It is a leading travel distribution company in the travel & tourism industry. It offers buyers a one-stop solution to explore travel options for worldwide destinations.
The company offers services to both suppliers and buyers, offering instant access to a global network of partners. As of December 31, 2023, it has boarded 1.59 lakh buyers.
As of FY23, 68% of the company's revenue comes from the top 5 suppliers. This exposes the business to pricing pressures from suppliers.
The company's operations depend highly on the hotel and airline industries. Any downturn in these industries may significantly impact the business.
Is the company's net debt-to-equity ratio less than one? Yes. The company is net debt-free as of December 2023.