Dhruv Shringi, co-founder and Executive Chairman of Yatra, who helped build the travel company from its founding in 2006 through its NASDAQ listing.
Dhruv Shringi co-founded Yatra and led it from startup to Nasdaq listing. Explore his career, Yatra’s growth, financials, leadership transition and strategy.
Written by TFN Research Desk | covering startups, technology, venture capital, and business strategy.
Table of Contents
- Who is Dhruv Shringi?
- Early Life and Education
- Career Before Yatra
- How Yatra Started
- Funding History
- Revenue Growth and Recent Developments
- Public Recognition
- Yatra vs Competitors
- Investor Perspective
- Founder Timeline
- Key Takeaways
- FAQs
- The Take Nobody In The Industry Wants To Say Out Loud
- Sources
- SEO Metadata Block
Who is Dhruv Shringi?
Dhruv Shringi is the Co-founder and Executive Chairman of Yatra Online, one of India’s established online travel companies. He co-founded Yatra in 2006 with Manish Amin and Sabina Chopra and led the company as CEO from its inception until November 2025. Under his leadership, Yatra expanded across leisure and corporate travel and became listed on Nasdaq in 2016 before also listing in India in 2023.
Early Life and Education
Shringi is a qualified Chartered Accountant and holds an MBA from INSEAD. His professional background combines finance, technology, strategy and online travel, giving him experience across several functions that became relevant to building Yatra.
His education and early corporate experience gave him a foundation in both financial management and business strategy. That combination became particularly useful as Yatra moved from a young internet company into a publicly listed travel business.
Career Before Yatra
Before founding Yatra, Shringi worked as Director of Group Operations and Technology at Ebookers Group in London. He previously worked with Ford Motor Company in its business strategy team and spent more than six years with Arthur Andersen in Delhi and London.
His experience at Ebookers was particularly relevant. It gave him direct exposure to online travel at a time when internet-based booking was still developing in India.
How Yatra Started
Yatra was launched in January 2006 by Dhruv Shringi, Manish Amin and Sabina Chopra. The company entered a market where online travel booking was still relatively new, but internet adoption and consumer spending were beginning to create a large opportunity.
At launch, Yatra offered travel information, pricing and booking across airlines, hotels, railways, buses and car rentals. The company was backed by investors including Reliance Capital, Norwest Venture Partners and TV18.
Shringi remained at the centre of the company as it expanded. Yatra grew from a three-member startup into a much larger travel organisation serving both individual consumers and corporate clients.
Funding History
| Round | Year | Amount | Lead Investors |
|---|---|---|---|
| Initial Funding | 2006 | Not publicly disclosed | Reliance Capital, Norwest Venture Partners, TV18 |
| Growth Funding | 2011 | ₹200 crore | Valiant Capital Management, Norwest Venture Partners, Intel Capital |
| Public Listing | 2016 | More than $92.5 million | Public and institutional investors |
Yatra raised ₹200 crore from Valiant Capital Management, Norwest Venture Partners and Intel Capital in 2011 to accelerate sales, marketing, hotels and holidays and strategic acquisitions.
In December 2016, Yatra completed its Nasdaq listing transaction and raised more than $92.5 million in primary capital.
Revenue Growth and Recent Developments
| Fiscal Year | Revenue | Profit/Loss |
|---|---|---|
| FY25 | ₹795.7 crore | ₹2.4 crore profit |
| FY26 | ₹1,007.4 crore | ₹6.6 crore loss |
Yatra reported revenue of approximately ₹795.7 crore for FY25, an 89.9% increase from the previous year. The company moved from a ₹36.7 crore loss in FY24 to a ₹2.4 crore profit in FY25, while adjusted EBITDA reached approximately ₹34.4 crore.
FY26 brought further revenue growth. Revenue reached approximately ₹1,007.4 crore, up 26.6% year on year, while the company reported a loss of approximately ₹6.6 crore. Adjusted EBITDA increased 64.2% to approximately ₹56.4 crore.
A major strategic shift came in November 2025, when Shringi moved from CEO to Executive Chairman and Siddhartha Gupta became CEO. Shringi’s new role focuses on long-term vision, global expansion, innovation and shareholder value.
Public Recognition
Shringi was named among Fortune magazine’s Top 40 CEOs in India in 2011. He has also held leadership roles with industry organisations, including IAMAI and FICCI’s travel and technology committees.
