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Ashish Kashyap resigns as MakeMyTrip president

Thursday, September 7, 2017, 12:00 Hrs  [IST]
HBI Staff | Mumbai

According to a Firstpost report, Online travel firm MakeMyTrip on September 6 announced the resignation of Co-Founder and President Ashish Kashyap with effect from September 30, 2017.

The company's board has accepted the resignation and MakeMyTrip (India) Pvt. Ltd. and Ibibo Group Private Ltd. has entered into a separation agreement with Kashyap, MakeMyTrip said in a statement. Kashyap is founder, Ibibo Group.

This agreement provides, among other things, final settlement of dues and benefits to Kashyap and certain obligations on him, including non-solicitation and non-competition, which shall continue until September 30, 2019, the statement added.

Deep Kalra, Group Chairman and Group CEO, MakeMyTrip, said, "Ashish has made immense contribution in bringing the MakeMyTrip-Ibibo deal to fruition and setting a strong foundation for the future success of the combined group. At this juncture, I respect his passion for creating and nurturing new and innovative ideas and we wish him the best for the future."

Kashyap said, "The last ten years have been a fantastic journey and I feel privileged to have played a part in the creation and rapid growth of several leading technology brands in India. The merger with MakeMyTrip this year is one of my proudest moments, and I look forward to seeing their continued success. At the same time, I am extremely excited to be spending more of my time creating new opportunities."

The online travel firm offers access to over 45,000 hotels, 13,500 alternative accommodation in India and more than 5,00,000 hotels and properties outside the country.

(Source: Firstpost)

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