New Delhi, 12th January 2024: RateGain Travel Technologies Limited, a global provider of SaaS solutions for travel and hospitality, today announced the appointment of Gomti Shankar as its new Commercial Leader for its Asia and Africa region to drive synergies across all of RateGain’s diverse product lines and consolidate its position in the region.
With a rich career spanning over 25 years, Gomti is recognized as an accomplished business leader, known for her expertise in Business Development, Enterprise Sales, Product Management, and Strategic Partnerships, especially in the fast-evolving sectors of Digital and Data Monetization.
Gomti’s career is marked by her ability to successfully lead large teams and operate effectively by forging strategic partnerships, establishing new categories, crafting winning product propositions, and developing new revenue streams.
Before joining RateGain, Gomti held key positions in globally renowned companies such as Sony, Motorola, Philips, Vodafone, Netflix, and Taboola. This diverse experience has endowed her with a comprehensive understanding of global markets across Asia, Europe, and Latin America, making her an invaluable asset to our team as we expand our footprint in the APMEA region.
“We are excited to welcome Gomti to our team,” said Bhanu Chopra, Founder and Managing Director of RateGain. “Gomti brings a unique blend of visionary leadership and proven expertise to our team. Her exceptional track record in driving growth and innovation makes her the ideal leader to steer our commercial efforts in the APMEA region. We are confident that her forward-thinking approach will be a major catalyst in our journey towards achieving new heights.”
Gomti’s appointment is a testament to RateGain’s commitment to bringing on board leaders with diverse experiences and global perspectives. Her role will be pivotal in driving the company’s growth and expanding its presence in the APMEA market.
Commenting on RateGain, Gomti Shankar said, “I am thrilled to join RateGain and lead our growth for the Asia and Africa region. My focus will be on leveraging technology and media to drive innovative and sustainable growth. I look forward to creating transformative outcomes for our clients and our company.”
RateGain continues to witness robust revenue growth of 88.4% YoY to INR 2,347.2 Mn and significant improvement in operating margins to 19.8% for Q2FY24, up from 14.1% in the same period last year: on the back of operating leverage playing out as the company continues scale-up with a focus on sustainable growth across verticals. The company’s Profit after Tax grew by 131.7% to INR 300.4 Mn in Q2FY24 as compared to INR 129.6 Mn in the same period last year.
About RateGain
RateGain Travel Technologies Limited is a global provider of SaaS solutions for travel and hospitality that works with 3100+ customers and 700+ partners in 100+ countries helping them accelerate revenue generation through acquisition, retention, and wallet share expansion.
RateGain today is one of the world’s largest processors of electronic transactions, price points, and travel intent data helping revenue management, distribution and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises and ferries drive better outcomes for their business. Founded in 2004 and headquartered in India, today RateGain works with Top 23 of 30 Hotel Chains, Top 25 of 30 Online Travel Agents and all the top car rentals including 8 Global Fortune 500 companies in unlocking new revenue every day. For more information, please visit www.rategain.com.
Forward-Looking Statements
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential, and target dates for project-related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
Media Contact
Ankit Chaturvedi
ankit.chaturvedi@rategain.com
Global Head-Marketing
