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Yatra acquires PL Worldways to further bolster its Corporate business

Chennai, January 2019: Yatra Online, Inc. (NASDAQ: YTRA; OTCQX: YTROF), India’s largest corporate travel services provider and one of India’s leading online travel companies, today announced the acquisition of the corporate travel business of PL Worldways Limited (PLW), a Chennai based corporate travel services provider. This acquisition will help strengthen Yatra’s foothold in the southern India region along with adding over 100 corporate clients to its existing client base of over 700.

Commenting on the acquisition DhruvShringi, Co-Founder and CEO, Yatra Online, Inc., said “PL Worldways has an unparalleled reputation in corporate travel in the southern part of the country due to its strong customer focus and unmatched service. With this acquisition, we not only strengthen our position in the growing corporate travel market in India but also in Southern India, which has been in our cross-hairs for some time. Our endeavour will be to deliver best-in-class service to PLW’s existing customer base, through our self-booking platform and expense management solution software. We look forward to welcoming PL Worldways team to the Yatra family.”

Anil Pathak, Chairman,PL Worldways, said, ”We are excited for PL Worldways to join Yatra family. PL Worldways’ local connect &customer service expertise will complement Yatra’s technology platform and leverage the largest hotel network in the country; helping clients optimize their travel spend and improve their travel processes.”

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