Easy Trip appoints Nishant Pitti as chairman

Easy Trip appoints Nishant Pitti as chairman

Easy Trip Planners Ltd has appointed Nishant Pitti as its chairman, effective July 1, 2025. The appointment comes as the company continues to navigate the challenges of the travel industry, with recent financial results indicating significant declines in both net sales and net profit.

Nishant Pitti, who previously served as the company's CEO, will now take on the role of chairman. This move follows a series of strategic changes aimed at bolstering the company's financial performance and market position. The appointment is expected to bring a fresh perspective and leadership to the company's operations, as it continues to adapt to the evolving dynamics of the travel sector.

The latest financial results for Easy Trip Planners, released on August 14, 2025, showed a 7.37% decrease in net sales and a 54.34% drop in net profit compared to the previous quarter. The company's market sentiment was rated as 'Sell' by MarketsMOJO, reflecting a cautious outlook from analysts. Despite these challenges, the appointment of Nishant Pitti as chairman is seen as a step towards stabilizing the company's operations and positioning it for future growth.

The management team of Easy Trip Planners includes Nishant Pitti as the chairman, Rikant Pittie as the whole-time director, Prashant Pitti as the managing director, and three independent directors: Justice Usha Mehra, Satya Prakash, and Vinod Kumar Tripathi, along with Priyanka Tiwari as the company secretary and compliance officer. This team will oversee the company's operations and strategic direction, aiming to steer the company through the current challenges and towards a more prosperous future.

The appointment of Nishant Pitti as chairman is a significant development for Easy Trip Planners, as it positions the company for strategic changes and potential recovery in the face of ongoing industry challenges.

References:
[1] https://www.marketsmojo.com/stocks-analysis/easy-trip-plann-1003471-0