Nishant Pitti Exits EaseMyTrip, Brother Rikant Pittie Assumes Role Of CEO

Nishant Pitti, the co-founder of EaseMyTrip, has exited the company. The executive has stepped down from the post of CEO of the travel firm citing personal reasons. The exit came into effect from January 1, 2025, the company revealed in an official filing with the exchanges.

After his exit, his brother, Rikant Pittie has been appointed to take over as the CEO on immediate basis. Rikant was serving as the CFO of the company till now, reported Business Standard.

In the filing, the firm said, “EaseMyTrip.com has announced the appointment of Rikant Pittie as its Chief Executive Officer (CEO) and Co-founder. In his new role, Rikant will lead the company’s strategic initiatives, drive innovation, and enhance customer experiences to further strengthen EaseMyTrip’s position in the industry.”

Media reports on Tuesday said that Nishant Pitti was planning to offload his stake in the firm. On December 31, 2024, the executive divested the company’s shares worth Rs 78.32 crore in a block trade deal, which involved 4.99 crore shares. This accounted for 1.41 per cent of the firm’s equity. Easy Trip Planner is the parent company of the EaseMyTrip travel platform brand.

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After the deal, Pitti’s stake in the company has dropped to 12.8 per cent, while the collective promoter stake declined from 50.38 per cent to 48.97 per cent.

Earlier in September, Pitti offloaded 24.65 crore shares coming up for 14 per cent of the firm’s overall share capital worth Rs 920 crore.

Rikant Pittie

Rikant Pittie holds a graduate degree from Kurukshetra University, Ambala. The executive has 15 years of experience in travel, tourism, technology, and HR. He initially joined the Easy Trip board in August 2011 and is a part of several privately held businesses such as Easy Builders, Spree Hotels, Yolobus, Travelluxe EMT, Vehide.Com, Bhoomika Fabricators, and Moneyleader Finance.

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