Travel Solutions Company Crosses 85,000 Yatri Milestone Under Punjab Scheme; Share Price Jumps 5%
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The company has facilitated travel for over 85,000 Yatris under Cluster 2 of the Mukh Mantri Teerth Yatra Scheme, against a total contract obligation of approximately 1,85,000 Yatris under a deal valued at over Rs 92 crore.
✨ Key Takeaways
On Wednesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index gaining 0.58 per cent to 24,191.10. Amid the broader market strength, shares of Mach Travel Solutions Limited traded at Rs 142.60, up 5.63 per cent from the previous close, after the company announced that it had successfully facilitated the travel of over 85,000 Yatris under the Government of Punjab's Mukh Mantri Teerth Yatra Scheme as of July 14, 2026.
Milestone Under Mukh Mantri Teerth Yatra Scheme
Mach Travel Solutions Limited, formerly known as Mach Conferences and Events Limited, said the milestone was achieved through its ongoing execution of Cluster 2 of the project. Under this cluster, the company is responsible for end-to-end management of Yatri movements from its allocated districts, including transportation, accommodation, meals, destination management and on-ground coordination.
The company has been awarded a contract to facilitate the travel of approximately 1,85,000 Yatris during the tenure of the project, of which more than 85,000 Yatris have now completed their pilgrimage.
Contract Valued at Over Rs 92 Crore
The contract is valued at more than Rs 92 crore. As part of its daily operations, the company manages travel arrangements for around 3,000 Yatris, coordinates approximately 75 to 76 buses and facilitates the departure of nearly 1,000 Yatris every day.
According to the company, the project operates throughout the week, including weekends, requiring continuous operational planning and coordination to execute the government-sponsored pilgrimage programme.
Management Commentary
Commenting on the achievement, Amit Bhatia, Chairman and Managing Director of Mach Travel Solutions Limited, said crossing the milestone of over 85,000 Yatris is a significant achievement for the company. He added that executing the project on a daily basis reflects the commitment and operational capabilities of the company's teams.
Bhatia further said the company remains focused on expanding its presence across Corporate Travel, MICE, B2B, Leisure, and Government and Institutional Projects while progressing towards the launch of its B2C Online Travel Agency platform.
About Mach Travel Solutions Limited
Mach Travel Solutions Limited, formerly known as Mach Conferences and Events Limited, is a technology-enabled travel solutions company incorporated in 2004. The company offers end-to-end travel services across Corporate Travel, MICE, B2B, Leisure, and Government and Institutional Projects and is developing a B2C Online Travel Agency platform.
It has offices across Noida, New Delhi, Kolkata, Mumbai, Bengaluru, Bhubaneswar and Ahmedabad and is accredited by several domestic and international travel industry associations, including IATA, GBTA, PATA and IATO.
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Disclaimer: The article is for informational purposes only and not investment advice.