NASDAQ-listed online travel services firm MakeMyTrip Ltd has promoted Rajesh Magow as chief executive officer, India. Magow is a co-founder at MMT and was its chief financial officer (CFO) since 2005. More recently, he assumed additional responsibilities as chief operating officer (COO), providing strategic and operational leadership to support all business functions within the company.
Magow has 21 years of corporate financial and operating experience in the information technology and internet space. Prior to MMT, he was CFO and acting CEO for the India operations of eBookers.com (now part of Travelport). Deep Kalra will continue to remain chairman and group CEO and will continue to lead the group's strategic developments and overall execution.
"With his track record of excellence in operating roles, I am confident that Magow will successfully deliver in his new role. This development enables me to devote more of my efforts on strategy, mergers and acquisitions (M&A) and international businesses," said Kalra.
In addition, Mohit Kabra, senior vice president of finance, administration and legal at MMT, has been promoted as CFO. Kabra had joined MMT in 2011 and has worked alongside Magow to oversee the company's financial planning, management and legal administration. He has 19 years of corporate finance experience and earlier worked at senior level positions at Kohler India (finance director) and PepsiCo India (financial controller).
"Kabra's proven success in disciplined financial management, along with Magow's leadership will help us maintain our competitive edge with continued focus on execution, along with product and service enhancements. These leadership changes will set the stage for the next phase of growth for MMT," said Kalra.
Launched in 2005, MMT is an online travel site with real-time booking for flights, hotels, holidays and cars. The company claims that its portal attracts over 7.2 million unique visitors every month. It has also established an offline presence through 61 outlets across India. Earlier this year, the company had launched an SMS-based bus ticket booking service that can be done using a feature phone.
(Edited by Joby Puthuparampil Johnson)