MakeMyTrip's marketing head Manish Kalra quits
Manish Kalra, the marketing head of NASDAQ-listed online travel services firm MakeMyTrip (MMT), has put in his papers. While his next move is unknown, he is currently serving a notice period at the company, according to an Afaqs report. Kalra had been with MMT for over three years, and had joined the company as its marketing head - offline media in 2010, before being promoted as the overall marketing head in Jan 2012.
Note that there has been no official communication from the company on Kalra's departure, and his LinkedIn profile doesn't mention that he has moved from the company. We have contacted him for more information on the same and will update the story as and when we receive it.
Prior to joining MMT, he was leading the marketing efforts at Dell India. He had also earlier worked at companies like PepsiCo (territory development manager) and Citibank. He holds a PGDBM degree in marketing and finance from XLRI Jamshedpur, and a BE degree in mechanical engineering from Punjab Engineering College.
In August last year, the company had promoted Rajesh Magow as chief executive officer, India. Magow is a co-founder at MMT and was its chief financial officer (CFO) since 2005. In addition, Mohit Kabra, senior vice president of finance, administration and legal at MMT, was 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.
Launched in 2005, MMT is an online travel site with real-time booking for flights, hotels, holidays and cars. It had reported a 15.6 per cent rise in revenues less service costs, which stood at $23.3 million for the second quarter ended September 30, 2013 over the year-ago period. Overall revenues rose 3.8 per cent to $47.4 million in the quarter while gross bookings, which represent the total amount paid by a customer while booking on its platform, rose 17.9 per cent to $272.6 million.
(Edited by Joby Puthuparampil Johnson)