Synopsis:- The travel platform is exploring an India listing to tap growth, supported by 87 million users and 549 million app downloads. Recent acquisitions and internal restructuring strengthen its positioning, while the plan, still subject to approvals, signals confidence in India’s expanding travel market.
India’s biggest online travel company, MakeMyTrip Ltd, made a significant announcement on Monday. The Nasdaq-listed company said it is seriously exploring the idea of listing its India business separately on Indian stock exchanges. This move is aimed at fueling long-term growth in one of the world’s fastest-growing travel markets.
The company believes that getting listed in India could open doors to fresh capital not just from big institutions, but also from everyday retail investors across the country. Beyond money, an India listing would let MakeMyTrip use Indian-listed shares as currency when it wants to acquire or partner with other businesses. It also sees this as a way to deepen its brand connection with Indian consumers, who are its core audience.
Internal Cleanup Already Done
Before moving toward any listing, MakeMyTrip has already done its housework. It recently merged RedBus India, its popular bus-ticketing platform, into the MakeMyTrip India entity. This consolidation brings all major brands under one roof, making the business leaner and easier to manage as a standalone listed company.
India’s Travel Market: Still Wide Open
The company paints a bullish picture of India’s travel opportunity. A rising middle class, growing willingness to spend on travel, rapid digital adoption, and the fact that organised travel is still underpenetrated all point to massive growth potential. MakeMyTrip is already deeply embedded in this market, with over 87 million lifetime customers, 549 million app downloads, 32.5 million hotel room nights, and 104.6 million bus tickets sold.
Smart Bets on Future Growth
MakeMyTrip hasn’t been sitting still. It recently picked up a majority stake in Flamingo Transworld, a regional group holiday packages company, and made a minority investment in Atlys, a visa processing startup. These moves suggest the company wants to own more of the end-to-end travel experience, from visa to bus seat to hotel bed.
Not a Done Deal Yet
The company was careful to note that this potential listing is not confirmed. It still depends on market conditions, regulatory clearances, and internal approvals. But the intent is clear: MakeMyTrip wants a bigger, more permanent presence in the Indian financial ecosystem.
MakeMyTrip’s potential India listing reflects a strategic push to tap into a high-growth market while strengthening its local presence. Although not finalized, the move signals confidence in long-term travel demand, positioning the company to unlock value, attract broader investors, and deepen its integration within India’s expanding digital ecosystem.
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