Synopsis: The shares of this small-cap online travel company were in focus today after it announced the resignation of its founder and CEO, which resulted in its share price tumbling almost 8%.
The shares of this company, which is an online travel and hospitality company, were in focus today after the announcement of the resignation of its CEO, Mr Dhruv Shringi, which resulted in the share price crash of the company.
With a market cap of Rs 2,573 Crore, the shares of Yatra Online Ltd reached a low of Rs 160.45 compared to its previous day’s closing price of Rs 173.80, falling almost 8% in today’s trading session. The shares have given a return of 53% in the last 1 year and are trading at a PE of 46.4 compared to its industry PE of 40.6.
About the change in leadership structure.
Yatra is entering a turning point as co-founder Dhruv Shringi steps away from the CEO role he has held since the company’s earliest days. After building Yatra into India’s largest corporate travel services provider and shaping its brand over more than a decade, he is now moving into the executive chairman position.
This shift allows him to focus on the bigger picture, long-term strategy, global expansion, innovation and strengthening shareholder value, rather than daily operations. It signals a deliberate move by Yatra to bring in new operational energy while preserving strategic continuity.
The company is bringing in Siddhartha Gupta as the new CEO, a leader with deep experience in B2B SaaS, enterprise technology and scaling global businesses. His background at companies like SAP, HP, and high-growth SaaS ventures positions him well to accelerate Yatra’s digital transformation and sharpen its B2B-first strategy.
With Siddhartha taking charge of execution and Dhruv guiding the vision, Yatra is effectively refreshing its leadership to move faster, strengthen its hold on the corporate travel market, and push more aggressively into international opportunities, especially after a strong year of adding 148 new corporate clients worth over Rs 700 crore in potential business.
The share price fall might be due to the transition of this leadership, as investors are cautious about the performance of the new CEO and are unsure about the strategic executions for the new plans under the revised regime.
Commenting on the transition, Dhruv Shringi, Executive Chairman, Yatra Online, said, “It has been a privilege to lead Yatra since its inception and to see it evolve into one of India’s most trusted and innovative travel brands, serving both corporate and consumer segments With Siddhartha coming on board, we are bringing in the right leadership at the right time. His depth of experience in enterprise sales and SaaS aligns perfectly with Yatra’s B2B-first strategy. Yatra has always been ahead of the curve in anticipating the needs of businesses, and with Siddhartha’s expertise, I am confident we will not only consolidate our leadership in India but also unlock new growth opportunities globally. I look forward to collaborating with Siddharth and the team to further strengthen Yatra’s leadership in corporate travel and expand our footprint globally.”
Siddharth Gupta, CEO, Yatra Online, said, “I am excited to join Yatra at such a pivotal point in its journey. The company has built a strong foundation with a powerful brand, deep customer relationships, and a leadership position in the corporate travel space. My focus will be on accelerating growth, enhancing our technology and service portfolio, and delivering greater value to our customers. Together, we will scale Yatra to new heights, strengthen our international presence, and continue setting benchmarks in managed business travel.”
Yatra Online Limited is one of India’s most established travel platforms and the country’s largest corporate travel services provider, working with over 1,300 big enterprises and thousands of SMEs. It also ranks among the top three online travel agencies in India.
Through its website and app, Yatra helps travellers easily search, compare, and book everything from flights and hotels to buses, trains, and cabs. With access to more than 80,000 hotels across India and over 2.5 million worldwide, it offers one of the widest accommodation choices in the industry, making it a trusted partner for both business and leisure travellers.
Written by Leon Mendonca.
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