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MakeMyTrip Limited (symbol: MMYT) is India's pioneering online travel company, established in 2005. As the first travel portal in the country, MakeMyTrip revolutionized the way Indians purchase travel services with a wide range of offerings, convenience of online transactions, and competitive pricing.
Over the years, MakeMyTrip has consistently led the market with innovative products and services. The company's core business segments include Air Ticketing, Hotels and Packages, and Bus Ticketing. The Hotels and Packages segment, which includes internet-based platforms, call centers, and branch offices, generates the maximum revenue. This segment provides comprehensive holiday packages and hotel reservations.
MakeMyTrip also offers a robust Air Ticketing service, allowing users to book both domestic and international flights through its online platform. Additionally, it has an offline presence with over 60 stores across India, ensuring accessibility for a broader audience.
In August 2010, MakeMyTrip had a successful IPO on NASDAQ, becoming the first Indian travel company to list overseas. This milestone underscores the company's growth and credibility in the international market. MakeMyTrip has also expanded its global footprint by acquiring international entities such as the luxury tours and travel agency, Luxury Tours and Travel Pte Ltd, in Singapore in 2011, followed by acquisitions in Thailand.
The company has been recognized as one of the top ten ‘Best Companies to Work For in India’ for four consecutive years (2010-2013). MakeMyTrip's website attracted over 7.8 million unique visitors per month in the fiscal year 2015, highlighting its strong online presence.
Geographically, MakeMyTrip derives a majority of its revenue from India but also has a presence in the United States, South East Asia, Europe, and other countries. The company's continuous efforts to innovate and expand have solidified its position as a leader in the travel industry.
MakeMyTrip has signed a Business Transfer Agreement to acquire Happay Expense Management Platform from CRED, strengthening its position in corporate travel and expense management solutions. Happay's expertise includes over 900 corporate clients and robust capabilities in product development and data-driven insights. The transaction is expected to close within 90 days, with Happay's team integrating into MakeMyTrip while continuing to support existing clients. MakeMyTrip currently serves over 59,000 corporate clients via MyBiz and 450 large corporates through Quest2Travel. Happay's payments business will remain with CRED.
MakeMyTrip (NASDAQ: MMYT), India's leading online travel company, has announced its annual shareholders meeting scheduled for September 12, 2024, at 5:00 pm IST in Gurugram, India. The company issued its notice of annual meeting and proxy form on July 25, 2024. Shareholders can access the Annual Report, meeting notice, proxy form, and audited financial statements for the year ended March 31, 2024, on the company's investor relations website. These documents are also available upon request via email.
MakeMyTrip operates popular travel brands including MakeMyTrip, Goibibo, and redBus, offering a wide range of travel services such as air ticketing, hotels and packages, bus and rail tickets, car hire, and ancillary services through its websites and mobile platforms.
MakeMyTrip (Nasdaq: MMYT) will announce its fiscal 2025 first quarter financial and operating results on July 23, 2024, before the market opens.
The results will be accessible on the company's Investor Relations website. Additionally, a live Zoom Webinar with the senior management team will take place on the same day at 7:30 am EDT or 5:00 pm IST. Interested participants can register for the webinar via a provided link.
A replay of the event will be made available on the Investor Relations website approximately two hours after the live session concludes.
Noah Holdings (NYSE: NOAH, HKEX: 6686), a leading wealth management service provider, announced changes to its Board of Directors effective June 30, 2024. Dr. Zhiwu Chen retired, and Mr. Jinbo Yao resigned after a decade of service. Mr. David Zhang and Ms. Xiangrong Li have been appointed as Independent Directors. Ms. Li will be the new Chairwoman and join the Audit Committee along with Mr. Zhang. These appointments are expected to enhance Noah's governance and financial operations. Mr. Zhang brings extensive legal expertise, while Ms. Li has a strong background in financial management. Noah aims to maintain its commitment to high corporate governance standards through these changes.
MakeMyTrip (Nasdaq: MMYT) will announce its fiscal 2024 fourth quarter and full year financial results on May 15, 2024. The company will host a live Zoom Webinar with the senior management team on the same day. Participants can register for the webinar through the Investor Relations website.
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