NSEGeneral Updates28 Jun 2026 · 28 Jun 2026, 11:24 pm
General Updates
TBO Tek Limited · TBOTEK
✦ AI Summary▲ PositiveExpansion
TBO Tek Limited has released an investor presentation highlighting its growth opportunities in the travel distribution industry, driven by the increasing demand for travel services, particularly among older and affluent travelers. The company's platform addresses the needs of both suppliers and buyers, providing a seamless experience for travelers. The presentation also showcases the company's growth milestones, including the acquisition of Affirma and Naspers' stake in TBO.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Please find enclosed the Investor Presentation.
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9810411243_28062026232325_SEInvestorPres28062026.pdf
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June 28, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1
Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E)
Mumbai - 400 001, Maharashtra, India Mumbai - 400 051, Maharashtra, India
Scrip Code: 544174 Symbol: TBOTEK
Sub:
TBO Tek Limited
CIN: L74999DL2006PLC155233
✉️ info@tbo.com | +91 124 4998999
Registered Office Address: Unit No. 501, 5th Floor, Worldmark-4, Asset Area No. LP-IB-04, Gateway District, Aerocity,
Near Indira Gandhi International Airport, New Delhi – 110037
Corporate Office Address:Plot No. 728, Udyog Vihar Phase- V Gurgaon-122016 Haryana, India
Your booking experience starts at www.tbo.com
Investor Presentation
Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’)
Dear Sir/ Ma’am,
Pursuant to Regulation 30 of the Listing Regulations, please find enclosed herewith the Investor
Presentation.
This disclosure will also be available on Company's website at
https://www.tbo.com/engagement/investors/#StockExchangeSubmission
Kindly take the same on record.
Thanking you,
Yours faithfully
For and on behalf of TBO Tek Limited
Neera Chandak
Company Secretary & Compliance Officer
Encl.: As above
TBO.com: Travel Simplified
Investor Presentation
Disclaimer
This presentation may contain statements which reflect Management’s current
views and estimates and could be construed as forward-looking statements. The
future involves risks and uncertainties that could cause actual results to differ
materially from the current views being expressed. These risks and uncertainties
include but are not limited to our growth and expansion plans, our ability to obtain
regulatory approvals, technological changes, fluctuation in earnings, foreign
exchange rates, our ability to manage international operations, our exposure to
market risks as well as other risks.
The Big opportunity
The world is getting older and more prosperous
Fertility 2.1 1.6 <1.5*
Rates1 Between the years 2000-2005 Last Five Years (2018-2022) By 2050
66.8-68.5 72.46-73.16 >78.1*
Lifespans2
Between the years 2000-2005 Last Five Years (2018-2022) By 2050
0.554 0.669 0.800*
Income3
2005 Last Five Years (2018-2022) By 2050
Annual Work 1800-2200 1600-2000 1500-1700*
Hours4 2005 2022 By 2050
Sources:
1: World Bank Data. 2: Data.who 3: Measured as Human Development Index (HDI): UNDP 4: CLOCKIFY. *: Estimated
The Big opportunity
Big Shift in Demographics
The Developed World The Developing World
Older and Very Prosperous Young, reaching higher income thresholds
The Big opportunity
Outbound Travel : New Megatrend
1 More and more people will travel
outside of their countries
2 Assisted travel will be a very large
opportunity
3 Longer trips with multiple services stitched
together.
For Older, affluent travelers: expertise, comfort,
convenience, and novelty.
