NEW DELHI & NEW YORK--(BUSINESS WIRE)--Yatra Online, Inc. (Nasdaq:YTRA), one of India's leading online travel companies, today announced the appointment of Manish Hemrajani as Vice President and Head of Investor Relations for the company. Based in New York, Manish will be responsible for communicating the company's strategy, growth prospects, financial performance and plans for building long-term shareholder value to investors, analysts and other stakeholders.
Manish has over 15 years of experience on Wall Street as a leading Internet research analyst including a stint with Oppenheimer & Co where he was involved with IPOs in the online travel sector. Manish was ranked No. 1 IT analyst by the Financial Times for 2012 and has extensive experience in covering the online travel sector having covered names like Expedia, Priceline, TripAdvisor and Makemytrip.
Commenting on the appointment, Mr. Dhruv Shringi, Co-Founder & CEO, Yatra, said, “With Manish leading our investor relations program we are certain to build and deepen our relationships with investors following the company’s successful listing on NASDAQ in December, 2016. Manish will be instrumental in ensuring that investors and analysts around the world understand our business, strategy and our growth prospects. We look forward to Manish bringing his Wall Street experience and expertise to the role.”
“This is an industry I have followed closely during my time as a Technology and Internet equity analyst over the last 15 years. With India being the fastest growing economy globally and travel being a key contributor to India’s growth, along with rapid proliferation of Internet among its populace, it’s great to be part of a company that stands to benefit from these secular trends. Yatra is a prime example of a company that has been instrumental in changing the travel scenario in India and has tremendous potential going forward. I look forward to conveying the Yatra story to the investment community and see this company grow from strength to strength,” said Manish.
Manish holds a Master of Business Administration degree in Finance from The Stern School of Business, New York University. Manish will be reachable on Manish.Hemrajani@yatra.com.
Safe Harbor Statement
This press release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “project,” “seek,” “should” and similar expressions. Such statements include, among other things, management’s beliefs as well as our strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of our shares, our reliance on our relationships with travel suppliers and strategic alliances, failure to further increase our brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop our corporate travel business, damage to or failure of our infrastructure and technology, loss of services of our key executives, and inflation in India and in other countries. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this press release is provided as of the date of issuance of this press release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About Yatra Online, Inc. and Yatra Online Pvt Ltd
Yatra Online, Inc. is the parent company of Yatra Online Pvt Ltd which is based in Gurgaon, India and is one of India’s leading online travel companies and operates the website Yatra.com. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 62,000 hotels in India and over 500,000+ hotels around the world.
Customers can access Yatra in multiple ways: through a user-friendly website, mobile optimised WAP site and applications, a multi-lingual call centre, a countrywide network of Holiday Lounges and Yatra Travel Express stores.
Launched in August 2006, Yatra was ranked the Most Trusted e-Commerce Travel Brand in India in the Economic Times Brand Equity Survey 2016 for the second successive year, and has won the award for ‘First Prize - Domestic Tour Operator (Rest of India)’ at the India Tourism Awards held in July 2016.