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E Trav Tech ₹102 ▲ 0.0% 1M
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E Trav Tech Unlisted Shares

Travel Technology B2B travel booking platform

E Trav Tech Limited runs a B2B travel technology platform for travel agents, offering air tickets, hotels, holiday packages, visas and bus bookings. The company is based in Gujarat and operates from Mumbai.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹102 ▲ 0.00% in 1 month
Key facts

E Trav Tech share details

Lot size
500 shares
Min. investment
₹51,000
Face value
₹2
Implied market cap
₹1,185 Cr
Shares outstanding
116,135,263
Founded
1995
Headquarters
Rajkot, Gujarat
ISIN
INE0NQH01022
CIN
U63000GJ1995PLC027714
Lock-in after IPO
6 months
Price history

E Trav Tech share price chart

1Y change
+0.00%
High
₹102
Low
₹102

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About E Trav Tech

E Trav Tech Limited (Etrav) is a business-to-business travel technology company. It does not sell mainly to the traveller. It sells to travel agents, distributors and companies that build their own travel websites. Its services cover air tickets, hotel bookings, holiday packages, visa services, travel insurance, car rentals and bus tickets, along with flight, hotel and bus APIs and white-label solutions. According to a 2024 media release filed by EaseMyTrip with BSE and NSE, Etrav served over 30,000 travel agents, 600 distributors and 700 API and white-label clients. The same release says the primary source of its revenue is air ticket sales, and describes the company as bootstrapped, profitable and debt-free at that time. It also says Etrav acquired Eagle Crest DMC of the UAE, with subsidiaries in Thailand, Bali and Vietnam, to widen its business abroad. The company was incorporated in 1995 and its registered office is in Rajkot, Gujarat, while it operates from Mumbai. Henil Ruparelia is the Managing Director. In April 2024, EaseMyTrip announced a cash investment for a 4.94% stake (post allotment) in the company, which it described as a minority interest to strengthen its B2B segment. E Trav Tech is an unlisted public company. It has not filed a DRHP with SEBI as per our records, so there is no IPO date or price band. Its financial statements were not available to us in a primary document, so this page shows no revenue or profit figures. Unlisted shares of a company like this are traded off-market between private parties. The price shown on this page is indicative at ₹102 per share, with a lot size of 500 shares, and is not an exchange price. IPO Guru is not a SEBI-registered research analyst and this is not investment advice.

Strengths

  • Wide agent network: the company said it served over 30,000 travel agents, 600 distributors and 700 API and white-label clients in a 2024 media release.
  • Listed strategic investor: EaseMyTrip, a company listed on NSE and BSE, bought a 4.94% stake (post allotment) in April 2024 in a cash deal, which gives it a link to a large online travel player.
  • Broad product range: air, hotel, holiday, visa, insurance, car rental and bus services, along with APIs and white-label solutions, let one agent buy many products from one platform.
  • Reported as profitable and debt-free: the 2024 media release described Etrav as a bootstrapped, profitable company with zero debt.
  • Overseas expansion: the company acquired Eagle Crest DMC of the UAE, with subsidiaries in Thailand, Bali and Vietnam, adding destination services outside India.

Risks

  • Dependence on air tickets: the 2024 media release says the primary revenue stream is air ticket sales, so airline pricing and commission changes can hit the business hard.
  • No financials reviewed: we could not read audited financial statements in a primary document, so revenue growth, margins and cash flow are not verified here.
  • Thin disclosure: the company is unlisted and has not filed a DRHP as per our records, so public information is limited compared with a listed company.
  • Acquisition risk: the purchase of Eagle Crest DMC and its subsidiaries in Thailand, Bali and Vietnam can bring integration, currency and overseas regulatory risks.
  • Competition in B2B travel: the company competes with other travel platforms, including large online players, for agents and API clients.
  • Off-market pricing: unlisted share prices such as ₹102 per share are indicative, can move without notice and may not be easy to sell, with a lot size of 500 shares.
Leadership

Management team

Henil Ruparelia
Managing Director
Leads Etrav Tech Limited and, as per the 2024 media release, its revenue growth since FY 2021-22.
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Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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