Recently in MakeMyTrip
Best Companies to Work for 2012: How MakeMyTrip Goes Out of Its Way to Make Environment Gen Y-Friendly
At SP Infocity in Gurgaon’s Udyog Vihar, you can tell the suits from the dudes. Along with the more demure trading giant Li & Fung and Nokia, online travel port MakeMyTrip makes its presence felt. Trippers, as the 1,039-odd employees are called, saunter in and out of glass doors in beachwear and straw hats. There’s camaraderie in corridors and a Dylanesque ‘revolution in the air’.
MakeMyTrip launched its mobile apps for Android devices and iPhone and an upgraded HTML mobile site for smartphones. Following the launch of the Blackberry app earlier, this marks a comprehensive mobile suite from MakeMyTrip that offers its services across all mobile devices, designed to make travel planning fast.
Online travel services company MakeMyTrip has added another feature to its website offering travelers to book their tickets instantly. Titled InstaBook, regular users will be able to book tickets without having to enter their details every time.
Nasdaq-listed travel services provider MakeMytrip has said it is looking at 32 per cent growth in revenues at nearly Rs 560 rpt 560 crore in the current fiscal on account of new initiatives for expansion.
NASDAQ-listed online travel services firm MakeMyTrip has appointed Sanket Atal as its chief technology officer. Till recently, Atal was with CA Technologies as senior vice-president and general manager for the company’s India Technology Center. In his new role, he will strengthen the OTA’s focus on technology and innovation to drive the next phase of its evolution.
The NASDAQ-listed online travel services firm MakeMyTrip’s (MMT) revenue for the fourth quarter ended March 31, 2012 grew 49.6 per cent to $47 million over the year ago period, reflecting strong growth in demand for online ticketing.
Financial Highlights for Fiscal 2012 Fourth Quarter and Full Year (YoY Growth % are on constant currency basis(1); please see table below for YoY growth % on actual basis) Revenue rose 66.8% year over year (yoy) to $47.0 million in 4Q12 and grew 65.5% yoy to $196.6 million for FY12. Revenue less service costs(2) increased 44.0% yoy to $22.1 million in 4Q12 and increased 51.7% yoy to $88.2 million for FY12. Net revenue margin(3) for Air ticketing and Hotels and packages combined increased to 8.5% in 4Q12 versus 8.2% in 4Q11. For FY12 net revenue margin was 8.5% versus 7.9%…Continue Reading »