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What is the story about?
Shares of Yatra Online Ltd. fell 5% on Tuesday, November 25, after the company said it has appointed Siddhartha Gupta as its new chief executive officer (CEO) with immediate effect.
The development comes after Yatra's co-founder and previous CEO Dhruv Shringi resigned with immediate effect. However, Shringi has been elevated to the post of Executive Chairman of the board, according to the company's filing.
Shringi will guide Yatra's long-term vision with a focus on global expansion, innovation and shareholder value creation, working in close collaboration with the board and the leadership team, the statement added.
Siddhartha Gupta, the new CEO, has more than 25 years of experience in enterprise technology and B2B SaaS, segments. He has previously held senior roles at SAP, HP and high-growth SaaS ventures in India and overseas, the company said.
"My focus will be on accelerating growth, enhancing our technology and service portfolio, and delivering greater value to our customers," Gupta said.
Shringi said it has been a privilege to lead Yatra since its inception. "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," he added.
Shares of Yatra Online are trading 4.9% lower on Tuesday at ₹165.3. The stock has risen 40% so far in 2025. The stock had ended 2.2% lower on Monday as well.
Also Read:HPCL, BPCL, IOC downgraded by Investec; Brokerage says market overlooking a key risk
The development comes after Yatra's co-founder and previous CEO Dhruv Shringi resigned with immediate effect. However, Shringi has been elevated to the post of Executive Chairman of the board, according to the company's filing.
Shringi will guide Yatra's long-term vision with a focus on global expansion, innovation and shareholder value creation, working in close collaboration with the board and the leadership team, the statement added.
Siddhartha Gupta, the new CEO, has more than 25 years of experience in enterprise technology and B2B SaaS, segments. He has previously held senior roles at SAP, HP and high-growth SaaS ventures in India and overseas, the company said.
"My focus will be on accelerating growth, enhancing our technology and service portfolio, and delivering greater value to our customers," Gupta said.
Shringi said it has been a privilege to lead Yatra since its inception. "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," he added.
Shares of Yatra Online are trading 4.9% lower on Tuesday at ₹165.3. The stock has risen 40% so far in 2025. The stock had ended 2.2% lower on Monday as well.
Also Read:HPCL, BPCL, IOC downgraded by Investec; Brokerage says market overlooking a key risk
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