TBO Tek Appoints Aditi Madhok-Naarden as Global Chief Human Resources Officer

2 min read     Updated on 23 Feb 2026, 06:45 PM
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Overview

TBO Tek Limited has appointed Ms. Aditi Madhok-Naarden as Global Chief Human Resources Officer through its UAE subsidiary, effective February 23, 2026. She brings over two decades of international HR leadership experience from organizations including Lloyds Banking Group, MasterCard, Deutsche Bank, and IBM. Ms. Aditi holds an MSc from London School of Economics and has been recognized for change management excellence. She will lead TBO's global people strategy as the company continues expanding across 100+ countries with its B2B travel technology platform.

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TBO Tek Limited has strengthened its leadership team with the appointment of Ms. Aditi Madhok-Naarden as Global Chief Human Resources Officer, effective February 23, 2026. The appointment was made through the company's material subsidiary, Tek Travels DMCC, UAE, as TBO continues to accelerate its global expansion strategy.

Leadership Appointment Details

Parameter: Details
Position: Global Chief Human Resources Officer
Effective Date: February 23, 2026
Appointing Entity: Tek Travels DMCC, UAE
Reporting Structure: Material Subsidiary of TBO Tek Limited

Professional Background and Experience

Ms. Aditi brings over two decades of international HR leadership experience spanning multiple sectors including technology, financial services, food & beverages, and FMCG. Her extensive career includes senior people leadership roles at globally recognized organizations such as Lloyds Banking Group, Tate & Lyle, The Body Shop International, MasterCard, Deutsche Bank, Prudential, IBM, and Infosys.

Throughout her career, she has demonstrated expertise in:

  • Leading large-scale transformation programmes
  • Driving equity, diversity and inclusion agendas
  • Building world-class people organizations across Asia Pacific, Europe, the Middle East & Africa, and the Americas

Educational Qualifications and Recognition

Ms. Aditi holds strong academic credentials and professional recognition:

Qualification/Recognition: Details
Education: MSc in Human Resource Management, London School of Economics and Political Science
Scholarship: British Chevening Scholar
Professional Role: Trained coach & mentor
Awards: Change Management award by 'Human Resources' magazine
Recognition: Finalist for 'Best Workplace Culture & Engagement' at HRM Awards
Speaking Engagements: Frequent speaker at major international HR forums

Leadership Vision and Strategic Focus

Commenting on the appointment, Co-Founders and Joint Managing Directors Mr. Ankush Nijhawan and Mr. Gaurav Bhatnagar emphasized the strategic importance of this hire during TBO's growth phase. They highlighted Ms. Aditi's international experience, passion for building inclusive cultures, and expertise in talent development as key factors aligning with the company's global ambitions.

Ms. Aditi expressed enthusiasm about joining TBO during this pivotal moment, citing the company's technology-first approach and remarkable reach across 100+ countries as creating extraordinary opportunities for impact. She emphasized her commitment to building a people organization where every individual feels valued and empowered to perform their best work.

About TBO Tek Limited

TBO Tek Limited operates as the world's leading B2B travel technology platform, connecting over 159,000 travel buyers with millions of travel suppliers across more than 100 countries. Founded in 2006 and headquartered in Gurgaon, India, the company offers a comprehensive suite of travel products powered by proprietary AI/ML technology and employs approximately 2,700 people across six continents.

Historical Stock Returns for TBO Tek

1 Day5 Days1 Month6 Months1 Year5 Years
-1.49%-11.99%-11.68%-8.84%-9.72%-4.84%

TBO Tek Limited Reports Strong Q3FY26 Results with Revenue Up 86% YoY to ₹784 Cr

2 min read     Updated on 05 Feb 2026, 11:43 AM
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Overview

TBO Tek Limited delivered robust Q3FY26 performance with revenue growing 86% YoY to ₹784 Cr, supported by Classic Vacations integration and strong growth across Europe, APAC, and MEA markets. The company has now made available the audio/video recording of its February 11, 2026 earnings conference call on its website, complying with SEBI regulatory requirements.

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TBO Tek Limited has announced robust financial results for Q3FY26, reporting significant growth across key metrics driven by the integration of Classic Vacations and broad-based expansion across international markets. The company released its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Financial Performance Highlights

The company delivered strong performance across all major financial parameters during Q3FY26. The integration of Classic Vacations contributed meaningfully to the overall scale and performance metrics.

Metric: Q3 FY26 Q3 FY25 YoY Growth
Revenue from Operations: ₹784 Cr ₹422 Cr +86%
GTV: ₹9,709 Cr ₹7,166 Cr +35%
Gross Profit: ₹483 Cr ₹297 Cr +63%
Adjusted EBITDA: ₹115 Cr ₹75 Cr +53%
PAT: ₹54 Cr ₹50 Cr +7.4%
Profit Before Tax: ₹71.4 Cr - +34% YoY

Business Performance and Growth Drivers

The quarter witnessed broad-based growth across Europe, APAC, MEA and India markets. Monthly Transacting Buyers reached 33,324, representing a 16% YoY increase, with the international business showing particularly strong momentum with a 49.1% YoY growth.

Business Segment: Performance
Hotels + Ancillaries: +46% YoY growth
Airlines Segment: +19.7% YoY growth
Europe, APAC, MEA Markets: Over 30% YoY growth each
Enterprise GTV to Adj. EBITDA Conversion: Improved to 1.18% from 1.05%
Classic Vacations GTV to EBITDA: 2.46% conversion rate

Management Commentary

Mr. Gaurav Bhatnagar, Co-founder and Joint MD, highlighted the significance of Classic Vacations integration, stating that the consolidation meaningfully expands the platform's scale and provides critical mass in the US market. He emphasized the continued strong performance of key markets including Europe, MEA and APAC.

Mr. Ankush Nijhawan, Co-founder and Joint MD, noted the broad-based growth characterizing the quarter, with India business returning to solid double-digit growth trajectory driven by airlines business expansion. The combination of domestic strength and broader platform performance enabled the company to deliver adjusted EBITDA of ₹115 Cr, up 53% YoY.

Earnings Conference Call Recording Available

Following the announcement of Q3FY26 results, TBO Tek Limited has made available the audio/video recording of its earnings conference call held on February 11, 2026. The recording, which discusses the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, is now hosted on the company's website at www.tbo.com .

Conference Call Details: Information
Date: February 11, 2026
Recording Type: Audio/Video
Availability: Company website ( www.tbo.com )
Regulatory Compliance: Regulation 30 of SEBI LODR

Financial Position and Regulatory Compliance

Despite acquisition-related cash outflows of approximately ₹979 Cr during the quarter, the company maintained a strong financial position with cash and cash equivalents of ₹1,492 Cr. This includes bank balances and liquid investments, augmented by significant negative working capital from Classic Vacations.

The results announcement and conference call recording availability were communicated pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Neera Chandak signed the regulatory filing, with the information also made available on the company's website at www.tbo.com .

Historical Stock Returns for TBO Tek

1 Day5 Days1 Month6 Months1 Year5 Years
-1.49%-11.99%-11.68%-8.84%-9.72%-4.84%

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1 Year Returns:-9.72%