IRCTC Counters Congress’ Claim, Says Adani’s Trainman Won’t Be A Threat

The Indian Railway Catering and Tourism Corporation (IRCTC) countered Congress general secretary Jairam Ramesh’s tweet on Adani acquiring ticket platform Trainman and said it will not be a threat or a challenge to the IRCTC.

Adani-owned Trainman will only complement IRCTC without being a threat or a challenge to the IRCTC.

Trainman is one of the 32 authorised business-to-customer partners of the IRCTC and the Adani Enterprises taking it over will not change anything, the IRCTC said in a tweet replying to Jairam Ramesh’s statement: ‘First competition with IRCTC, then takeover’.

“This is a misleading statement,” the official handle of the IRCTC posted.

Adani Digital Labs, a wholly owned subsidiary of Adani Enterprises signed a share purchase agreement for the acquisition of 100 per cent stake in the online train ticket booking platform Trainman making it Adani’s first footstep in the railways sector. Trainman was founded in 2011 to book train tickets, check live running status and the PNR status.

Trainman was founded by IIT-Roorkee graduates Vineet Chirania and Karan Kumar as a startup for all train ticket related issues. “Adani Digital Labs Private Limited, a wholly owned subsidiary of the Company has signed a Share Purchase Agreement in relation to its proposed acquisition of 100% stake in Stark Enterprises Private Limited, also known as Trainman, an online train booking and information platform,” a stock exchange notification from the Adani Group read.