About Le Travenues Technology Limited (ixigo)

Le Travenues Technology Limited, branded as ixigo, was founded in 2006 and operates as a technology-led online travel agency that enables travellers to plan, book, and manage trips across rail, air, buses, hotels, and cabs through websites and mobile apps spanning ixigo, ConfirmTkt, and AbhiBus. The company builds AI, machine learning, and data science features such as PNR status, train confirmation predictions, live running status, flight status, fare alerts, and automated support to improve travel utility and experience, particularly for India’s next billion users beyond Tier I cities. As of March 31, 2025, it served over 544 million annual active users and recorded Gross Transaction Value of Rs 14,971.59 crore, with diversified contributions from trains, flights, buses, hotels, and ancillaries across India and select international markets. The company listed on NSE and BSE on June 18, 2024 following an IPO aggregating Rs 740.10 crore (fresh issue Rs 120.00 crore; OFS Rs 620.10 crore) at Rs 93 per share, strengthening its growth and technology investments. As of March 31, 2025, the group comprised two subsidiaries and one associate: Ixigo Europe, S.L. (100%), Zoop Web Services Private Limited (51%), and Freshbus Private Limited (associate, 25.66%). Operating geographies include pan-India access as an OTA and international reach, with exports contributing 1.21% of turnover in FY 2025.

Le Travenues Technology Limited Business Segment

• FY 2025 revenue from operations was Rs 914.25 crore, up 39.39% year-on-year; ticketing contributed Rs 848.80 crore, advertising Rs 42.40 crore, and other operating revenue Rs 23.05 crore.

• Segment revenue split FY 2025: Trains Rs 456.90 crore (49.98%), Flights Rs 253.39 crore (27.72%), Buses Rs 196.92 crore (21.54%), Other Rs 7.03 crore (0.77%); trains remained the largest contributor, flights rose on higher GTV and take rates, and buses grew on volumes and coverage.

• GTV FY 2025 by line of business: Trains Rs 7,410.46 crore, Flights Rs 5,650.70 crore, Buses Rs 1,801.19 crore; year-on-year GTV growth: trains 33%, flights 60%, buses 53%.

Le Travenues Technology Limited Key Management

• Aloke Bajpai — Chairman, Managing Director & Group CEO.

• Rajnish Kumar — Director & Group Co-CEO.

• Saurabh Devendra Singh — Group Chief Financial Officer.

• Suresh Kumar Bhutani — Group General Counsel, Company Secretary & Compliance Officer.

• Kotha Dinesh Kumar — Chief Executive Officer, ixigo trains and ConfirmTkt (identified as KMP for regulatory compliance).

• Sripad Vaidya — Chief Operating Officer, ixigo trains and ConfirmTkt (identified as KMP for regulatory compliance).
  

Latest Updates on Le Travenues Technology Limited

• Completed Initial Public Offer and listed on BSE and NSE on June 18, 2024; issue size Rs 740.10 crore at Rs 93 per share, including fresh issue of Rs 120.00 crore and OFS of Rs 620.10 crore.

• Acquired a majority stake (51%) in Zoop Web Services Private Limited to enhance train food delivery and travel value-added services.

• FY 2025 operational scaling delivered 39.39% growth in revenue from operations to Rs 914.25 crore, Adjusted EBITDA of Rs 94.77 crore (up ~71.34%), EBITDA of Rs 98.88 crore (up ~86.36%), and Contribution Margin of Rs 401.35 crore (up 36.58%).

• Strengthened AI-led travel utility, localized reach in Tier II/III, and cross-platform synergies across ixigo, ConfirmTkt, and AbhiBus to drive user growth and margins.

• Identified additional KMPs for regulatory purposes and advanced ESOS governance, including shareholder approvals for ESOS 2025 via postal ballot on April 17, 2025.

• No change in nature of business; robust internal controls affirmed by statutory and secretarial audits; no material orders, frauds, or IBC proceedings reported in FY 2025.