India’s travel-tech darling just got rocked. In a move no one saw coming, EaseMyTrip’s co-founder and Managing Director Prashant Pitti has suddenly resigned — effective immediately. But that’s just the tip of the iceberg.
The company is battling crashing profits, slumping revenue, and a full-blown leadership shake-up. And if that wasn’t enough? The remaining founders just gave up their salaries to save the company.
What’s going on behind the scenes of this once-booming unicorn? Let’s break it down.
Prashant Pitti Walks Away — But Why Now?
Prashant Pitti, who helped build EaseMyTrip from scratch with his brothers Nishant and Rikant, stunned everyone by stepping down as Managing Director without warning.
In his resignation letter, he said he wants to mentor startups, work on new ventures, and focus on solving urban traffic issues. Admirable goals — but the timing couldn’t be more suspicious.
Is this really about passion projects? Or is he jumping ship while it’s still afloat?
While he’s quitting his exec role, Prashant will stay on as a promoter and long-term shareholder. He made it clear: no one’s selling shares (yet).
Power Shift: Nishant Pitti Takes Control
With Prashant out, the company wasted no time promoting Nishant Pitti to the top. He’s now the Chairman and Managing Director — a powerful combo — for the next five years, pending shareholder nods.
Nishant isn’t new to running the show. He’s been a key force behind the company’s meteoric rise from a bootstrapped startup to a publicly listed unicorn. But now, with the storm clouds rolling in, he’s being handed a tougher job than ever.
Will he save the company — or go down with the ship?
New Face, Same Fire: Vikas Bansal Joins the Fight
Adding more fuel to the overhaul, the board also announced Vikas Bansal as Whole-time Director. He’s a chartered accountant with 20 years of experience, including a long stint at PwC.
Translation: they’re bringing in financial muscle to keep the company standing.
At the same time, SMD & Co. has been appointed as the secretarial auditor through FY2030. It’s clear — EaseMyTrip is bringing in reinforcements.
The Numbers Are Ugly — Really Ugly
Here’s what really triggered the chaos: the company’s latest financial results are nothing short of a disaster.
- Revenue dropped 25.5% to just ₹114 crore
- Profit after tax fell off a cliff — down 98.7%, from ₹34 crore to just ₹44 lakh
That’s not a dip — that’s a nosedive. Investors are rattled. Analysts are confused. And insiders? Probably sweating bullets.
Founders Take a Bold Step: Zero Salaries
In a dramatic show of solidarity — or desperation — Nishant and Rikant Pitti have voluntarily given up their salaries.
Yes, zero pay.
The move is meant to send a strong message to investors and stakeholders: We’re in this for the long haul. But it also shows just how serious the crisis has become.
This isn’t just a bad quarter. This is a company in survival mode.
January Flashback: The Shake-Up Began Months Ago
If you’ve been watching closely, the cracks started showing in January 2025.
That’s when Nishant stepped down as CEO, and Rikant Pitti took over. Now, with Prashant gone and Nishant elevated, the leadership baton has been fully passed to two brothers in a high-stakes relay.
Can they turn things around? Or are we witnessing the slow unraveling of India’s once-favorite traveltech story?
So… What’s Really Going On?
Let’s recap:
- A co-founder quits suddenly
- Profits crash nearly 99%
- Founders forgo pay
- New director brought in
- Auditors appointed for damage control
It sounds like more than just “business as usual.” It looks like a company scrambling to regain control before investors lose faith completely.
Behind the polished press releases and corporate spin lies one brutal truth: EaseMyTrip is in trouble.
Is This the End of the Road—or the Start of a Comeback?
Let’s be real: EaseMyTrip has bounced back before. The Pittis are seasoned, sharp, and scrappy. The brand still holds strong market recognition, and their cost-efficient model remains a competitive advantage.
But in a cutthroat travel market and post-COVID economy, there are no guarantees. With rising competition, margin pressure, and customer behavior shifting fast, even unicorns can fall hard.
Only time will tell whether this leadership reshuffle is the reset the company needs — or the beginning of the end.
