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TBO is a global platform that aims to simplify all buying and selling travel needs of travel partners across the world. The proprietary technology platform aims to simplify the demands of the complex world of global travel by seamlessly connecting highly distributed travel buyers and travel suppliers at scale.
The TBO journey began in 2006 with a simple goal – to address the evolving needs of travel buyers and suppliers. What started off as a single-product air ticketing company has today become the leading B2A (Business to Agents) travel portal across the Americas, UK & Europe, Africa, Middle East, India, and Asia Pacific.
On Wednesday, British lender Standard Chartered Bank’s private equity arm said it will pick up South African company Naspers’ stake in travel firm TBO for an undisclosed sum to become the majority owner.
TBO Company Highlights:
|Udyog Vihar, Gurgaon, India
Tbo Tek Limited (TTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 06 November 2006 and has a history of 16 years and eight months. Its registered office is in South Delhi, Delhi, India. The corporation was formerly known as Tbo Tek Private Limited. The Company is engaged in the act of travel agents and tour operators in India.
The Company’s status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It’s a company limited by shares with an authorized capital of Rs 20.00 cr and a paid-up capital of Rs 10.42 cr. The corporation currently has active open charges totaling ₹378.36 cr. It has already closed loans amounting to ₹189.10 cr, as per the Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Tbo Tek Limited India are Vikas Jain, serving as the Chief Financial Officer (CFO), and Neera Chandak as Company Secretary. Anuranjita Kumar, Udai Dhawan, Bhaskar Pramanik, and Four other members serve as directors at the Company.
TBO Holidays is the leading global travel distribution platform in the world, connecting more than 100,000 Travel Buyers with over a million Travel Suppliers in over 100 countries. Our technology is focused on connecting all partners in the travel ecosystem, thus enabling them to create seamless and joyful journeys for travelers globally.
TBO Founder and Team
A technology and internet entrepreneur, Gaurav co-founded Travel Boutique Online (TBO) in 2006. TBO is one of India’s largest B2B travel portals, with over 15,000 travel agents using it to sell travel, accommodation, transfers, rail, and other related services.
The team is –
- Ankush Nijhawan Co-Founder & Chief Executive Officer.
- Gaurav Bhatnagar Co-Founder, Chief Technology Officer & Managing Director.
- Tan Hock Soon Business Head, Airlines Travel Retail.
- Sandyp Bhattacharya, Chief People Officer.
TBO Startup Story
TBO’s journey began in 2006 with a simple goal: to meet the changing needs of travel buyers and suppliers. What started as a single-product air ticketing company has grown into one of the leading global travel distribution platforms (Source: PGA Labs’ “Travel and Tourism Industry Report” dated December 21, 2021) across America, the United Kingdom, Europe, Africa, the Middle East, India, and the Asia Pacific. Air, hotels, rail, vacation packages, vehicle rentals, transfers, sightseeing, cruises, and cargo are all available through TBO.
TBO Mission and Vision
The backbone organization aims at cultivating a desire to save the environment in maximum people irrespective of their caste, region, class, and creed. ‘Sustainable environment‘ is their only dream; they promote judicial use of water and other important non-renewable resources. These primary level notes are taught to everyone, but unfortunately, only some think to work over them, so give your share and join this movement against negligence to save Mother Earth.
TBO Name, Tagline, and Logo
The leading global travel distribution platform will now be called tbo.com with a tagline- Travel Simplified.
TBO Business Model
There are no business model details.
TBO Revenue Model
An official statement said Standard Chartered Private Equity (SCPE) will acquire Naspers’ stake in TBO Group, a business-to-business travel distribution company. It said Naspers had acquired the stake in 2012. An August 2017 news report said Naspers owned 52 percent of the company and was seeking an enterprise valuation of Rs 300 crore for TBO.
TBO group has a revenue of $1 billion and employs 650 people of 26 nationalities, including 200 in research and development. SCPE India’s managing director Udai Dhawan said the 2006-founded TBO, which has operations in 90 countries, is profitable and offers a scalable business model. TBO group’s co-founder Ankush Nijhawan said SCPE’s network and business planning expertise will help it strengthen its position as a leading B2B travel distribution player globally.
