E Trav Tech Limited
₹102▲0.00%(102.00)
About the company
E-Trav primarily operates as a B2B travel wholesaler and consolidator rather than a conventional consumer-facing travel portal.
The company connects travel suppliers with a large network of travel agents by aggregating travel inventory and making it available through its technology platform.
Its ecosystem includes:
Flight booking and airline inventory
Hotel bookings
Holiday packages
Destination management services
Travel APIs and XML integrations
White-label travel solutions
Visa assistance
Travel insurance
Technology and SaaS solutions
Etrav states that its platform serves 35,000+ travel agents, with access to 950+ airlines and 5,00,000+ hotels, along with API, white-label and destination-management capabilities.
Flight & Hotel Business
Flights are an important component of E-Trav's business model. The company operates as an airline consolidator, sourcing inventory and distributing it to travel agents through its platform.
The company also provides hotel inventory and accommodation solutions, allowing agents to access a broad range of properties through its B2B technology ecosystem.
This model allows smaller travel agencies to access inventory, pricing and technology that may otherwise be difficult to obtain directly from large suppliers.
Technology Platform
Technology is a key part of E-Trav's operating model.
The company uses APIs, XML integrations and white-label solutions to connect travel inventory with travel agencies and other business partners.
Its technology subsidiary, Codemagen Technologies, was incorporated to strengthen the technology side of the business and provide technology solutions both within the E-Trav ecosystem and to external clients.
Destination Management & Holiday Business
E-Trav has expanded beyond flight and hotel distribution through its destination-management operations.
Its Eagle Crest business provides destination services such as:
Ground transportation
Transfers
Sightseeing
Holiday packages
Destination management
MICE-related services
The company has expanded its presence across destinations including the UAE, Vietnam, Thailand, Bali and Maldives.
Customer & Distribution Network
One of E-Trav's key business strengths is its B2B distribution network.
The company reports a network of 35,000+ travel agents, supported by distributors and API/white-label partners. This network gives E-Trav access to a large base of travel businesses while allowing agents to use its platform for booking and travel-service requirements.
Fundamentals
Valuation
Registry
| Metric | Value |
|---|---|
| PAN number | AAECR8945A |
| ISIN number | INE0NQH01022 |
Figures in cr ·
Financials
| P&L Statement | 2025Latest | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 50 | 56 | 19 | 7.45 |
| EBITDA | 16 | 20 | 5 | -1.75 |
| OPM | 32 | 35.71 | 26.32 | -23.49 |
| PBT | 35 | 25 | 20.6 | 4.3 |
| PAT | 28 | 20 | 16.6 | 3.43 |
| EPS | 2.44 | 1.8 | 2.57 | 5.58 |
Shareholding Pattern
| Holder | Percentage |
|---|---|
| Khurjibhai Rupareliya | 29.62% |
| Lalitaben Rupareliya | 29.64% |
| Henil Rupareliya | 12.70% |
| Parshottam Rupareliya | 12.70% |
| Others | 15.33% |
Leadership
Frequently asked questions
Common questions on E Trav Tech Limited—tap a row to read the answer.
Q.1What are Etrav Tech Limited unlisted shares?
Etrav Tech Limited unlisted shares are equity shares of the company that are not listed on recognized stock exchanges such as the NSE or BSE. These shares are traded through private, off-market transactions and are generally considered by investors looking to participate in the growth of promising private companies before a potential public listing.
Q.2How can I buy Etrav Tech Limited unlisted shares?
To buy Etrav Tech Limited unlisted shares, you need a valid PAN card, completed KYC formalities, and an active demat account. Once a seller is identified and both parties agree on the transaction terms, the shares are transferred through an off-market process and credited to your demat account after payment and documentation are completed.
Q.3Can I sell Etrav Tech Limited unlisted shares before an IPO?
Yes. Etrav Tech Limited unlisted shares can be sold through an off-market transaction even before the company is listed on a stock exchange. The sale depends on the availability of interested buyers, prevailing market demand, and the agreed transaction price between the buyer and seller.
Q.4How is the price of Etrav Tech Limited unlisted shares determined?
The price of Etrav Tech Limited unlisted shares is influenced by several factors, including the company's financial performance, Gross Transaction Value (GTV) growth, business expansion, technology platform, future fundraising plans, market demand, and recent private market transactions. Since the shares are not
Q.5What should I evaluate before investing in Etrav Tech Limited unlisted shares?
Before investing, it is important to assess the company's business model, revenue growth, financial performance, technology capabilities, customer network, management team, scalability, and long-term growth strategy. Investors should also evaluate the outlook for India's digital travel industry and understand the risks associated with investing in unlisted companies.
Q.6Is investing in Etrav Tech Limited unlisted shares legal in India?
Yes. Buying and selling Etrav Tech Limited unlisted shares is legal in India when the transaction is conducted in compliance with applicable regulations. Investors should ensure that the shares are transferred through a valid off-market process and credited to their demat account after completing all required documentation.
Q.7Is E-Trav a B2C travel company?
Its core model is B2B. The company's primary customers are travel agents and business partners rather than individual travellers.
Q.8How does E-Trav make money?
E-Trav generates revenue through travel inventory distribution, flight and hotel transactions, holiday and destination services, and technology/API-related solutions.
Q.9How many airlines are available through Etrav?
The company states that its platform provides access to 950+ airlines.
Q.10What is Codemagen Technologies?
Codemagen Technologies is the technology-focused business associated with E-Trav and supports APIs, white-label solutions, booking technology and software services.
Q.11Which destinations does E-Trav operate in?
Its destination-management business has expanded across destinations including UAE, Vietnam, Thailand, Bali and Maldives.
Q.12What is E-Trav Tech's indicative market capitalisation?
The reference page reports approximately ₹1,185 Cr based on its indicative unlisted valuation.
Unlisted Trending shares
High-demand unlisted opportunities currently available for trade.
MARKET INSIGHTS & UPDATES
Read the latest updates, investment ideas, and market insights designed to help investors better understand unlisted and pre-IPO opportunities.