The luxury-hospitality market is large, and growing faster
Global spending on luxury leisure hospitality, by wealth segment, $ Billion
CAGR
Ultra High Net Worth
Very High Net Worth
High Net Worth
Others
2023 2028P
Source: McKinsey & Company - The state of tourism and hospitality 2024
Travel Distribution Industry Landscape
High Complexity of travel needs
Retail Buyers
Tour Travel Agents
Platform led Distribution
Operators and Advisors
Traditionally served by Regional Aggregators
Economy Luxury
Enterprise Buyers
Loyalty
OTAs
API Distribution Programs
Brand
Traditionally served by Bed Banks
Direct
Low Complexity of travel needs
Top Global 2-sided B2B Travel Distribution Platform
Suppliers Retail Selling Buyers
Direct APIs or through
Platform
supply aggregators
Retail Buyers
Hotels
Travel Agencies
Airlines Independent Travel
Advisors T
Retail Selling Platform
Car Rentals a
Integration API for Enterprise
Customers
Transfers l
Payments Infrastructure
Enterprise Buyers r
Cruises
Customer Service Tour Operators
XML,
Marketing Services JSON APIs Travel Management
Insurance & Others Companies
Loyalty Online Travel Agencies
Rail
Super apps, Loyalty Apps
Connects travel buyers across the world serving end travelers with globally distributed travel suppliers to seamlessly create
joyful experiences for all travelers
Among Top 4 B2B Travel distribution platforms globally
We address key needs of suppliers & buyers
Discovery Trust Payments Service
Real-time access Supplier Transact in
24x7, multi-lingual
to global travel onboarding is respective local
pre- and post-
inventory of curated by TBO currencies
booking support
over 1 Million+ with strict SLAs
hotels & 750+ Payments
Platform supports
Airlines. Assure service accepted in 88
16 languages
Matching to Buyer delivery to the currencies
preferences traveler
Marketing channel Guarantee
targeting global payment to
Buyer base Supplier
All numbers are as reported in 2024-25 Annual Report
Our platform is core to retail buyers and suppliers
The buyer onboarding process has 3 key steps…
Marketing Driven Sales Driven Platform Driven
Account
Lead generation Nurturing
onboarding Registered Travel Agent Base2
Inbound: Website registrations Seamless KYC1 with country specific Data led nurturingbysales
through web search, referrals, identity validation effectiveness team till first 10 bookings
travel trade shows (e.g.- ATM,
SATTE, ITB,etc.)
Our technology enables quick access to new supply
Airlines Hotels Ancillary (Rentals, Transfers) Cruise & Rail
Channel
GDS managers Direct
connectivity Direct
Direct connectivity
connectivity
Airlines hosted
platforms Third Party
Third party
New Distribution
Capabilities Extranet Extranet
1. Know your customer; 2. As reported in 2024-25 Annual Report
Our Journey through the years… Organic and Inorganic
Growth
Affirma acquired
Naspers’ Stake in TBO
TBO Naspers Acquired $1Bn GTV Milestone Acquired TBO goes Public and
Incorporated Stake in TBO Bookabed AG lists on NSE and BSE
2011 2015 2019 2023 2025
2006 2012 2018 2022 2024
Commenced International Commenced First Acquisition – $10Mn GTV in one day Acquired Classic
Operations in UAE Operations in Brazil Island Hopper Milestone Vacations
General Atlantic
acquired stake in TBO
Acquired Jumbonline
S.L.U.
TBO’s Global Footprint
Europe
256%
North
America 18% APAC 9%
3% 73%
Latin
America
XX% YoY growth rate Regional share of Hotels & Ancillaries segment GTV for Q4’FY26.
GTV is calculated basis source market (i.e. location of the booking agent)
Strong quarter, demonstrating structural resilience against geopolitical
headwinds
Transacting buyers GTV Revenue Gross Profit Adj. EBITDA
(Monthly)
Reported 32,751 10,079 Cr. 814 Cr. 494 Cr. 111 Cr.
(TBO Organic + CV)
Up 15% YoY Up 29% YoY Up 83% YoY Up 59% YoY Up 40% YoY
TBO Organic 30,063 9,038 Cr. 542 Cr. 355 Cr. 83 Cr.
Up 6% YoY Up 16% YoY Up 21% YoY Up 14% YoY Up 5% YoY
Our dynamic founding team is backed by an experienced board…
Ravindra Dhariwal Ankush Nijhawan Gaurav Bhatnagar Akshat Verma
Chairman and Independent Co-founder, Joint Managing Co-founder, Joint Managing Chief Technology Officer &
Director Director Director Whole-time Director
Prior : Pepsico Prior: Nijhawan Group Prior : Microsoft Prior : MakeMyTrip
Bhaskar Pramanik Rahul Bhatnagar Anuranjita Kumar Shantanu Rastogi
Independent Director Independent Director Independent Director Non-Executive Director
Prior : Microsoft Prior : Pepsico Prior : Royal Bank of Scotland Prior : APAX Partners
…and is supported by a deeply experienced team
Gerardo Del Rio Melissa Krueger Akshat Verma Nishant Misra Peter Palli
President – International CEO – Classic Vacations Chief Technology Officer Chief Product Officer Chief Supply Officer
Prior: Hotelbeds, Dida Travel Prior: Travel Impressions Prior: MakeMyTrip Prior: Deutsche Bank Prior: Hilton, IHG
Education: BBA Mexico Education: California State University Education: IIT Delhi, IIT Education: IIT Kanpur
Kharagpur
Aarish Khan Aditi Madhok KA Hamid Pramendra Tomar
Vikas Jain
Chief Commercial Officer, Chief Human Resourc
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