Digital Labs Private Limited (ADL), a subsidiary of Adani Enterprises, has recently completed the acquisition of a 29.81% stake in Enterprises Private Limited (SEPL), popularly known as Trainman, an innovative online train booking and information platform. The official announcement regarding this strategic acquisition was filed with the exchange on July 7. This move follows Adani Enterprises' previous declaration of its intention to obtain full ownership of SEPL.
This significant step was disclosed in an announcement made by the company last month, indicating their ambitious growth plans in the sector. SEPL has proven its remarkable performance and potential for further expansion with a turnover of Rs. 4.51 crore in the fiscal year 2022-2023.
Its impressive financial results solidify its position as a leader in the online train booking industry. Trainman has earned the esteemed status of an authorized ticketing partner by the Indian Railway Catering and Tourism Corporation (IRCTC). The platform offers a comprehensive suite of services designed to enhance the overall train booking experience for its customers.
Notable features include real-time seat availability information, live train status updates, and various other user-friendly functionalities. This strategic acquisition by Adani Digital Labs is expected to strengthen their presence in the online travel sector, specifically within the train booking domain. With Trainman's established reputation and valuable resources, Adani aims to leverage its expertise to enhance and expand the platform's offerings, catering to the growing demands of train travelers across India.Here is how you can book your train ticket using Trainman:
Download the Trainman app from the Google. Read more on economictimes.indiatimes.com