In a world where aspirations meet determination, Deep Kalra stands out as a visionary who dared to reshape entire industries. Born in Hyderabad and raised across Ahmedabad and Delhi, Kalra’s journey from a corporate job to building a Rs 23,000 crore holiday booking empire with MakeMyTrip is nothing short of remarkable.
Personal Details
- Name: Deep Kalra
- Age (As of 2024): 53 years
- Year of Birth: 1970
- Place of Birth: Hyderabad, India
- Profession: Entrepreneur
- Designation: Founder and Group CEO of MakeMyTrip
- Spouse: Amrita Kalra
- Children: One son and daughter
The Early Days
Deep Kalra’s quest for knowledge began at St. Stephen’s College, Delhi, where he laid the groundwork for his academic journey. After completing his undergraduate studies, he pursued a Master of Business Administration (MBA) degree from the prestigious Indian Institute of Management, Ahmedabad (IIM Ahmedabad) in 1992. Equipped with a solid educational background, Kalra ventured into the corporate world, working with esteemed companies such as ABN AMRO Bank and GE Capital.
The Entrepreneurial Journey
Despite his successful corporate career, Kalra yearned for more fulfilling pursuits. Driven by a passion for innovation, he took a leap of faith into entrepreneurship. His first venture was the acquisition of AMF Bowling, an American company aiming to introduce 10-pin bowling to India. Though the endeavor faced challenges and did not thrive, this setback ignited his entrepreneurial spirit for future endeavors.
The Rise of MakeMyTrip
Deep Kalra identified a significant gap in the travel industry: inefficiency and disorganization. While many dismissed the idea, Kalra believed fervently in leveraging the internet to transform how people plan their travels. With a clear vision and determination, he founded MakeMyTrip in 2000 alongside Keyur Joshi, Rajesh Magow, and Sachin Bhatia. With an initial funding of $2 million from eVentures, the team set out to revolutionize travel bookings by simplifying the process and offering affordable vacations.
MakeMyTrip quickly emerged as a game-changer in India’s internet travel sector. It prioritized customer empowerment through seamless, transparent, and reliable bookings, supported by cutting-edge technology and 24/7 customer service. By 2005, MakeMyTrip had firmly established itself in the Indian market, setting new standards in customer satisfaction and travel convenience.
Market Recognition and Growth
MakeMyTrip’s disruptive approach and commitment to customer satisfaction propelled its rapid growth and market recognition. As of June 2023, the company boasts a market cap of $2.84 billion (Rs 2,33,15,33,50,000), solidifying its position as a global leader in the travel industry.
Recognition and Achievements
Deep Kalra’s visionary leadership has earned him numerous accolades, recognizing his influence and contributions to the business world. He was ranked number one in KPMG’s most powerful digital influencers in India list in 2011 and has held influential roles such as the Chairperson of the NASSCOM Internet Working Group. MakeMyTrip itself has received prestigious awards, including “Best Travel Portal India” and “E-tailer of the Year,” further highlighting its impact and excellence in the industry.
Legacy and Inspiration
Deep Kalra’s entrepreneurial journey from leaving a stable corporate career to creating a multi-billion-dollar company exemplifies determination and vision. Through MakeMyTrip, he has democratized travel for millions, making it more accessible and convenient. His story serves as an inspiration to aspiring entrepreneurs, showcasing that with perseverance and a clear vision, remarkable success is achievable.
As MakeMyTrip continues to thrive under his leadership, Deep Kalra’s legacy of redefining travel experiences remains a beacon of innovation and excellence in the global business landscape.
