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What happened
Yatra Online Ltd has elevated co-founder Dhruv Shringi to the role of executive chairman while appointing Siddhartha Gupta as the new CEO, effective November 25. This leadership transition is intended to propel the company's next phase of growth. Gupta brings over 25 years of experience in enterprise technology and B2B SaaS, having held senior roles at companies like SAP and HP. Shringi expressed confidence in Gupta's ability to align with Yatra's B2B-first strategy. The company has recently onboarded 148 new corporate clients, representing a potential annual business worth over Rs 700 crore. This strategic move is expected to enhance Yatra's technology and service offerings, aiming to strengthen its international presence in the managed business travel sector.
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Key insights
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Leadership Change: Dhruv Shringi becomes executive chairman, Siddhartha Gupta is new CEO.
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Growth Strategy: New leadership aims to enhance Yatra's growth and technology.
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Corporate Clients: Yatra has secured 148 new corporate clients recently.
Takeaways
The leadership transition at Yatra Online Ltd is a strategic move to enhance growth and leverage new opportunities in the corporate travel sector, with a focus on technology and service improvements.