Engage AI

Noida, India Founded: 2022 • Age: 4 yrs Listed
AI-powered virtual concierge and upsell solution for hotels.

About Engage AI

Engage AI was a publicly listed company based in Noida (India) founded in 2022. AI-powered virtual concierge and upsell solution for hotels. It operates on a B2B model. The company has 587 employees. Its Indian entity Rategain Travel Technologies Limited reported revenue of ₹1,885 Cr. The company is recorded as dissolved. Its focus areas include AI Services, Hospitality Solutions and Virtual Concierge.

Company details

Engage AI ai-powered virtual concierge and upsell solution for hotels, focusing on leveraging cutting-edge technology, ai services, hospitality solutions, and virtual concierge. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.

Key Metrics
  • Market Cap
    ₹8,045 Cr

    RATEGAIN · NSE

  • Share Price
    ₹661.80

    -2.48% today

  • Revenue
    ₹1,824 Cr

    FY 2025-26 · +69.4% YoY

  • EBITDA
    ₹310 Cr

    Margin 17.0%

  • Net Profit
    ₹219 Cr

    FY 2025-26 · +5.7% YoY

  • P/E (TTM)
    29.2x

    P/B 3.8x

  • ROE
    11.9%

    ROCE 13.7%

  • Debt / Equity
    0.26

    Interest cover 17.0x

  • Employee Count
    587

Board of directors of Rategain Travel Technologies Limited (Engage AI)

Rategain Travel Technologies Limited is the primary company behind Engage AI. The board of Rategain Travel Technologies Limited currently have 6 directors; the longest-serving is Bhanu Chopra, appointed in 2012. 10 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Bhanu Chopra
DIN 01037173
Managing Director16 Nov 201213 yrs 11 moRategain Travel Technologies Limited
Megha Chopra
DIN 02078421
Director16 Nov 201213 yrs 11 moRategain Travel Technologies Limited
Nishant Kanuru Rao
DIN 08972606
Director02 Nov 20206 yrsRategain Travel Technologies Limited
Aditi Gupta
DIN 06413605
Director15 Jul 20215 yrs 3 moRategain Travel Technologies Limited
Aakrit Ajay Kumar Vaish
DIN 05113028
Director08 Aug 20251 yr 3 moRategain Travel Technologies Limited
Ganesh Venkata Ramanan Kangeyam
DIN 06563858
Director29 Jun 20264 moRategain Travel Technologies Limited

IPO & Listings of Engage AI

Engage AI is a publicly listed company on the NSE with ticker symbol RATEGAIN in India, operating in the IT - Software sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: RATEGAIN
  • Listed entityRategain Travel Technologies Limited
  • Exchange sectorIT - Software

