The digital transformation era of the Indian travel industry was catapulted by the Digital India project, which dawned on a cashless economy and easier transactions. Additionally, travel booking platforms compete to offer frequent discounts and offers on reservations due to the increasing competition among them, which draws tourists and vacationers year-round. One of the pioneers of online travel platforms, MakeMyTrip, which was founded in 2000 by Deep Kalra, has played a crucial role in making the Indian inbound and outbound travel industry what it is today. Deep has one big plan for his business venture—take out the word inconvenience from the traveler's dictionary. His innovative business plan revolutionized how Indians travel and see the globe by making it easier, more convenient, and less complicated. However, the company has navigated its fair share of ebbs and flows.

Early Life and Professional Journey

Born in Hyderabad, Deep completed his undergraduate studies in economics at St. Stephen's College in Delhi and St. Columba's School, where he demonstrated early promise. He studied MBA at the Indian Institute of Management, Ahmedabad (IIM-A) since he had a talent for mathematics and a keen mind. At IIM, his business spirit started to blossom. Deep spent three years working at ABN Amro Bank after earning his MBA. The corporate grind, however, left him wanting more. He tried to make a name for himself by bringing AMF Bowling to India and hoping to start a ten-pin bowling frenzy. Regretfully, the endeavor failed since Indian audiences didn't connect with it. Deep was compelled by this failure to rejoin the business sector, where he refined his marketing and sales abilities at GE Capital. But the desire to produce something significant was burning inside of him.

The Birth of MakeMyTrip

The internet exploded in the late 1990s, and sites like Google and Yahoo! transformed the digital world where Deep, motivated by the potential. He had an idea for a platform that would make organizing trips easier. He started MakeMyTrip in 2000 with $2 million from eVentures and co-founders Keyur Joshi, Rajesh Magow, and Sachin Bhatia. By providing consumers with an open, affordable, and dependable method of trip planning, the platform sought to end the dominance of traditional travel agencies. But Deep's path was not without its challenges. Two days after MakeMyTrip's debut, the notorious dot-com boom crashed, erasing all of its funding. Due to the company's dire financial situation, Deep was forced to cut the pay of his executives and staff in half. Deep viewed the catastrophe as a chance to rebuild and persevere.

The Moment of Change

With the introduction of online ticket buying by the Indian Railways Catering and Tourism Corporation (IRCTC), MakeMyTrip's fortunes started to shift. MakeMyTrip received the necessary boost as a result of this strategic alignment. When Deep added domestic travel to the platform's offerings, they received an overwhelmingly positive response. By 2008, the platform had more than two million users and was making $5 million in revenue. A business that was once on the verge of going out of business has now emerged as a major player in the travel sector.

By becoming the first Indian travel agency to list on the NASDAQ in 2010, MakeMyTrip accomplished a significant milestone that solidified its standing as a major player in the world market.

 

This accomplishment not only improved the company's standing but also served as motivation for many aspiring business owners. Under Deep's inspiring direction, MakeMyTrip saw rapid growth. It was recognized with awards, including the World Travel Awards' "Best Travel Portal India" in 2013 and 2014, and it was listed as a Great Place to Work for four years in a row.

Deep Kalra: The Man Beyond Business

Deep's journey demonstrates his fortitude, modesty, and dedication to helping others. As a founding trustee of Ashoka University and through projects like I Am Gurgaon, he has made significant contributions to society outside of MakeMyTrip. In addition to changing the travel industry, his success has elevated him to the status of an inspiration for future business owners. He continues to influence India's digital destiny as the Chair of its Internet Working Group and a member of NASSCOM's Executive Council.

Net worth

With a market worth of more than $ 2.84 billion, MakeMyTrip is a powerful company that assists millions of people in organizing their ideal trips. Nevertheless, no such data is accessible. In 2020, Deep's estimated net worth will be $136 million. Everyone who wants to leave their mark on the world may relate to his motto, ‘Tough times teach you the most.’

The story of Deep Kalra serves as evidence that success is more about overcoming setbacks than it is about avoiding them. His tale is about turning obstacles into opportunities, not just about creating a profitable company. From AMF Bowling's demise to MakeMyTrip's success, his career is a testament to tenacity and creativity.