IRCTC poised to be one-stop shop for all travel related services: A K Manocha

By Sanjay Jog  www.business-standard.com

The Indian Railway Catering and Tourism Corporation (IRCTC), a subsidiary & public sector enterprise under ministry of railways, has already taken a slew of initiatives to grow from an online portal for train ticketing to become a one stop shop for all travel related services.
In an interview with Sanjay Jog, its chairman and managing director A K Manocha, unveils the company’s growth strategy.

Where would you place IRCTC in the intensely competitive e-commerce business?

IRCTC provides a full range of hospitality, travel , tourism and catering services to rail passengers. The company has now moved on to become the leader in e- commerce  in India and records for more than one-third of the total e-commerce in the country providing more than 4 million tickets in a month.
IRCTC started with booking of 29 tickets on internet portal in a day and now it has achieved booking of over 1.45 million tickets in a day. The total internet bookings have increased from 6.8 million tickets in 2006-07 to 193 million tickets (amounting to Rs 20,621 crore) in 2015-16. About 59% reserved tickets on Indian Railways are now being booked on line.

The benefits from e-commerce site resulted in increased profits, increased revenues, reduced costs and inefficiencies for the company. More info

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