His career has largely been associated with the growth of India’s online travel industry and the development of corporate travel as an important part of Yatra’s business.
Yatra vs Competitors
| Company | Founded | Positioning |
|---|---|---|
| Yatra | 2006 | Corporate and online travel |
| MakeMyTrip | 2000 | Full-service online travel |
| EaseMyTrip | 2008 | Online travel and transparent pricing |
| ixigo | 2007 | Travel booking and transport |
Yatra’s strongest positioning is its corporate travel business alongside its consumer travel platform. MakeMyTrip has greater overall scale, while EaseMyTrip and ixigo compete strongly across specific travel categories.
Yatra has increasingly leaned into corporate travel, MICE, hotels and packages rather than relying only on consumer air-ticket bookings.
Investor Perspective
Shringi’s strongest advantage is experience. He has led Yatra from its launch through multiple phases of the online travel industry’s development, including the company’s Nasdaq listing and its expansion into corporate travel.
The company’s FY26 numbers show that there is still growth available, particularly in corporate travel, MICE and hotels and packages. Yatra reported gross bookings of approximately ₹8,053.6 crore in FY26, while adjusted EBITDA rose significantly.
The concern is profitability. Revenue crossed ₹1,000 crore, but Yatra still reported a small annual loss. That means scale has not automatically translated into strong bottom-line economics.
Shringi’s move to Executive Chairman may therefore be well timed. His experience can remain focused on long-term strategy while a new CEO handles day-to-day execution. The next test is whether Yatra can turn its growing corporate and MICE business into consistently stronger profitability.
Founder Timeline
- 2006: Co-founds Yatra with Manish Amin and Sabina Chopra.
- 2006: Yatra launches its online travel services in India.
- 2011: Yatra raises ₹200 crore in growth funding.
- 2016: Yatra completes its Nasdaq listing.
- 2023: Yatra lists on the NSE and BSE.
- 2024: Yatra acquires Globe All India Services to strengthen corporate travel and MICE.
- 2025: Yatra reports ₹795.7 crore revenue for FY25.
- November 2025: Shringi transitions from CEO to Executive Chairman.
- 2026: Yatra reports ₹1,007.4 crore revenue for FY26.
Key Takeaways
- Dhruv Shringi co-founded Yatra in 2006 with Manish Amin and Sabina Chopra.
- He led Yatra as CEO from its inception until November 2025.
- He guided the company through its Nasdaq listing in 2016.
- Yatra crossed ₹1,000 crore in annual revenue in FY26.
- Shringi currently serves as Executive Chairman while Siddhartha Gupta is CEO.
FAQs
Who founded Yatra?
Dhruv Shringi, Manish Amin and Sabina Chopra co-founded Yatra in 2006.
What is Dhruv Shringi’s current role?
He is the Co-founder and Executive Chairman of Yatra Online.
When did Dhruv Shringi stop being CEO?
He transitioned from CEO to Executive Chairman in November 2025.
Who is Yatra’s current CEO?
Siddhartha Gupta became CEO in November 2025.
Where did Dhruv Shringi study?
He holds an MBA from INSEAD and is a qualified Chartered Accountant.
What did Dhruv Shringi do before Yatra?
He worked at Ebookers Group, Ford Motor Company and Arthur Andersen.
When did Yatra go public?
Yatra listed on Nasdaq in December 2016 and later listed on the NSE and BSE in 2023.
Is Yatra profitable?
Yatra reported a small profit in FY25 but a loss of approximately ₹6.6 crore in FY26.
What is Dhruv Shringi’s net worth?
His current personal net worth is not publicly disclosed.
What makes Yatra different from competitors?
Its strong corporate travel and MICE businesses distinguish it from consumer-focused online travel platforms.
Sources
- Yatra, Official Leadership Team
Yatra Leadership Team - Yatra, Leadership Transition, November 2025
Yatra Strengthens Leadership for Next Phase of Growth - Yatra, Launch and Initial Funding, 2006
Yatra Launch and Initial Funding Announcement - Yatra, ₹200 Crore Funding Round, 2011
Yatra ₹200 Crore Funding Announcement - Yatra, Nasdaq Listing, 2016
Yatra Nasdaq Listing Announcement - Yatra, FY25 Financial Results
Yatra FY25 Results - Yatra, FY26 Financial Results
Yatra FY26 Results - Yatra, Official Financial Information
Yatra Investor Relations and Financial Information
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