Nishant Pitti, the CEO and co-founder of Easy Trip Planners, resigned from his position effective January 1, citing personal reasons. His brother, Rikant Pitti, the company's CFO, has been appointed as the new CEO with immediate effect.

 This leadership change follows Nishant's decision to sell his stake in the company. On December 31, Nishant offloaded 1.41% of Easy Trip’s shares (4.99 crore shares) worth Rs 78.32 crore. Following the transaction, his stake in the company has reduced to 12.8%, while the combined promoter holding dropped from 50.38% to 48.97%. Earlier, in September, Nishant had sold 14% of his shares, amounting to Rs 920 crore.

In 2024, Easy Trip Planners' stock has fallen by 15.7%, contrasting with an 8.2% rise in the Sensex. Rikant Pitti, now the new CEO, has been with the company since 2011 and has 15 years of experience in travel, tourism, HR, and technology.

 He also holds directorships in several other privately held entities, including Easy Builders and Spree Hotels. Despite the stake sale, the Pitti family, which controls over 50% of the company, has reiterated their strong commitment to Easy Trip, emphasizing their alignment with shareholders' interests. This leadership change marks a significant development in the company, which continues to navigate the challenges of the travel industry.