MakeMyTrip (MMT) is considering a listing of MakeMyTrip India in the country as part of its long-term growth objectives.
The India-based online travel agency (OTA), which listed on the Nasdaq in 2010, recently completed an internal restructure bringing brands operating in India under a single entity.
The OTA said a potential listing could unlock additional capital for growth.
“The company believes that an India listing can be a catalyst to further boost the MakeMyTrip brand in its core market, strengthen its leadership in India and support longer-term growth,” it said.
MMT recently announced its acquisition of India-based tour operator Flamingo Transworld. The acquisition will complement the OTA’s packages business.
The company is also a minority investor in a $36 million series C round for visa processing company Atlys. MMT’s travelers will benefit from smoother visa application processing through the partnership while the OTA will cross-sell its travel offerings to Atlys’ outbound travelers.
MMT reported an 11% increase in revenue to $296 million in the fiscal third quarter of 2026. The OTA’s operating profit reached almost $51 million.
Gross bookings increased nearly 12% year over year, while adjusted net profit totaled $51 million, a $6.5 million year-over-year increase.