TBO Tek Ltd. Company History and Annual Growth Details

Our Company was incorporated as ‘Tek Travels Private Limited on November 6, 2006, at New Delhi as a private limited company under the Companies Act, 1956. The name of our Company was changed to ‘TBO Tek Private Limited’, and a fresh certificate of incorporation was issued by the RoC on October 22, 2021. Our Company was subsequently converted into a public limited company and the name of our Company was changed to ‘TBO Tek Limited’ and a fresh certificate of incorporation dated November 3, 2021 was issued by RoC.

Major events and milestones:

2006

Incorporation of our Company

2007

Our Company issued its first ticket on the portal

2011

Our Company incorporated its subsidiary, Tek Travels DMCC

2012

MIH India Holdings Limited (Naspers) acquired stake in our Company

2014

Tek Travels DMCC signed an agreement with Amadeus IT Group for Middle East with respect to technology solutions

2015

Our indirect subsidiary TBO Brasil was incorporated

2017

Our Company crossed a milestone of 10,000 monthly transacting buyers.

2018

-Our Company achieved a milestone of ? 67,000 million (~ USD 1.05 billion) annual business GTV

-Standard Chartered Private Equity (SCPE) acquired the stake of MIH India Holdings Limited in our Company

2019

-Our Company had acquired the business websites www.islandhopper.in and the domain www.res.clickitbookit.travel from Orange Tourism Solutions Private Limited.

2020

-Our Company incorporated its subsidiary, TBO Cargo

2021

-Our Company had acquired travel business including intellectual property, goodwill, insurance policies etc. from Gemini Tours and Travels

-Our indirect subsidiary, TBO LLC was incorporated in USA

-Launch of Zamzam, an online portal for completing the full process of Umrah booking

-Launch of Paxes, a software-as-a-solution based platform for corporates and TMCs to manage business travel globally

-TBO Academy signed a co-marketing agreement with Saudi tourism authority

-Our Company launched RailEurope and TBO Marine business

2022

-Our Company launched DMC brand Kizan in Saudi Arabia to focus on Saudi Arabia as a travel destination

2023

-Our Material Subsidiary acquired BookaBed AG

-Our Company achieved a milestone of ? 223,235.62 million (~USD 2.73 billion) GTV

-General Atlantic acquired a minority stake in our Company

-Tek Travels DMCC acquired Jumbonline Accommodations & Services S.L.U.

2025

-TBO Tek Limited has completes acquisition of Classic Vacations, LLC, USA

-TBO Tek Limited launched the TravelBytes - a news app for travel agents

-TBO Tek Ltd., has collaborated a strategic collaboration with Amadeus South Asia to bring its cutting-edge Travel Marketplace to the region.