The total operating income of the group more than tripled to Rs.494.26 crore in FY22 (PY: Rs.145.22 crore) with a total GMV (Gross merchandise value) of Rs.10,105 crore in FY22 (PY: GMV of Rs.3,086 crore) primarily on account of low base in FY21 (due to covid-19). Further, during 9MFY23, the total operating income of the group more than doubled to Rs.761.75 crore (PY: Rs.348.92 crore), supported by inorganic growth through strategic acquisitions and change in product mix as well as the geographic mix. In terms of profitability, the PBILDT margin of the group stood at 7.87% (PY: Net operating loss of Rs.18.01 crore) and 19.00% (PY: 13.48%) in FY22 and 9MFY23, respectively. The improvement in the PBILDT margin was on account of increase in scale alongside an increased contribution from the hotel reservation business.
TBO Products and Services
TBO’s products range from air, hotels, rail, holiday packages, car rentals, transfers, sightseeing, cruise, and cargo. Apart from these products, our proprietary platform relies heavily on AI/ML to offer unique listings and products, meeting specific requirements put forth by customers thus increasing conversions. TBO’s approach has always been technology-first, and we continue to invest in new innovations and new offerings to make travel easy and simple. TBO’s travel APIs are serving large travel ecosystems across the world, while the modular architecture of the platform enables new travel products while expanding across new geographies.
TBO also offers Paxes, a dedicated corporate travel booking platform, and Zamzam.com, a B2C business focused on the burgeoning religious tourism market, giving TBO a totally streamlined travel ecosystem.
TBO Funding and Investors:
There is no data on it.
It has 500-1000 employees working here.
TBO Challenges Faced
Most plan sponsors are not interested in managing three separate benefits administration providers (DB, DC, H&W). Today, there are few total benefits outsourcing administrators (TBO), and many DC and H&W administrators don’t offer support for other benefit services. In this situation, the Company was most focused on replacing their current H&W administrator but also wanted to ensure they had the best providers for DC and DB administration. It is challenging to consider implementing new solutions for all benefits administration, as this is a large project and requires considerable focus and resources.
TBO is still in the acquiring game, having just finished with Bookabed – Ireland’s largest travel distribution platform to help us expand across UK and Europe markets, said Bhatnagar. Depending upon the market needs and our business requirements, we keep evaluating such opportunities from time to time.
TBO will be able to expand its services and offerings by investing in BookaBed. BookaBed AG, established in Switzerland, also serves the Irish and UK travel industries as a B2B lodging provider; by using TBO’s global API business and TBO Academy, which trains and educates travel agents and travel trade partners, BookaBed plans to grow its market share in Ireland and the United Kingdom.
tboholidays.com is a B2A travel portal that allows agents to select a wide range of travel products at unbeatable prices.
Top 5 TBO Holidays competitors
- Emerging Travel Group.
- Agoda Company.
- Sharaf Travel.
TBO Awards and Achievements:
TBO has received numerous awards throughout the years, including the prestigious World Travel Awards for being India’s leading B2B travel platform every year since 2019. TBO+ is a comprehensive rewards program intended particularly for purchasers, in which they may earn reward points for each transaction completed on the TBO platform, which can then be redeemed for a choice of lifestyle and travel products.
TBO Future Plan
B2B travel booking website TBO.com is preparing to launch an initial public offering (IPO) of shares to raise Rs 1,500-2,000 crore and could file its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) as early as this week, according to sources in the know. The travel booking site is an aggregator of airline tickets, hotels, and holiday packages for the travel industry and is used by 60,000 travel agents to book inventory for their customers.
What does TBO do?
SaaS-driven distribution network solution for the travel industry. It connects travel buyers with travel suppliers to offer travel products. It offers travel inventory with travel products, post-booking services, cross-border payments, online sales reports, management tools, mobile apps, and more.
When was TBO founded?
It was founded in 2006.
Who is the founder of TBO Corporation?
Gaurav co-founded Travel Boutique Online (TBO) in 2006.
Who is the CEO of TBO Corporation?
Gaurav is the CEO.
Who are the main competitors of TBO?
Top 5 TBO Holidays competitors
- Emerging Travel Group.
- Agoda Company.
- Sharaf Travel.
Travel Boutique Online is the largest Online travel agency. TBO offers the White label Solutions and B2B, B2A travel agency. TBO is a global platform that aims to simplify all buying and selling travel needs of travel partners across the world. India’s Largest B2B Travel Portal offers the best prices on travel bookings.