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What is the story about?
RateGain Travel Technologies expects its distribution business to return to stronger growth as its new artificial intelligence (AI) powered products gain traction, with Founder and Managing Director Bhanu Chopra saying the recent slowdown was driven by a one-time event rather than a structural shift in the travel industry.
He said the weakness followed the consolidation of a large online travel agency (OTA), but the company is already seeing encouraging signs from its latest AI offerings. "We're quite hopeful that we'll see that reversal of trend in that line of business," Chopra said.
The company has introduced AI products such as Agentic ARI and Viva to improve the way hotels and online travel platforms exchange inventory and booking information. According to Chopra, these tools are creating a more efficient real-time connection between hotels and OTAs, while helping optimise bookings and reduce operational inefficiencies. He said the new products are already seeing "very, very good traction" and are expected to support the next phase of growth.
Apart from AI, RateGain is also benefiting from higher travel demand during the ongoing FIFA World Cup in the US. Chopra said the company works with leading
destination marketing organisations
across host cities, making it a beneficiary of tourism campaigns around the event. Higher hotel room rates have also boosted its marketing technology business, which is linked to customer performance.
Chopra also expressed confidence in the company's financial outlook. While RateGain has guided for around 70% growth and a 21% margin, he said early business trends indicate the company could outperform those targets. "We're seeing we should be beating those numbers," he said, adding that the business has "never been a stronger company" because of its customer base and AI-led product innovation.
Watch the full conversation here
That optimism is also reflected in Chopra's own investments. He said he has been increasing his stake in RateGain through open market purchases because he believes the stock remains undervalued and the company has significant room for growth.
Looking ahead, Chopra reiterated RateGain's ambition of becoming a $1 billion revenue company by FY31. He said the combination of AI innovation, expanding margins and a growing global customer base gives him confidence that the company is well positioned to achieve that goal over the next five years.
Noida-based RateGain Travel Technologies has seen its shares rise nearly 97% in the past year. The company now has a market capitalisation of around Rs 10,657.71 crore.
Catch all the latest updates from the stock market here
He said the weakness followed the consolidation of a large online travel agency (OTA), but the company is already seeing encouraging signs from its latest AI offerings. "We're quite hopeful that we'll see that reversal of trend in that line of business," Chopra said.
The company has introduced AI products such as Agentic ARI and Viva to improve the way hotels and online travel platforms exchange inventory and booking information. According to Chopra, these tools are creating a more efficient real-time connection between hotels and OTAs, while helping optimise bookings and reduce operational inefficiencies. He said the new products are already seeing "very, very good traction" and are expected to support the next phase of growth.
Apart from AI, RateGain is also benefiting from higher travel demand during the ongoing FIFA World Cup in the US. Chopra said the company works with leading
Chopra also expressed confidence in the company's financial outlook. While RateGain has guided for around 70% growth and a 21% margin, he said early business trends indicate the company could outperform those targets. "We're seeing we should be beating those numbers," he said, adding that the business has "never been a stronger company" because of its customer base and AI-led product innovation.
Watch the full conversation here
That optimism is also reflected in Chopra's own investments. He said he has been increasing his stake in RateGain through open market purchases because he believes the stock remains undervalued and the company has significant room for growth.
Looking ahead, Chopra reiterated RateGain's ambition of becoming a $1 billion revenue company by FY31. He said the combination of AI innovation, expanding margins and a growing global customer base gives him confidence that the company is well positioned to achieve that goal over the next five years.
Noida-based RateGain Travel Technologies has seen its shares rise nearly 97% in the past year. The company now has a market capitalisation of around Rs 10,657.71 crore.
Catch all the latest updates from the stock market here
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