RateGain Travel Technologies Ltd is the leading distribution technology company globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The company was incorporated in New Delhi in 2012 and converted to a public limited company in July 2021. In December 2021, the company went public with an IPO of ₹1,335.74 crore at ₹425 per share and got listed on BSE and NSE on December 17, 2021.
The company offers interconnected products that manage the revenue creation value chain, leveraging big-data capabilities and integration with other technology platforms. This helps hospitality and travel providers acquire more guests, enhance retention with personalized experiences, and maximize margins.
The company operates through three segments: marketing technology (MarTech), distribution, and data as a service (DaaS). It offers travel and hospitality solutions across a spectrum of verticals including hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries.
The company provides data as a service such as competitive rate intelligence for hotels, airlines, OTAs, car rentals, tour operators, and cruises; revenue optimization for car rentals and tour operators; and travel-intent for hotels, airlines, car rentals, and travel-retail. It also provides distribution solutions for enterprise/metasearch/GDS connectivity, channel manager, and content management. In addition, the company offers MarTech for managed media services, paid digital media, and social media management.
As of the latest available data, RateGain has a market cap of ₹5,458 crore. For the full year ended March 2025, net profit surged 43.7% to ₹208.93 crore while net sales increased 12.5% to ₹1,076.67 crore over the year ended March 2024. The company's operating revenue grew by 12.5% year-over-year to reach a new high of ₹1,076.67 crore in FY25.
Key Financial Metrics (FY25):
- Revenue: ₹1,077 crore (up 12.5% YoY)
- Net Profit: ₹209 crore (up 43.7% YoY)
- Operating Margins: Expanded to a record high of 21.6% for FY25, up from 19.8% in the previous year
- Stock P/E: 26.2
- ROE: 13.3%
- ROCE: 17.3%
Q4 FY25 Performance:
- Net Profit: Rose 9.6% to ₹54.81 crore
- Net Sales: Increased 1.9% to ₹260.69 crore (over Q4 March 2024)
- EBITDA Margin: Delivered a record-high of 23.2% in Q4 FY25 with improved operational efficiencies
RateGain Travel Technologies is a global provider of AI-powered SaaS solutions for the hospitality and travel industry. The company today is one of the world's largest processors of electronic transactions, price points, and travel intent data, helping revenue management, distribution, and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises, and ferries drive better outcomes for their businesses.
Founded in 2004 and headquartered in India, RateGain works with 26 of the top 30 hotel chains, 25 of the top 30 online travel agents, 3 of the top 4 airlines, and all the top car rentals, including 16 global Fortune 500 companies. With a wide spectrum of verticals from hotels, airlines, OTAs, and more, RateGain is one of the largest aggregators of data points in the world for the hospitality and travel industry.
- RateGain partners with Cloudbeds to integrate AI-driven hospitality distribution systems globally.
- TezJet partners with RateGain's AirGain platform to boost pricing agility and route profitability in Central Asia.
- RateGain Travel Technologies announced the appointment of Sanchit Garg as Executive Vice President & General Manager - Rev-AI & Car. Sanchit will spearhead the global strategy, operations, and growth for RateGain's Rev-AI and Car business.
The company continues to focus on AI-powered solutions and strategic partnerships to expand its market reach and enhance its product offerings in the rapidly evolving travel and hospitality technology landscape.
- Chairman: Bhanu Chopra
- Company Secretary: Mukesh Kumar
- Promoter Holding: 48.2%
- Promoter Ownership (Bhanu Chopra & Megha Chopra): 47.12% of total equity
- Promoter Pledging: None
