Yatra buying corporate travel firm Air Travel Bureau
Leading Indian online travel firm Yatra is making a big push in the corporate travel segment with an agreement to buy Air Travel Bureau Ltd.
ATB is India’s largest independent corporate travel business with a customer base of about 400 large and medium sized businesses across the country.
Yatra will acquire all shares and assume ATB’s debt with the deal fully closing by the second quarter of 2018.
Neither the debt amount nor the purchase price was disclosed.
"This acquisition significantly strengthens our position in the large and growing corporate travel market in India," said Yatra co-founder and CEO Dhruv Shringi.
He said the combined entity will be ‘the largest corporate travel services platform in India by gross bookings.’
"We’re excited for ATB to join the Yatra family and for our teams to work together to further enhance the offerings we provide to our customers and partners," said ATB chairman and CEO Sunil Narain.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025