On August 29, 2025, Prashant Pitti, co-founder of EaseMyTrip, resigned from his role as Managing Director, effective immediately
2. Why Did Prashant Pitti Resign?
Prashant stated his decision stems from a wish to focus on mentoring young startups, exploring new business ventures, and advancing public-good initiatives. Despite stepping down, he remains a promoter and long-term shareholder of the company, with no intentions to divest
3. Leadership Reshuffle at EaseMyTrip
The company acted swiftly. Nishant Pitti has been appointed Chairman and Managing Director, pending shareholder approval. Earlier this year, Nishant had resigned as CEO for personal reasons, with his brother Rikant Pitti replacing him
4. Promoters Build Confidence with Financial Discipline
EaseMyTrip affirmed that no further promoter stake sales are planned, and, importantly, all promoters will continue to draw zero salary—a move aimed at aligning with shareholders’ interests and reinforcing long-term commitment
5. Context: Financial Pressures and Strategic Direction
The leadership transition comes amid financial strain. In Q1 FY26, revenue dropped 25.5%, profits plunged nearly 99% compared to Q1 FY25, and share price plunged close to its all-time low Entrackr. In this context, the reshuffle may be a strategic move to stabilize leadership and steer the company toward recovery and diversification.
Summary:
Prashant Pitti resigns as Managing Director of EaseMyTrip to pursue mentorship and public-good interests, while remaining invested in the company. Nishant Pitti now steps in as Chairman and MD, reinforcing leadership continuity. The promoters’ decision to forgo salaries and not sell shares underlines a message of confidence amid financial setbacks.
