Adani 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 INR 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 authorised 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 travellers across India.
The ‘Confirm’ feature by redRail is specifically designed to address the long-standing challenge of wait-listed tickets, revolutionizing the process and significantly improving the chances of passengers securing confirmed seats on their desired journeys. The launch of redRail Confirm comes at the perfect time, with the Diwali booking window opening soon.
This acquisition comes as no surprise given Adani’s commitment to diversify its business portfolio and explore opportunities in emerging sectors. By investing in innovative digital platforms like Trainman, Adani Enterprises continues to establish itself as a key player in the rapidly evolving Indian e-commerce and technology landscape.As the partnership progresses, Adani Digital Labs and Trainman will collaborate to leverage their respective strengths and expertise, driving further advancements in the online train booking space. Customers can anticipate an improved booking experience, increased convenience, and an expanded range of services as a result of this strategic collaboration.
The acquisition of a significant stake in Trainman marks a significant milestone for Adani Digital Labs, strengthening its foothold in the online travel industry while aligning with its vision to transform the way people travel in India.
