Corporate travel on an upswing in India

India's growth story is translating into 'significant' corporate travel demand, with MakeMyTrip crossing $1 billion in gross corporate bookings in 2025, co-founder and group CEO Rajesh Magow told ET.

Magow said gross bookings across the company's corporate platforms, Quest2Travel, MyBiz, and Happay crossed $1 billion during calendar year 2025, marking a 'significant' milestone in the company's expanding corporate travel footprint. He said enterprise spends among its client base, that spans over 40 lakh corporate employees, are growing by 10% year on year. "A significant share of corporate travel spends in India remain in the unorganised segment, and that tells us the opportunity ahead is substantial," he added.

Corporate travel now contributes over 10% of the company's overall gross bookings, Magow said. The company works with 500 large enterprises including 150 of the top BSE 500 listed companies and 75,000 SMEs via its Quest2Travel and MyBiz travel solutions platforms.


Magow said adoption has been 'strong' across industries such as banking, automotive, oil & gas, pharmaceuticals, telecom, FMCG, insurance, IT services, and cement.

"Our corporate travel business is relatively much younger to our B2C business but has scaled up quite rapidly in a short span of about five years," said Magow.

"It has been a technology-led proposition, factoring in supply strength across flights, hotels, ground transport and ancillary services. This combination gave us faster adoption in the market and enabled us to address the nuanced requirements of enterprises at scale," he added.

He said AI is already embedded across its solutions. "As the company moves forward, AI will not just enhance features, it will meaningfully elevate the experience, intelligence and value we deliver to corporate clients."

Last week, MakeMyTrip announced a tie-up with OpenAI to "deepen" AI-led travel discovery. The company had said it will use OpenAI's application programming interfaces (APIs), backed by its proprietary travel data, to power new AI features in its app. Magow said looking ahead, the company is working to expand more services like forex and visa support for corporate international travellers.

As per a Deloitte report, the corporate travel market in India is projected to grow at 10.1% CAGR and double to $20.8 billion by financial year 2030. The overall travel market in India is set to reach $ 97 billion at 9% CAGR as per Deloitte.

Magow said the company's corporate services have been adapted to varied requirements, including onboarding company-owned taxi fleets and guest houses and integration with over 100 HRMS (human resource management system) platforms.

He said the company adopted 'differentiated' market strategies to expand the client base across large enterprises as well as the SME segment. "For enterprises, it is about simplifying the process via automation, easy management of policies, and helping travellers' self-book while offering more options. For SMEs, we have been able to help them save costs via automation, connecting them to the best deals, helping them control and manage travel budgets," he added.