MakeMyTrip founder Deep Kalra becomes Executive Chairman, Rajesh Magow to take over as Group CEO

On Tuesday, online travel company MakeMyTrip announced the two major role changes, the founder Deep Kalrs is now Executive Chairman and Rajesh Magow will be succeeding him as Group CEO.

The company said in a statement that Kalra will devote his full time to pursuing strategic initiatives, including product innovation and expansion, geographic growth, business model innovation, and corporate development, in his new role as group executive chairman.

MakeMyTrip also reported a lower adjusted operating loss of Rs 78 crore ($11 million) for the third quarter. For the corresponding period in the previous financial year, MakeMyTrip had reported a loss of $22.2 million, the company said in a statement.

MakeMyTrip founder Deep Kalra said, “We believe that separating the roles of Group CEO and executive chairman will allow us to focus more on long-term strategic opportunities within and outside India while maintaining our market-leading position in our existing businesses. Over the last six years, Rajesh has been credited with navigating our India business through varied competitive dynamics and championing the growth of our diversified revenue streams.”