RateGain Acquires New CFO Rohan Mittal Amidst Strategic Moves
Company - People | May 06, 2025 | EIN
Rohan Mittal has been appointed as the new CFO of RateGain following his departure from Yatra, succeeding Tanmaya Das. Mittal's expertise is expected to play a pivotal role in driving RateGain's growth strategies, particularly in mergers, acquisitions, and fundraising for global expansion and AI integration. Simultaneously, Deepak Kapoor has been promoted to CTO to lead the company's transformation into an AI-first enterprise. RateGain, founded in 2004, specializes in AI-driven SaaS solutions tailored for the travel and hospitality sectors, claiming a clientele exceeding 3,200 customers across more than 100 countries. The company reported a notable 40% increase in net profit to INR 56.54 Cr in the third quarter of FY25.
Sectors
- Software as a Service (SaaS)
- Travel and Hospitality
- Technology
Geography
- India – RateGain, an Indian company, has made these executive changes and financial announcements.
- Global – With a presence in over 100 countries, RateGain's operations and growth strategies have global implications.
Industry
- Software as a Service (SaaS) – RateGain operates within the SaaS industry, offering AI-based solutions to drive revenue for travel and hospitality businesses.
- Travel and Hospitality – RateGain focuses on providing AI-driven solutions to support businesses in the travel and hospitality sector.
- Technology – The emphasis on AI and cloud-native platforms positions RateGain within the broader technology sector.
Financials
- INR 56.54 Cr – Consolidated net profit of RateGain for the third quarter of FY25, a 40% increase from the previous year.
- INR 278.70 Cr – RateGain's revenue from operations for the third quarter of FY25, up nearly 11% from last year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RateGain | Target Company | Company | A travel-focused SaaS company providing AI-based solutions. |
| Rohan Mittal | New CFO of RateGain | Person | Recently appointed as CFO of RateGain after previously serving as CFO at Yatra. |
| Deepak Kapoor | New CTO of RateGain | Person | Elevated from EVP of Technology to CTO at RateGain. |
| Tanmaya Das | Former CFO | Person | Predecessor to Rohan Mittal as CFO of RateGain. |
| Yatra | Former Employer of Rohan Mittal | Company | A company where Rohan Mittal previously held the CFO position. |