Travel Talk

Yatra fortifies its market position, acquires corporate travel business of PL Worldways

Strengthening its position and eliminating competition, Yatra Online, Inc. has taken over the corporate business of Chennai based offline travel service provider PL Worldways Ltd.

Keeping the financial details confidential, the company hinted at widening its grip in southern India. The acquisition will also aid the company in increasing its client count to 800, from the existing 700.

Dhruv Shringi, co-founder and chief executive of Yatra said, “With this acquisition, we not only strengthen our position in the growing corporate travel market in India but also in southern India, which has been in our cross-hairs for some time.”

Yatra will now help the offline business’s clients with self-booking online and expense management solutions, Shringi said.

PL Worldways, a fully-owned subsidiary of Peirce Leslie & Co, UK was formed in 1985. However, the history of the group can be traced back to pre-independence days of India. The company has 11 offices across the country, with more than 200 employees.

PL Worldways acquisition will complement Yatra’s technology, giving the online portal a local connect. The largest hotel network in the country can optimize its operations providing the clients a better process, mentioned Anil Pathak, chairman of PL Worldways.

Shringi, Manish Amin and Sabina Chopra were the three executives working for Ebookers Group (UK) who founded Yatra. Amin is the chief information officer and Chopra is the executive vice-president of operations. The company has its headquarters in Gurugram.

The revenue for the quarter ended September 2018 was higher for Yatra. Adjusted revenue was recoded at Rs 209.6 crore with a growth of 23.7% for the second quarter of the financial year 2018-19. Last year, it was Rs 169.4 crore. The air ticketing business brought a revenue increase of 14.4% to Rs 137.3 crore. Yatra is the second Indian online travel services provider in the US after MakeMyTrip.

Recent Posts

Paramjit Arora’s Health Biotech Revolutionising the Drug Delivery Field

Medicines can be taken in various ways, like inhaling, swallowing, or injecting into the body.…

3 days ago

Qatar’s post FIFA 2022 actions now centered on environment. It may well deliver, again

Nearly one month has passed since the FIFA 2022 World Cup ended on December 18…

6 days ago

China important, but no longer indisputable leader as Indian labour market gets younger and cheaper

A research report published by U.S.-based Reshoring Institute has indicated that manufacturing wages have increased…

7 days ago


The pharmaceutical exports of India have witnessed a remarkable growth of 103% in the last…

7 days ago

Can India be the world leader in the textile & apparel market?

The Journey of textile industry in India so far India had been the textile exporter…

1 week ago

CSIS War Game Reveals Key Factors for Success in Defending Taiwan from Chinese Invasion. It also Highlights Opportunities for India

The Center for Strategic and International Studies (CSIS) is a think tank and research organization…

1 week ago