Yatra Appoints Anuj Kumar Sethi As Interim CFO

SUMMARY

The new interim CFO took over the C-suite office today (April 11) and will continue to hold the position till Yatra finds a new group CFO

Prior to this, Sethi was serving as the company's principal financial officer and principal accounting officer

The prior CFO Rohan Mittal departed from the organisation after about a three-year stint with the company

Online travel aggregator (OTA) Yatra

has appointed Anuj Kumar Sethi as the company’s interim CFO. The appointment comes almost a month after its former group CFO Rohan Mittal resigned from the company.

In an exchange filing today, Yatra said that Mittal’s last working day was April 10.

The new interim CFO took over the C-suite office today and will continue to hold the position till Yatra finds a new group CFO. Prior to this, Sethi was serving as the company’s principal financial officer and principal accounting officer.

Yatra said that Sethi has been working with the company for more than a decade, while also serving as the CFO for Yatra previously. While much isn’t known about his professional history, the OTA disclosed that he was associated with Airfreight Ltd in his earlier stint.

The prior CFO Mittal departed from the organisation after about a three-year stint with the company. As per his LinkedIn profile, he helmed the company’s India IPO in September 2023 as well as facilitated a private funding round for Yatra in late-2022. Before his tenure at Yatra, he served as the CFO of logistics unicorn Rivigo

“After careful consideration, I have made the decision to resign from the post of Group CFO at the company. This decision is a personal one as I wish to explore new opportunities,” his resignation letter dated March 10 read.

The shake up in Yatra’s top deck comes in the run up to its disclosure for Q4 FY25. In Q3 FY25, it reported a consolidated profit after tax (PAT) of INR 10 Cr as against a PAT of INR 1.05 Cr in the year-ago quarter.

The healthy uptick in came as operating revenue zoomed 113% year-on-year (YoY) to INR 235.25 Cr. Sequentially, operating revenue fell by a marginal 0.4% from INR 236.40 Cr.

Its gross air bookings in the quarter stood at INR 1,382.8 Cr, down 14% from INR 1,609.6 Cr in the year-ago quarter. The company saw a 40% increase in corporate customer base during the quarter.

Founded in 2006 by Dhruv Shringi, Manish Amin and Sabina Chopra, Yatra offers information, pricing, availability, and booking facilities for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in-city activities, inter-city and point-to-point cabs, homestays and cruises.

Unlike its competitors EaseMyTrip, ixigo and MakeMyTrip, which focus on B2C customers, Yatra targets B2E and B2B2C customers.

Shares of Yatra ended today’s trading session 0.49% lower at INR 78.58 on the BSE.