RateGain appoints Harmeet Singh as the new Chief Executive Officer
RateGain , the #1 SaaS company for travel and hospitality, today appointed Mr. Harmeet Singh as its new Chief Executive Officer with a focus on driving growth and expansion for RateGain and its portfolio companies through in-organic and organic initiatives.
Prior to RateGain, Harmeet was an Executive Partner at MDP Telecom, Media and Technology group identifying and evaluating potential investments in the cloud and IT services industry. Formerly, Harmeet was a President, Cloud Services at j2 Global, Inc. and scaled the SaaS portfolio to $600M in revenues, $300M in EBITDA and 1,100+ employees in less than six years pursuing both an organic and inorganic strategy. Over the course of his career, Harmeet has participated in over 100 M&A transactions focused in the technology, media and telecom sector.
Following Harmeet's appointment, Bhanu Chopra, Founder & CEO of RateGain, is being elevated to Founder & Chairman and will focus on executing his vision of making RateGain the most valuable travel and hospitality technology company in the world. RateGain's leadership team comprising experienced professionals, will now work directly with Harmeet to deliver on RateGain's growth targets.
Bhanu Chopra said, "I am excited to welcome Harmeet as we set on the journey of further scaling our business and product lines to dominate new markets. His experience in global M & A will be an asset to the company as we build out a complete suite of digital products to solve the pain-points in travel and hospitality. We have grown four times in the last two years, and to further build on our success, I plan to focus sharply on disruptive product strategy while supporting Harmeet in identifying new opportunities of growth and scaling our current business."
Harmeet Singh said, "It is an honour and a privilege to lead RateGain, which has been at the forefront of driving transformational change in revenue management, distribution and guest experience across the largest travel and hospitality enterprises across the world. I look forward to working with Bhanu and the RateGain family to rapidly grow our business and expand our leadership position."
He further added, "The travel and hospitality industry in the last ten years has undergone massive transformation creating new business models that have generated billions of dollars in revenue, helping with employment and powering economic growth across the world. As per a recent McKinsey study, hospitality ranks 19 out of 22 in the least digitized industries and we at RateGain have a fantastic opportunity to be the digital transformation partners for forward looking enterprises helping create frictionless guest experiences".
Harmeet's appointment reflects the maturity of RateGain's succession planning and practice of nurturing leadership in the technology industry. Harmeet will continue to be based in the USA, closer to RateGain's clients and key technology partners further strengthening the execution of our strategy.
About RateGain
RateGain Travel Technologies Limited is a global provider of SaaS solutions for travel and hospitality that works with 3100+ customers and 700+ partners in 100+ countries, helping them accelerate revenue generation through acquisition, retention, and wallet share expansion.*
RateGain today is one of the world's largest processors of online hotel transactions. RateGain is also world's largest aggregators and processors of travel pricing data for the hospitality and travel industry and has one of the world's most comprehensive travel intent data. Founded in 2004 and headquartered in India, today RateGain works with the Top 23 of 30 Hotel Chains, the Top 25 of 30 Online Travel Agents, and all the top car rentals, including 8 Global Fortune 500 companies, in unlocking new revenue every day.* For more information, please visit www.rategain.com.
*
As of September 30, 2023.
Forward-Looking Statements
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential, and target dates for project-related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
Ankit Chaturvedi
AVP-Marketing
+91 9654502760
