EaseMyTrip cofounder and chairman Nishant Pitti has pledged 34.51 crore shares, representing nearly 9% of the company’s total capital and over 98% of his personal stake, to Motilal Oswal Financial Services for personal use.
- Pitti pledges shares worth ₹211.9 crore to Motilal Oswal Financial Services
- Pledged shares cover 8.66% of EaseMyTrip’s total share capital
- EaseMyTrip faces financial losses and plans a ₹500 crore rights issue
What happened
EaseMyTrip cofounder and chairman Nishant Pitti pledged 34.51 crore shares of the online travel platform to Motilal Oswal Financial Services for personal use. These shares are valued at ₹211.9 crore, representing 8.66% of EaseMyTrip’s total shares and 98.89% of Pitti’s personal stake. This pledge covers nearly all of his shares except for 50 lakh unpledged shares.
This recent pledge restructures Pitti’s previously pledged shares rather than increasing his overall encumbrance, which has remained steady at 44.87 crore shares since April. The motive behind the restructuring has not been publicly detailed. Over the past two years, Pitti has periodically pledged and sold shares, reducing his stake from 28.13% in FY24 to 12.8% by the end of FY25.
Why it matters
This significant share pledge occurs as EaseMyTrip navigates operational and financial challenges. The company reported a loss of ₹11.7 crore in Q1 FY27, reversing a prior small profit, despite an 18.4% increase in revenue. For FY26, EaseMyTrip posted a ₹47.5 crore loss amid a nearly 9% decline in revenue, underscoring the profitability pressures.
Additionally, leadership changes have coincided with these financial difficulties. Nishant Pitti stepped down as CEO in January 2025, succeeded by his brother Rikant Pittie, while cofounder Prashant Pitti resigned as managing director in August 2025. The management shifts and share pledges may raise concerns about future governance and financial stability.
What to watch next
Investors will monitor the planned rights issue recently approved by EaseMyTrip’s board to raise up to ₹500 crore. The capital raise aims to fuel technology enhancements, expand into new business segments such as hotels and holidays, and support strategic acquisitions to reinvigorate growth.
Market participants should also track the share price trends following continued pledges and stake reduction by key promoters, as well as EaseMyTrip’s ability to return to profitability. The outcome of the rights issue and the company’s operational turnaround will be critical for assessing its long-term viability in India’s competitive online travel sector.