MakeMyTrip Limited: Business Overview, Financials & Competitive Analysis
MakeMyTrip Limited scores 7/10 on the AskCyborg Cyborg Score (Strong). Market leader in high-growth India travel market with record bookings, diversified distribution, and strategic shift to high-margin segments justifies premium valuation. MakeMyTrip maintains market-leading position with record Gross Bookings of $9.8 billion in FY2025. GST cuts on hotel rooms drove significant volume growth with mid-to-budget hotel volumes surging 23% year-over-year.
What is MakeMyTrip Limited's industry? MakeMyTrip Limited (makemytrip.com) operates in Online Travel Agency / Travel Services. AskCyborg classifies MakeMyTrip Limited under Online Travel Agency / Travel Services in its company registry.
MakeMyTrip Limited operates as a travel service provider across India and Southeast Asia through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The company maintains a dominant position in Indi...
Cyborg Score thesis
Market leader in high-growth India travel market with record bookings, diversified distribution, and strategic shift to...
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Get Current Report FreeMakeMyTrip Limited Overview
Pro stress-test →MakeMyTrip Limited operates as a travel service provider across India and Southeast Asia through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The company maintains a dominant position in India's online travel agency (OTA) market, with full-year 2025 Gross Bookings reaching a record $9.8 billion.
Strategic Profile
Pro stress-test →The company is strategically shifting its focus toward high-margin segments like international travel and non-air services to sustain its robust growth trajectory and expand its Adjusted Operating Profit, which hit $167.3 million in FY2025. MakeMyTrip operates through multiple distribution channels including websites, call centers, franchisee-owned travel stores, and mobile applications.
Competitive Landscape
Pro stress-test →Main competitors in the travel services sector include Yatra Online (market cap $108.3M), Trip.com Group Limited (market cap $48.7B), Global Business Travel Group (market cap $3.98B), and various regional players. MakeMyTrip's dominant Indian market position and scale provide competitive advantages in the regional OTA market against smaller domestic competitors, though it faces larger international players.
Industry Context
MakeMyTrip Limited operates in Online Travel Agency / Travel Services.
Key facts
Founded: 2000 · Headquarters: Gurugram, India · Employees: 5,122 · Revenue: $978.3M · Market cap: $7.8B