Makemytrip Mauritius Stock Price, News & Analysis

MakeMyTrip Limited (NASDAQ: MMYT) is an online travel company focused on serving travelers in India and those traveling to and from India. According to company disclosures, it owns and operates well-recognized online travel brands, including MakeMyTrip, Goibibo and redBus. Through its primary websites and mobile platforms, travelers can research, plan and book a wide range of travel services and products within India and overseas.

The company describes itself as India’s leading online travel company and travel service provider. Its platforms support travel planning and booking across multiple categories, reflecting a business model built around digital travel distribution and related services. MakeMyTrip’s ordinary shares trade on the NASDAQ stock market under the ticker symbol MMYT, and the company files reports with the U.S. Securities and Exchange Commission as a foreign private issuer.

Business model and core services

MakeMyTrip states that its services and products include air ticketing, hotel and alternative accommodations bookings, holiday planning and packaging, bus ticketing, rail ticketing, car hire, and activities and experiences. In addition, it facilitates ancillary travel requirements such as access to third-party travel insurance, foreign exchange (forex) services and visa processing.

Earlier descriptions of the company’s operations note that it reports operating segments for air ticketing, hotels and packages, bus ticketing and others. The hotels and packages segment has been described as including internet-based platforms, call centers and branch offices that provide holiday packages and hotel reservations. The air ticketing segment includes internet-based platforms that provide the facility to book domestic and international air tickets. Based on prior segment disclosures, the hotels and packages segment has historically contributed the largest share of revenue.

Digital platforms and brands

MakeMyTrip’s travel services are delivered primarily through its branded websites and mobile applications. The company highlights three principal brands: MakeMyTrip, Goibibo and redBus. Through these brands and their associated online platforms, users can search for travel options, compare choices and complete bookings across multiple modes of transport and accommodation types.

The company indicates that travelers can use these platforms to handle the full journey from research and discovery through booking and post-booking support. This includes planning holidays, arranging point-to-point travel such as flights, rail and buses, and securing accommodations and local transportation such as taxis or car hire.

Travel supply and partner access

According to its public statements, MakeMyTrip provides customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India. It also refers to offering a comprehensive set of domestic accommodation properties in India and a wide selection of properties outside of India.

Beyond air travel and lodging, the company states that it offers tickets for Indian Railways and bus services operated through all major Indian bus operators. This breadth of supply across airlines, rail and bus operators, together with hotel and alternative accommodation inventory, positions the company as a multi-category online travel platform focused on the Indian travel market and routes connected to it.

Geographic focus

MakeMyTrip’s disclosures emphasize India as its primary market. The company notes that it provides travelers in India with the ability to research, plan and book travel within the country as well as overseas. Earlier descriptions also indicate that it derives a majority of its revenue from India, while having a presence in the United States, South East Asia, Europe and other countries.

In its own “About” statements, the company highlights a vision to serve travelers and partners and references a long operating history in the Indian online travel space. It also notes a large base of lifetime transacted users accumulated over its multi-decade journey, underscoring the scale of its customer relationships, although specific user figures are time-sensitive and therefore not repeated here.

Capital markets and financing activity

MakeMyTrip is an SEC-reporting company and periodically undertakes capital markets transactions. Public announcements describe offerings of ordinary shares in underwritten registered public offerings and offerings of 0.00% convertible senior notes due 2030 to qualified institutional buyers under Rule 144A. The company has also disclosed that it entered into a share repurchase agreement with Trip.com Group Limited and completed the repurchase and cancellation of a substantial number of Class B shares from Trip.com pursuant to an amended and restated share repurchase agreement.

In addition, MakeMyTrip has issued 0.00% Convertible Senior Notes due 2028 and has communicated to noteholders their rights to require the company to repurchase those notes on specified dates, in line with the terms of the applicable indenture. These activities illustrate the company’s use of both equity and convertible debt instruments as part of its financing strategy.

Corporate structure and governance

MakeMyTrip Limited is incorporated in Mauritius, as indicated in its SEC filings. The company’s principal executive office is located in Gurugram, India. It files annual reports on Form 20-F and current reports on Form 6-K with the SEC, covering matters such as earnings releases, annual shareholder meetings, leadership changes, financing transactions and share repurchases.

Following the completion of the repurchase of Class B shares from Trip.com, the company has disclosed changes in its total shares outstanding, Trip.com’s ownership percentage and the composition of its board of directors. The board includes management directors, independent directors (including Mauritius-resident directors) and directors nominated by Trip.com, reflecting governance arrangements set out in investor rights agreements and the terms of the Class B shares.

Regulatory reporting and investor communications

MakeMyTrip regularly announces its unaudited financial results for each quarter of its fiscal year via earnings releases furnished on Form 6-K. These releases cover financial and operating results for quarters such as the first and second quarters of fiscal 2026. The company also issues notices and related materials for its annual meeting of shareholders, including audited consolidated and separate financial statements for the fiscal year, which are made available to shareholders and filed as exhibits to Form 6-K reports.

In addition to financial reporting, the company uses press releases and SEC filings to communicate key corporate events, including leadership changes, capital markets transactions and share repurchases. These disclosures provide investors with ongoing information about the company’s operations, governance and capital structure.

Position within the travel and information sector

Within the broader information sector and the category of online travel, MakeMyTrip positions itself as a travel group and travel service provider built around online brands and digital platforms. Its activities span air, rail and bus transportation, accommodations, holiday packages and related ancillary services, with a focus on serving travelers in India and on routes linked to India.

According to its own descriptions, the company’s long operating history, multi-brand portfolio and broad service coverage across travel categories underpin its role in the Indian online travel ecosystem. Its combination of travel booking services and ancillary offerings such as third-party insurance, forex and visa facilitation reflects an effort to address multiple aspects of the travel journey through a single set of online channels.