RateGain Appoints New CFO and CTO, Strengthening Leadership for AI-Driven Future

RateGain appoints Rohan Mittal as CFO, elevates Deepak Kapoor as CTO

Mittal has over 18 years of experience in financial leadership, business transformation and strategic planning, while Kapoor has played an instrumental role in the development of AI-based SaaS products and cloud-native data.RateGain Travel Technologies Ltd, an AI-powered SaaS solutions provider for the travel and hospitality industry, has named Rohan Mittal, a former group chief financial officer at Yatra Online Inc, as its new chief financial officer. The company also elevated Deepak Kapoor as its chief technology officer. Mittal has over 18 years of experience in financial leadership, business transformation and strategic planning. He has also held key leadership positions at AllCargo Logistics (AllCargo). "His expertise in mergers and acquisitions, fundraising and financial controllership will be invaluable to RateGain as the company continues to expand its global presence and drive innovation using AI for its customers," the company said in a statement. "Rohan's ability to drive growth across businesses and a deeper understanding of turning strategy into action will be key for driving growth at RateGain as we get ready to deepen our commitment for an AI-led future," said Bhanu Chopra, founder and managing director of RateGain. Mittal will succeed Tanmaya Das, who will be with RateGain till June 30 to help with a smooth transition, the statement said. "His (Das') steady leadership and deep financial acumen were instrumental in positioning RateGain as a financially strong and resilient organisation. As he steps away to take a well-deserved career break, the entire RateGain family wishes him the very best for the next chapter," said Chopra. RateGain also elevated Deepak Kapoor as chief technology officer. "Kapoor has played an instrumental role in the development of AI-based SaaS products and cloud-native data and application platforms for RateGain," the company said.

RateGain Ropes In Rohan Mittal As CFO, Elevates Deepak Kapoor To CTO

In an exchange filing, RateGain said that Mittal will succeed Tanmaya Das. Besides, the company has also elevated its executive vice president of technology, Deepak Kapoor, to the position of chief technology officer (CTO). Last month, Mittal resigned from his position as the CFO at Yatra to pursue new opportunities. He joined Yatra in 2022. Prior to that he worked as the CFO of Mahindra-owned logistics services provider Rivigo and supply chain management company AllcargoGATI. Mittal had also worked with PwC India and ICICI Bank. RateGain founder and managing director Bhanu Chopra said, "Rohan's ability to drive growth across businesses and a deeper understanding of turning strategy into action will be key for driving growth at RateGain as we get ready to deepen our commitment for an AI-led future. I welcome him to the team and wish him the best of luck." In his new role, Mittal will help in driving RateGain's mergers and acquisitions and fundraising plans as the company looks to expand its global presence and leverage AI for its customers. Kapoor's promotion also comes at a time when RateGain is aiming to become an AI-first company. As per the company, his leadership played an important role in "the development of AI-based SaaS products and cloud-native data and application platforms for RateGain." Kapoor joined RateGain in 2019. Founded by Chopra in 2004, RateGain provides AI-based SaaS solutions to travel and hospitality businesses by assisting them in accelerating their revenue. through acquisition, retention, and wallet share expansion. The startup claims to cater to more than 3,200 customers and has a presence in over 100 countries. On the financial front, RateGain's consolidated net profit surged 40% to INR 56.54 Cr in the third quarter of FY25 from INR 40.42 Cr in the year-ago quarter. Besides, its revenue from operations jumped nearly 11% to INR 278.70 Cr in the quarter under review from INR 252 Cr in the same quarter last year.