TBO Tek Limited , a prominent player in the travel technology sector, has announced a significant change in its senior management. Ankush Arora, the company's Chief Human Resource Officer and a key member of the Senior Management team, has submitted his resignation.

Resignation Details

Arora tendered his resignation on September 17, 2025, citing personal reasons for his decision to step down from his role. The exact date of his last working day with TBO Tek is yet to be determined and will be communicated at a later time.

Corporate Governance and Transparency

In line with regulatory requirements and commitment to transparency, TBO Tek Limited has promptly notified the major stock exchanges about this change in senior management.

Impact on TBO Tek

The departure of a senior executive, especially one heading the human resources function, can have significant implications for a company. TBO Tek will likely be focusing on ensuring a smooth transition and maintaining continuity in its HR operations.

As of now, TBO Tek has not announced a successor for Arora's position. The company's next steps in filling this crucial role will be of interest to stakeholders and industry observers alike.

Investors and market analysts will be watching closely to see how TBO Tek manages this transition and any potential impact on the company's operations and strategic direction in the coming months.

TBO Tek Ltd. , a leading B2B travel distribution platform, has made a significant move to strengthen its foothold in the North American luxury travel market. The company announced the acquisition of Classic Vacations, a nearly 50-year-old luxury travel company, for $125.00 million.

Strategic Expansion into Mature Market

The acquisition provides TBO Tek with a faster entry into the mature and competitive North American travel market, leveraging established synergies. Co-Founder Ankush Nijhawan emphasized the company's intention to integrate Classic Vacations' expertise in luxury travel globally into TBO's core business.

Financial Implications

The deal is expected to be marginally dilutive initially from an EBITDA perspective but accretive at the GMV-to-EBITDA level. Classic Vacations generated over $11.00 million in EBITDA in the trailing 12 months, representing an acquisition multiple of slightly over 11 times EBITDA.

Future Growth Strategy

TBO Tek plans to focus its expansion efforts on Europe, North America, and eventually the Asia Pacific region. The company considers its India and Middle East markets mature. No immediate acquisitions are planned as the company focuses on integrating Classic Vacations into its operations.

Market Response

The market responded positively to the news, with TBO Tek shares closing up 1.63% at ₹1,580.00 on the day of the announcement.

Company Overview

TBO Tek Limited, with its registered office in New Delhi and corporate office in Gurgaon, operates as one of the top four global B2B travel distributors. The company's platform connects travel buyers worldwide with globally distributed travel suppliers, facilitating seamless travel experiences.

Recent Developments

According to the latest investor presentation, TBO Tek has been expanding its global footprint:

• The company operates in 140 source markets
• Processes over 16 million hotel searches (B2A)
• Sells to more than 30,000 destinations
• Serves over 50,000 transacting agents

TBO Tek's growth strategy includes diversifying revenue lines, expanding its platform user base globally, pursuing value-accretive acquisitions, and deploying AI and high-tech innovations for efficiency.

The acquisition of Classic Vacations aligns with TBO Tek's strategic vectors, particularly in expanding into new geographies and growing its buyer segments in the premium outbound travel space, which the company estimates to be a $912.00 billion global market.

As TBO Tek integrates Classic Vacations, the company aims to leverage its modular and scalable proprietary technology platform to enhance its offerings in the luxury travel segment, potentially leading to increased market share and revenue growth in the North American market.