Yatra acquires Air Travel Bureau to expand corporate travel business

Yatra has agreed to acquire all of the outstanding shares of ATB and assume its debt

Leading online travel company Yatra has acquired corporate travel service provider company Air Travel Bureau (ATB) for an undisclosed amount. Yatra said ATB is India’s ‘largest corporate travel services provider’ with gross bookings of Rs 1,500 crore and a client base of 400 companies in the country.

"This acquisition significantly strengthens our position in the large and growing corporate travel market in India. We believe that as a combined entity, we are now the largest corporate travel services platform in India by gross bookings,” said Dhruv Shringi, co-founder and chief executive officer of Nasdaq listed Yatra.

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