RateGain Transcripts 14th AGM Held Sept 24, 2026
RateGain's 14th AGM transcript reveals FY25-26 operating revenue grew 69.4% to ₹1,823.6 crore post-Sojern acquisition. Adjusted EBITDA rose 54.4% to ₹358.3 crore. The company aims for $1 billion revenue, focusing on platform monetization and deleveraging debt from the $280 million Sojern acquisition.
The announcement details the financial performance following a significant acquisition, strategic direction, and future growth targets. This information is material for investors and stakeholders.
The company reported strong revenue growth, successful integration of a major acquisition (Sojern), and a clear future strategy with ambitious revenue targets. Despite a reported profit dip due to acquisition-related costs, the adjusted figures and free cash flow generation indicate a healthy underlying business.
RateGain Travel Technologies Limited has released the transcript of its Fourteenth (14th) Annual General Meeting (AGM) held on September 24, 2026, through Video Conferencing/Other Audio Visual Means. The transcript is available on the company's website in the Investors' Section.
During the AGM, Chairman and Managing Director, Mr. Bhanu Chopra, highlighted that FY25-26 was a year of significant transformation for RateGain, marked by the acquisition of Sojern for USD280 million. This acquisition has created the largest travel intent data platform in the industry, integrating Sojern with Adara. The company reported strong financial performance for FY25-26, with operating revenue growing 69.4% to ₹1,823.6 crore, adjusted EBITDA growing 54.4% to ₹358.3 crore, and adjusted profit after tax growing 19.6% to ₹249.9 crore. The acquisition's financial impact, including amortization and interest expenses, led to a reported profit after tax decline of 7% to ₹194.4 crore, though the adjusted figures show robust growth.
Mr. Chopra also noted that the company is AI-first and has seen product validation with offerings like UNO, VIVA, Agentic ARI, and RateIQ. The company now serves over 14,000 customers across 160 countries. Looking ahead, RateGain aims to reach USD1 billion in revenue and is focused on monetizing the combined platform, maintaining AI at the center of product development, and financial discipline.
The Deputy Chief Financial Officer, Mr. Ankit Aggarwal, provided detailed financial performance for FY25-26 and Q1 FY27. He elaborated on the balance sheet changes due to the Sojern acquisition, including a net debt of ₹722.3 crore as of March 31, 2026. However, strong free cash flow generation of ₹230 crore in FY26 has enabled deleveraging. By June 30, 2026, net debt reduced to ₹615.4 crore, with a target to return to a net cash position within 30 months.
The AGM also addressed the adoption of financial statements, the appointment of Ms. Megha Chopra as a Director, and the reappointment of Mr. Bhanu Chopra as Chairman and Managing Director. Additionally, the reappointment of Mr. Ganesh Venkat Ramanan Kangeyam and Ms. Aditi Gupta as Independent Directors was proposed.
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Rategain Travel Technologies Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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