MakeMyTrip has announced the resignation of Ashish Kashyap, Co-Founder and President with effect from September 30, 2017.
The MakeMyTrip Board has accepted the resignation and MakeMyTrip and Ibibo Group have entered into a separation agreement with Kashyap. This agreement provides for, among other things, final settlement of dues and benefits to Kashyap and certain obligations on Kashyap including non-solicitation and non-compete obligations which shall continue until September 30, 2019.
Deep Kalra, Group Chairman and Group CEO, MakeMyTrip said, “Ashish has made immense contributions in bringing the MakeMyTrip-ibibo deal to fruition and setting a strong foundation for the future success of the combined group. At this juncture, I respect his passion for creating and nurturing new and innovative ideas and we wish him the best for the future.”
Ashish Kashyap said, “The last ten years have been a fantastic journey and I feel privileged to have played a part in the creation and rapid growth of several leading technology brands in India. The merger with MakeMyTrip this year is one of my proudest moments, and I look forward to seeing their continued success. At the same time, I am extremely excited to be spending more of my time creating new opportunities.”