’s total share capital.

The chairman has consistently sold-off his stake in the company over the past few years. Pitti’s stake in EaseMyTrip reduced to 12.8% by the end of FY25 from 28.13% a year ago. This was after he sold about 5 Cr shares of the company worth ₹78.3 Cr via a block deal in December 2024. Shortly after, he stepped down from the post of CEO in January 2025 and was succeeded by his brother and cofounder Rikant Pittie. 

Pitti had assured at the time that he wouldn’t be selling any more of his stake in the company and that the sale was due to “personal reasons”. 

The company has been undertaking an overhaul of its businesses. Under the programme, ‘EaseMyTrip 2.0’, the company will partner with “high-potential, scalable businesses” in travel, beauty and wellness, insurance and assistance, airport services, financial products, lifestyle experiences and educational travel among other verticals. 

While announcing the initiative in June of last year, Pitti claimed that the company will acquire up to 49% equity in startups looking to partner with the company and help them with scaling, branding and customer acquisition. 

EaseMyTrip has regardless been on an acquisition spree in recent years, buying stakes in multiple companies, including charter aviation company Big Charter, medical tourism company Pflege Home Healthcare and bookings platform cheQin, via share swap deals.  

Despite these initiatives, it has failed to prop up revenue due to a slowdown in its ticketing vertical. Its revenue stood at ₹161.3 Cr in Q3 of FY26, a marginal increase of 0.7% YoY and 28% QoQ. While it returned to the black on a sequential basis, posting a net profit of ₹3.4 Cr during the quarter as against a net loss of ₹36 Cr in the previous quarter, its profit plunged 90% on a yearly basis. 

The weak financial performance has also affected the company’s share price, which has plunged over 40% from a 52-week high of ₹13.49. At 14:30 IST, shares of EaseMyTrip were trading 4.3% higher at ₹8 apiece. 

Earlier today, EaseMyTrip also said that it is expanding its presence in Brazil and has signed MoUs with multiple companies in the country, “aimed at exploring opportunities within Brazil’s growing corporate travel ecosystem”.

“Brazil holds strategic importance in our international growth roadmap… Through these corporate partnerships, we aim to engage closely with organisations in Brazil and support their travel needs through our platform while gradually expanding our presence in the market,” the company’s chief strategy officer Vikash Goyal said. 

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