MakeMyTrip Limited Announces Resignation of Ashish Kashyap as Co-Founder and President, with Effect from September 30, 2017
September 06, 2017 at 11:17 am
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MakeMyTrip Limited announced the resignation of Ashish Kashyap, Co-Founder and President, with effect from September 30, 2017. The MakeMyTrip Board has accepted the resignation and MakeMyTrip (India) Pvt Limited and Ibibo Group Private Limited have entered into a separation agreement with Mr. Kashyap. This agreement provides for, among other things, final settlement of dues and benefits to Mr. Kashyap and certain obligations on Mr. Kashyap including non-solicitation and non-compete obligations which shall continue until September 30, 2019.
MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.
MAKEMYTRIP LIMITED 
