MakeMyTrip Group CEO Deep Kalra steps down, Rajesh Magow to take over

Co-founder and CEO Rajesh Magow will reportedly take over from him as the new group CEO

e4m by exchange4media Staff
Updated: Feb 12, 2020 1:41 PM
Deep Kalra

MakeMyTrip Group  Group CEO and founder Deep Kalra has stepped down, according to media reports. His co-founder, Rajesh Magow, will reportedly be taking over from him. The company released a statement, saying that Kalra will now continue as the executive chairman of the online travel company.  The announcement was made while disclosing MakeMyTrip's quarter 3 results. 

Deep Kalra said, “We believe that separating the roles of Group CEO and Executive Chairman will allow us to focus more on long-term strategic opportunities within and outside India, while maintaining our market-leading position in our existing businesses. Over the last six years, Rajesh has been credited with navigating our India business through varied competitive dynamics and championing the growth of our diversified revenue streams.  He has successfully integrated the Ibibo Group and helped to capitalize on significant synergies across the brands and teams.  The board and I have utmost confidence in Rajesh’s capabilities in his elevated role to drive the next phase of growth for the Group through its three strong brands, MakeMyTrip, Goibibo and Redbus. In this role, he will continue to work closely with me.”

The company said that the transition will also help Deep Kalra devote full time and focus to strategic initiatives for MakeMyTrip which would include product innovation and expansion, geographic growth, business model innovation and corporate development.

Additionally, the company sees that separating the roles of Group CEO and Executive Chairman will allow it to focus on long-term strategic opportunities within and outside India, while maintaining its market-leading position in its existing businesses.

  The Hyderabad-born Kalra is an Economics graduate from the St Stephen’s College in Delhi and an alumnus of the Indian Institute of Management Ahmedabad. In 2011, KPMG ranked him number one on the list of the most powerful digital influencers.

 According to media reports, Kalra will now devote his time to pursue strategic initiatives like product innovation, expansion, geographic growth, business model innovation and corporate development.        

 As the new group CEO Magow will now drive the next phase of growth for MakeMyTrip through Goibibo and Redbus, the company revealed in a statement.

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