New Delhi, August 30, 2025: EaseMyTrip has announced a major leadership change as co-founder Prashant Pitti resigned from his role as Managing Director with immediate effect. The board has elevated Nishant Pitti to Chairman and Managing Director (CMD) for a five-year term, subject to shareholder approval.
EaseMyTrip Leadership and Growth
Founded in 2008 by brothers Nishant, Rikant, and Prashant Pitti, EaseMyTrip has grown into one of India’s largest online travel agencies. From a bootstrap startup to a listed unicorn, the company has expanded across flights, hotels, and holiday packages while competing with players like MakeMyTrip and Yatra.
Prashant Pitti played a key role in the firm’s technology and marketing initiatives. In recent years, he has also emerged as a mentor and angel investor in the Indian startup ecosystem.
Prashant Pitti Steps Down, Nishant Pitti Elevated
According to the company’s exchange filing, Prashant Pitti resigned as Managing Director citing plans to focus on mentoring startups, new ventures, and public-interest initiatives such as urban traffic solutions.
Despite stepping down, he clarified that he will remain a promoter and long-term shareholder, emphasizing that none of the promoters intends to sell their stake.
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Meanwhile, the board approved Nishant Pitti’s elevation from Whole-time Director to CMD for a five-year term ending May 2029. Nishant has previously led the company through its IPO and strategic global expansions.
In addition, Vikas Bansal, a chartered accountant with nearly two decades of experience in corporate finance and PwC, has been appointed as Whole-time Director for the same period.
Challenges for EaseMyTrip
The leadership transition comes during a challenging financial phase for the company. EaseMyTrip reported a 25.5% year-on-year decline in revenue to ₹114 crore in Q1 FY26. Profit after tax dropped sharply by 98.7% to ₹44 lakh from ₹34 crore a year earlier.
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Earlier this year, Nishant Pitti stepped down as CEO, with Rikant Pitti assuming the role. Both Nishant and Rikant voluntarily gave up their salaries temporarily, signaling alignment with shareholders and confidence in the company’s long-term growth.
Reactions to the Leadership Change
Analysts tracking the travel-tech sector note that EaseMyTrip’s leadership shuffle reflects both succession planning and strategic recalibration.
Market experts say Nishant Pitti’s elevation consolidates decision-making at the promoter level while Prashant’s continued involvement as shareholder helps maintain stability. The move may also reassure investors amid declining profitability and intensifying competition.
What Lies Ahead for EaseMyTrip
With Nishant Pitti taking over as CMD, the company is expected to focus on long-term strategy, diversification of services, and operational efficiency.
The appointment of Vikas Bansal as Whole-time Director indicates a stronger emphasis on financial discipline and governance. Industry watchers believe the leadership restructuring could help EaseMyTrip navigate volatile demand in the travel sector and position itself for a recovery in FY26–27.
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