Founder Stack

Nishant Pitti, promoter of online travel company Easy Trip Planners (EaseMyTrip), has pledged 34.51 crore shares worth Rs 211.92 crore with Motilal Oswal Financial Services. According to a disclosure filed with the stock exchanges, the pledge was created on August 24, with the shares pledged for the promoter’s personal use. The pledged shares represent 8.66% of EasyMyTrip’s total share capital. The disclosure shows that Nishant held 45.37 crore shares, or an 11.39% stake, before the latest pledge. Following the transaction, his total encumbered shares stood at 44.87 crore, representing 11.26% of the company. The filing also shows that the value of the shares and the amount against which they were encumbered stood at Rs 211.92 crore, resulting in a 1:1 security cover. Motilal Oswal Financial Services is the entity in whose favour the shares have been pledged. The disclosure classifies the reason for the encumbrance as personal use by the promoter. Notably, the filing separately lists Prashant Pitti, another promoter of EaseMyTrip, with 36.47 crore shares or a 9.15% stake. It does not show any encumbrance against Prashant’s shares in this disclosure. Nishant Pitti’s latest pledge comes as the Pitti family continues to hold a sizeable stake in the travel company. Rikant Pitti, the third promoter, holds 91.73 crore shares, or 23.02% of EasyMyTrip, according to the same disclosure. EasyMyTrip, founded by Nishant Pitti, Rikant Pitti and Prashant Pitti, operates an online travel platform offering flight, hotel, bus and other travel booking services. Financially, the online travel aggregator reported an 18.5% year-on-year growth in operating revenue toRs 134.7 crorein Q1 FY27, compared with Rs 113.7 crore in the year-ago quarter. However, the company slipped into a loss of Rs 11.7 crore from a profit of Rs 44 lakh in Q1 FY26. EaseMyTrip’s shares are currently traded at Rs 5.84 (as on 11.02 AM) with the total market capitalization of Rs 2,323 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.