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MakeMyTrip Limited: Business Overview, Financials & Competitive Analysis

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...

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7/ 10Strong

Cyborg Score thesis

Market leader in high-growth India travel market with record bookings, diversified distribution, and strategic shift to...

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Industry Online Travel Agency / Travel Services
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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MakeMyTrip Limited Overview

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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

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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

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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

What the analysts stress-tested

The top findings that survived the multi-agent debate for MakeMyTrip Limited.

  • Record Gross Bookings of $9.8 billion in FY2025 demonstrates dominant market position in India's OTA segment
  • Strategic pivot toward international travel and non-air services targeting higher-margin revenue streams
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Recent developments

Material events tracked by the AskCyborg corpus.

  • September 2025Mohit Kabra promoted to Group Chief Operating Officer to drive operational efficiency
  • Full Year 2025Achieved record Gross Bookings of $9.8 billion and IFRS Revenue of $978.3 million
  • +1 moreTrack every material event for MakeMyTrip Limited as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Trip.comInternational online travel agency with significant market presence→Yatra OnlineCompeting OTA platform in Indian travel services→Global Business Travel GroupCorporate and leisure travel booking services→Booking.comGlobal online travel booking platform→

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Industry context

MakeMyTrip Limited operates in Online Travel Agency / Travel Services. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does MakeMyTrip Limited do?+
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...
What is MakeMyTrip Limited's Cyborg Score?+
MakeMyTrip Limited has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are MakeMyTrip Limited's main competitors?+
Named competitors include Trip.com, Yatra Online, Global Business Travel Group, Booking.com. The full competitive landscape is in the AskCyborg report.
How can I get the full MakeMyTrip Limited research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the MakeMyTrip Limited research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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