About TBO Tek Limited

TBO Tek Limited operates as a B2B travel distribution platform which established in 2006 to create digital solutions for travel distribution through scalable technology that links suppliers with intermediaries. The platform enables suppliers, including hotels and airlines and car rentals and transfers and cruises and insurance and rail, to connect with multiple types of buyers, including travel agencies and independent advisors and tour operators and travel management companies and online travel companies and super-apps and loyalty platforms for booking services in leisure and corporate and religious travel segments. The company operates in 140+ source markets through its 55-country commercial team network, which provides 1 million+ hotel options and 750+ airlines, and supports 16 languages and 88 currencies for 50,000+ transacting agents who make 44,000 daily bookings.

The company operated 21 subsidiaries, which included step-down entities for consolidation purposes as of March 31 2025.

The company began operations in 2006 and issued its first ticket through the portal in 2007 before expanding internationally to the UAE in 2011 and Naspers acquired a stake in 2012 and Brazil operations started in 2015 and the company reached 10,000 monthly transacting agents in 2017 and achieved US $1 billion annual GTV in 2018 and acquired Affirma to take over Naspers’ stake and acquired Island Hopper as its first acquisition in 2019.

2021: Launched Zamzam and Paxes; acquired Gemini Tours and Travels; launched Rail Europe and Marine businesses. 2022: acquired BookaBed AG; 2023: achieved US $10 million GTV in a single day, and General Atlantic invested; acquired Jumbonline S.L.U. 2024: listed on NSE and BSE. 2025: ~50,000 transacting agents, commercial presence in 55 countries, and migration to the new HNext platform.

TBO Tek Limited Business Segments

The company operates through two main segments, which include product and service offerings and geographic locations.

•   Air Ticketing: 18.85%
•   Hotels & Packages: 78.94%
•   Others: 2.21%

The company generates its revenue from international markets, which account for 34.74% of total turnover.

Revenue by geography:

International (exports): ~34.74% of turnover

TBO Tek Limited’s Key Management

• Ankush Nijhawan, Joint Managing Director, with Gaurav Bhatnagar, who holds the same position.
• Akshat Verma, Whole-time Director and Chief Technology Officer of the company.
• Vikas Jain, Chief Financial Officer of the company.
• Neera Chandak holds the dual role of Company Secretary and Compliance Officer at the company.

Latest Updates on TBO Tek Limited

• Public Listing: TBO Tek achieved public listing status through its 2024 initial public offering, which was listed on the National Stock Exchange of India and BSE, while it issued 1,68,56,623 equity shares at Rs 920 per share through a fresh issue and offer for sale of 1,25,08,797 shares.

• Migration to HNext Platform: The company achieved 50,000 transacting agents and 55 countries with commercial teams while it migrated to the HNext platform during 2025.

• Organisational changes: The company underwent organisational changes when Shantanu Rastogi joined as Additional Non-Executive (Nominee) Director on November 12 2024, and Akshat Verma became Additional Whole-time Director & KMP on November 16 2024, while Udai Dhawan left his position as Non-Executive (Nominee) Director on December 3 2024.

• Subsidiaries Established:The company established new subsidiaries in Spain and Australia and Indonesia and Greece, and Israel during FY 2024-25 to enhance its regional market presence.

• Zero Data Breach: The company maintained zero data breaches throughout FY 2024-25 through its Information Security Policy and CISO position.