Financials of Engage AI

Exchange-reported figures of Rategain Travel Technologies Limited, the listed company behind Engage AI (NSE: RATEGAIN).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,824 Cr
+69.4% YoY
EBITDA
₹310 Cr
+32.8% YoY
Profit After Tax
₹219 Cr
+5.7% YoY
Net Worth
₹2,006 Cr
+19.2% YoY
Total Assets
₹2,995 Cr
+75.2% YoY
Total Debt
₹949 Cr
+5810.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,8241,077957565367251399
Revenue growth+69.4%+12.5%+69.4%+54.2%+46.2%-37.1%-
EBITDA31023419186.6131.157.26(24.12)
EBITDA margin+17.0%+21.7%+20.0%+15.3%+8.5%+2.9%-6.1%
Profit before tax25227218967.2510.84(24.63)(17.76)
Net profit21920714567.436.86(31.68)(22.86)
Net profit margin+12.0%+19.2%+15.2%+11.9%+1.9%-12.6%-5.7%
EPS (₹)16.4617.7112.346.310.78(436.26)(271.68)
Balance sheet
Total assets2,9951,7091,477746646365305
Net worth2,0061,6831,450710619245138
Total debt94916.0516.6617.6918.04117144
Cash & bank17335039120124557.3424.35
Net working capital5021,02491219926063.8233.62
Cash flow
Cash from operations23412015251.9216.8120.6019.14
Cash from investing(1,244)(38.38)(566)15.62(276)(80.68)(111)
Cash from financing836(1.74)581(1.70)24092.8872.78
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue745785716540295273261279
Revenue growth (YoY)+152.6%+187.6%+174.5%+93.8%+6.4%+5.0%--
Other income(0.26)3.092.5716.5621.5420.6620.4520.33
EBITDA15317214752.5153.6349.6760.5961.47
EBITDA margin+20.5%+21.9%+20.5%+9.7%+18.2%+18.2%+23.2%+22.1%
Depreciation39.2737.5234.9927.689.358.708.378.36
Interest16.1116.5418.4412.470.290.300.310.32
Profit before tax97.4012196.1728.9265.5361.3372.3673.12
Tax22.6825.6526.192.4614.5314.3917.5616.58
Net profit74.7294.9169.9826.4651.0046.9454.8056.54
EPS (₹)6.308.025.912.244.313.984.654.75
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue24921017311372.7467.8989.81
Revenue growth+18.2%+21.4%+53.1%+55.7%+7.1%-24.4%-
EBITDA29.6234.0815.92(8.23)(22.93)(5.14)(2.79)
EBITDA margin+11.9%+16.2%+9.2%-7.3%-31.5%-7.6%-3.1%
Profit before tax68.1597.9759.418.332.866.346.64
Net profit51.7770.3643.685.000.382.083.70
Net profit margin+20.8%+33.4%+25.2%+4.4%+0.5%+3.1%+4.1%
EPS (₹)4.266.113.720.530.1762.6396.85
Balance sheet
Total assets1,4521,3941,310675661282164
Net worth1,4271,3721,291658642273134
Total debt10.3911.8613.0914.1014.935.337.38
Cash & bank8.8924.1718911222011.308.30
Net working capital84.9370275931623031.2723.14
Cash flow
Cash from operations7.79(0.05)(6.04)(19.38)18.084.966.91
Cash from investing(18.51)(42.50)(523)21.48(375)(103)(2.91)
Cash from financing(2.29)(0.49)5830.05358101(2.26)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue71.2468.1963.7862.6463.5358.8658.3853.48
Revenue growth (YoY)+12.1%+15.9%+9.3%+17.1%+29.3%+19.0%--
Other income2.722.165.820.4119.3618.8118.6118.41
Total expenses63.5563.1853.0059.9054.3452.1240.1545.40
EBITDA7.695.0110.782.749.196.7418.238.08
EBITDA margin+10.8%+7.3%+16.9%+4.4%+14.5%+11.5%+31.2%+15.1%
Depreciation1.341.271.171.201.181.131.081.15
Interest0.220.230.230.250.260.260.270.28
Profit before tax8.855.6715.201.7027.1124.1635.4925.06
Tax2.271.473.471.426.836.108.867.25

