Ibibo Group Founder and MakeMyTrip President Ashish Kashyap resigns

Ibibo Group Founder and MakeMyTrip President Ashish Kashyap resigns

Ibibo group CEO and co-founder Ashish Kashyap has resigned from his position as President of MakeMyTrip Ltd. The Gurugram-based online travel company’s Group CEO Deep Kalra has accepted his resignation, which will come into effect from September 30, 2017. The resignation comes just a few months after the completion of the MakeMyTrip-Ibibo merger deal.

Ibibo Group has entered into a separation agreement with Ashish Kashyap. This agreement provides among other things, final settlement of dues and benefits. According to the official statement, Kashyap has agreed to a non-compete and non-solicitation obligation for a period of two years ending on September 30, 2019.

For the neophytes in legal issues, a Non-Solicitation clause restricts individuals and organisations from soliciting (a) employees, (b) customers, or (c) business opportunities from another company or organisation for a period of time. There has been no announcement yet on Kashyap’s successor in MakeMyTrip as well as his plans ahead.

“Ashish Kashyap has made immense contribution in bringing the MakeMyTrip-Ibibo deal to fruition and setting a strong foundation for the future success of the combined group. At this juncture, I respect his passion for creating and nurturing new and innovative ideas and we wish him the best for the future,” said Deep Kalra in an official statement.

About author

TnH Global
TnH Global 3877 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Destinations

GTA roadshow strengthens the United States as number 1 long-haul destination for the China source market

The United States has become the no. 1 long-haul destination for GTA China with over 60% year-on-year growth   20 US partners visited China to showcase their properties and destinations to

Slider

India’s first Tourism Mart will boost the travel industry: Travel Unravel

Travel Unravel Holidays Private Limited, welcomes the launch of India Tourism Mart (IMT) 2018, slated to be inaugurated by Prime Minister Shri Narendra Modi, on September 17, at Vigyan Bhawan,

Slider

India takes lead to run freight train from Dhaka to Istanbul

Codenamed the ITI-DKD-Y corridor, the container train’s route is scheduled as Dhaka-Kolkata-Delhi-Islamabad-Tehran-Istanbul. Taking a leaf from China’s run to Europe, India is going to showcase its might in freight movement

0 Comments

No Comments Yet!

You can be first to comment this post!