Top 10 Unlisted Shares in India in 2026: Companies, Fundamentals & What Investors Should Know
Explore 10 unlisted shares in India in 2026, including MSEI, Garuda Aerospace, OYO, Goodluck Defence, 63SATS, NCDEX, API Holdings and more.

Unlisted Share Price List India — Buy and sell Pre-IPO Shares
Unlisted shares pertain to equity shares which are not listed on recognized stock exchanges. This guide explains the mechanics of unlisted shares, the process by which an investor can purchase them, the method of valuation and red flags which should be noted by an investor prior to buying unlisted shares. The article also highlights the differences between listed, unlisted, and pre-IPO shares while discussing the risks such as low liquidity, valuation, business, and IPO risk. The article provides a checklist and frequently asked questions to understand the nuances of unlisted shares.

MSEI, Zepto and Other Pre-IPO Shares Move: 2026 Performance
MSEI surged over 124% while Zepto declined nearly 48% in 2026. Explore how other pre-IPO and unlisted shares performed and what the latest market trends mean for investors.

Sagar Defence Unlisted Share: Price, Financials & Why Investors Are Watching This Defence-Tech Stock
Sagar Defence Engineering's unlisted shares are drawing attention as India's defence-tech push gains momentum. Here's a look at the company, its FY26 numbers, and what to know before investing.

API Holdings & MSEI Unlisted Shares Surge: What’s Driving the Rally?
API Holdings and MSEI unlisted shares are witnessing sharp price movements, attracting fresh investor attention. Discover what is driving the rally, the latest trends and key factors to consider before investing.

NSE IPO Price Band vs NSE Unlisted Share Price — What Is the Difference?
The upcoming NSE IPO has created strong interest around the difference between the -NSE IPO price band and NSE unlisted share price. Recent reports indicate a possible IPO price range of ₹1,700–₹1,785, while NSE unlisted shares were around ₹2,045 on 9 September 2026. This blog explains why these prices can differ and covers NSE’s latest financial performance, valuation, IPO structure, lock-in period, business strengths and key risks investors should understand before evaluating NSE shares.
