TBO Tek Sets Up New Subsidiary In Poland

SUMMARY

Tek Travels DMCC set up a wholly-owned subsidiary in Poland named TBO Tek Spółka z ograniczoną odpowiedzialnością

The objective of this subsidiary is to provide business support services to Tek Travels DMCC, including marketing and promotional activities in Poland

In FY25, it expanded its global footprint to over 15 new markets, including Canary Island, Australia, Indonesia and Greece, among others

Listed B2B travel startup TBO Tek’s subsidiary Tek Travels DMCC has set up a wholly-owned subsidiary in Poland named TBO Tek Spółka z ograniczoną odpowiedzialnością.

In an exchange filing, the company said, the objective of setting up this subsidiary is to provide business support services to Tek Travels DMCC, including marketing and promotional activities in Poland.

TBO Tek Poland was incorporated on July 10 with an authorised and issued capital of 100 shares at 50 PLN (Polish Złoty) each.

However, the company confirmed that the newly-launched entity is yet to commence business operations.

As of 01:14 PM, shares of TBO Tek were up 0.93% at INR 1,355.60 apiece on the BSE, compared to its previous close of INR 1,343.10 per share on Thursday (July 10).

Market capitalisation of the company stood at INR 14,720.16 Cr (around $1.72 Bn).

Founded in 2006 by Gaurav Bhatnagar and Ankush Nijhawan, TBO Tek provides a global travel distribution platform that connects travel businesses like hotels, airlines, car rentals, among others, with travel agencies, tour operators, and online travel companies.

The company’s platform enables suppliers to showcase their inventory and set prices, while buyers can access an integrated, multi-currency, and multilingual solution to discover and book travel.

The development comes at a time when the traveltech company has been touring internationally, to set up new subsidiaries, to aid its expansion ambitions and strengthen its footprint globally.

In FY25, it expanded its global footprint to over 15 new markets, where it set up new subsidiaries in countries including Canary Island, Australia, Indonesia and Greece, among others.

It is to note that, TBO Tek acquired Island Hopper in 2019 to expand into Indian Ocean Islands and Gemini Tours and Travels in 2022 to expand into the Maldives.

The company connects around 1.89 Lakh buyers across more than 150 countries with over 1 Mn Suppliers.

On the financial front, the B2B travel tech company’s net profit surged 27% to INR 58.9 Cr in Q4 FY25 from INR 46.4 Cr in the year-ago period. Additionally, operating revenue rose 21% to INR 446.1 Cr during the quarter under review from INR 369.1 Cr in Q4 FY24.

TBO Tek made its public market debut back in May 2024. Its shares listed at INR 1,380 on the BSE, a premium of 55% to the issue price. Since listing, the stock has lost about 1.8%.