Washington, D.C. 20549


Form 6-K


Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of March 2020

Commission File Number 001-34837



(Exact name of registrant as specified in its charter)

Not Applicable

(Translation of registrant’s name into English)


(Jurisdiction of incorporation or organization of registrant)


19th Floor, Building No. 5

DLF Cyber City

Gurugram, 122002, India

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F   

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  


Other Events

On March 24, 2020, MakeMyTrip released a letter from Deep Kalra, Group Executive Chairman and Rajesh Magow, Group CEO, to all the employees of MakeMyTrip. A copy of that letter is attached hereto as Exhibit 99.1 and incorporated herein by reference.

This Form 6-K and the attached exhibit contain certain statements concerning MakeMyTrip’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on MakeMyTrip’s current expectations, assumptions, estimates and projections about MakeMyTrip and its industry. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate", "believe", "estimate", "expect", "intend", "will", "project", "seek", "should" and similar expressions. Such statements include, among other things, quotations from management as well as MakeMyTrip’s strategic and operational plans. All information provided in this release is provided as of the date of issuance of this release, and MakeMyTrip does not undertake any obligation to update any forward-looking statement, except as required under applicable law.





Press release, dated March 24, 2020.




Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, there under duly authorized.

Date: March 24, 2020







/s/ Deep Kalra



Deep Kalra



Group Executive Chairman



Exhibit 99.1


Press Release


Headline: A Message from MakeMyTrip Limited’s Group Executive Chairman and Group CEO


New Delhi and New York, March 24, 2020 -- Deep Kalra, Group Executive Chairman and Rajesh Magow, Group CEO, today shared the following message to Company employees:


Dear Go-Trippers,


The last few weeks have been very tough for all of us with the sudden and sharp spread of COVID-19 in India. Our stellar performance in Q3 2020 was sadly short lived as the travel and tourism sector is one of the worst sectors that have been hit by this pandemic. There has been sharp drop in bookings with spiralling cancellations and the latest restrictions on domestic air/rail/bus travel has brought our industry to a virtual standstill.  The entire country has now been put under lock down for the next three weeks to arrest the spread of this pandemic.


These are incredibly tough times that we need to navigate through together! MMYT is known for its resilience, having survived the dot.com bust, 9/11 attacks, SARS epidemic, 2008-09 financial crisis and Indian aviation sector challenges in 2012 and 2019. Economic experts across the world are predicting it to be a global economic tsunami that will have far reaching implications for the global economy. Therefore, we need to focus on two critical areas (i) safety and well-being of our staff, customers and the society at large, and (ii) minimizing the impact to our business from these disruptions.


We are reviewing our operating costs and plan to undertake multiple tough measures to keep overall expenses at a minimum. Being an online company, the majority of our costs are variable, however the situation demands that we take a hard look at all our fixed costs including people costs.


This means we will continue to sharply reduce variable costs like advertising, sales promotions and payment gateway costs, along with optimising IT infrastructure and expenses relating to the functioning of our offices and other establishments. We will immediately cancel all discretionary spends such as events, trainings, etc. and also suspend brand building expenses during the following quarter.   


On people costs front, both of us will take the lead and take zero salary effective April 2020, while the rest of our Leadership Team have also offered to take a reduction of approximately 50% in their compensation.


All of the above makes us confident that we would together be able to weather this storm and come out stronger.


At this time, please do take best care of yourself and your loved ones. Be well.


Yours sincerely

Deep and Rajesh