Easy Trip Planners Limited (ETPL) has successfully incorporated a wholly owned subsidiary named “EASEMYTRIP ACADEMY PRIVATE LIMITED” on February 17, 2026. The new entity, focused on the Educational Industry, will serve as a new revenue vertical for upskilling and professional training. The entire initial share capital of ₹1 Crore was subscribed to in cash by ETPL.
Formation of New Subsidiary for Education Sector
Easy Trip Planners Limited (ETPL) officially announced the incorporation of its new, wholly owned subsidiary company, “EASEMYTRIP ACADEMY PRIVATE LIMITED”. This incorporation was finalized on February 17, 2026.
Details of the New Entity
The primary objective of the new company is to add a new revenue vertical centered on upskilling, professional, and vocational training for the group. The subsidiary has been classified under the Educational Industry.
Key financial structure details of the new entity include:
- Authorized and Subscribed Capital: Rs. 1,00,00,000/- (Rupees One Crore only).
- Turnover: Not applicable as it is a newly incorporated entity.
- Share Acquisition: ETPL acquired 100% shareholding.
Consideration and Stakeholder Interest
The consideration paid for the 100% subscription to the share capital was entirely in cash, totaling Rs. 1,00,00,000/-. This investment was structured through the subscription of 10,00,000 equity shares at a cost of Rs. 10/- each.
Regarding related party transactions, the announcement confirms that ETPL promoters, Mr. Nishant Pitti & Mr. Rikant Pittie, serve as directors in the subsidiary company. The transaction is stated to have been conducted at an “arm’s length” basis, excluding the stated directorial interest.
Company Background
The subsidiary was incorporated under the provisions of the Companies Act, 2013. Its registered office is located in Gurugram, Haryana. As a newly established entity, its 3 Year Turnover is listed as N.A.
Source: BSE