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue745785716540295273261279
Revenue growth (YoY)+152.6%+187.6%+174.5%+93.8%+6.4%+5.0%--
Other income(0.26)3.092.5716.5621.5420.6620.4520.33
EBITDA15317214752.5153.6349.6760.5961.47
EBITDA margin+20.5%+21.9%+20.5%+9.7%+18.2%+18.2%+23.2%+22.1%
Depreciation39.2737.5234.9927.689.358.708.378.36
Interest16.1116.5418.4412.470.290.300.310.32
Profit before tax97.4012196.1728.9265.5361.3372.3673.12
Tax22.6825.6526.192.4614.5314.3917.5616.58
Net profit74.7294.9169.9826.4651.0046.9454.8056.54
EPS (₹)6.308.025.912.244.313.984.654.75
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,8241,077957565367251399
Revenue growth+69.4%+12.5%+69.4%+54.2%+46.2%-37.1%-
Other income61.3476.3741.5619.9316.5213.3058.90
Total expenses1,513843766479335244423
Employee cost712399380253191151206
EBITDA31023419186.6131.157.26(24.12)
EBITDA margin+17.0%+21.7%+20.0%+15.3%+8.5%+2.9%-6.1%
Depreciation80.7134.9341.0435.8130.0635.8842.70
Interest39.113.012.813.486.779.319.84
Profit before tax25227218967.2510.84(24.63)(17.76)
Tax57.5763.3043.48(1.15)2.413.952.34
Net profit21920714567.436.86(31.68)(22.86)
Net profit margin+12.0%+19.2%+15.2%+11.9%+1.9%-12.6%-5.7%
EPS (₹)16.4617.7112.346.310.78(436.26)(271.68)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.8111.8011.7810.8310.730.800.74
Reserves & surplus1,9991,6761,444699608244137
Shareholders' funds (net worth)2,0061,6831,450710619245138
Minority interest0.000.000.000.000.000.000.00
Secured loans9210.000.000.000.0094.0686.79
Unsecured loans27.4616.0516.6617.6918.0423.0657.01
Total debt94916.0516.6617.6918.04117144
Total liabilities2,9951,7091,477746646365305
Assets
Gross block2,762601579624406319345
Net block2,403348364396222168216
Capital work in progress0.000.001.881.430.000.000.00
Investments24.5231917914016512944.91
Inventories0.000.000.000.000.000.000.00
Sundry debtors47121220516110166.9177.67
Cash & bank balances17335039120124557.3424.35
Loans & advances28564956126.4240.8014.0323.83
Total current assets9301,2111,157389386138126
Total current liabilities42818824519012674.4692.23
Net working capital5021,02491219926063.8233.62
Total assets2,9951,7091,477746646365305
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash34726899.9334.1053.7620.9639.62
Net cash from operating activities23412015251.9216.8120.6019.14
Net cash from investing activities(1,244)(38.38)(566)15.62(276)(80.68)(111)
Net cash from financing activities836(1.74)581(1.70)24092.8872.78
Net change in cash(174)79.8516865.83(19.66)32.80(18.66)
Closing cash17335039120124557.3424.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+69.4%+12.5%+69.4%+54.2%+46.2%-37.1%-
EBITDA growth+32.8%+22.3%+120.7%+178.0%+329.1%+130.1%-
PBT growth-7.4%+44.1%+180.9%+520.4%+9998.0%-38.7%-
Net income growth+5.7%+42.7%+115.3%+882.9%+121.7%-38.6%-
Revenue CAGR (3Y)+47.8%+43.2%+56.3%+12.3%+11.9%--
EBITDA CAGR (3Y)+53.0%+95.8%+197.5%-+11.0%--
Profitability & leverage
Net income margin+10.7%+19.4%+15.2%+12.1%+2.3%-11.4%-5.0%
Return on capital employed+13.7%+17.3%+17.2%+10.2%+3.0%-5.5%-4.2%
Return on net worth+11.9%+13.3%+13.5%+10.3%+1.6%-16.6%-16.3%
Debt / equity0.260.010.020.030.160.680.71
Long-term debt / equity0.190.010.010.020.130.570.59
Interest cover17.021.511.876.85621.10-32.53-14.73
Efficiency & per share
Fixed asset turnover1.081.831.591.101.010.761.66
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover5.335.165.234.324.383.475.66
EPS (₹)16.4617.7112.346.310.78(436.26)(271.68)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)170.27143.03123.5765.5257.683,736.991,861.14
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue71.2468.1963.7862.6463.5358.8658.3853.48
Revenue growth (YoY)+12.1%+15.9%+9.3%+17.1%+29.3%+19.0%--
Other income2.722.165.820.4119.3618.8118.6118.41
Total expenses63.5563.1853.0059.9054.3452.1240.1545.40
EBITDA7.695.0110.782.749.196.7418.238.08
EBITDA margin+10.8%+7.3%+16.9%+4.4%+14.5%+11.5%+31.2%+15.1%
Depreciation1.341.271.171.201.181.131.081.15
Interest0.220.230.230.250.260.260.270.28
Profit before tax8.855.6715.201.7027.1124.1635.4925.06
Tax2.271.473.471.426.836.108.867.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue24921017311372.7467.8989.81
Revenue growth+18.2%+21.4%+53.1%+55.7%+7.1%-24.4%-
Other income44.3969.4047.8421.8830.9016.7714.80
Total expenses21917615712295.6773.0392.60
Employee cost17714312489.7877.1358.7967.32
EBITDA29.6234.0815.92(8.23)(22.93)(5.14)(2.79)
EBITDA margin+11.9%+16.2%+9.2%-7.3%-31.5%-7.6%-3.1%
Depreciation4.694.292.983.283.734.514.55
Interest1.171.221.372.041.380.780.82
Profit before tax68.1597.9759.418.332.866.346.64
Tax17.8225.8415.552.581.062.250.31
Net profit51.7770.3643.685.000.382.083.70
Net profit margin+20.8%+33.4%+25.2%+4.4%+0.5%+3.1%+4.1%
EPS (₹)4.266.113.720.530.1762.6396.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.8111.8011.7810.8310.730.800.74
Reserves & surplus1,4201,3651,284647632272133
Shareholders' funds (net worth)1,4271,3721,291658642273134
Secured loans0.000.000.000.000.000.000.00
Unsecured loans10.3911.8613.0914.1014.935.337.38
Total debt10.3911.8613.0914.1014.935.337.38
Total liabilities1,4521,3941,310675661282164
Assets
Gross block50.7448.1941.0139.9039.3930.1230.17
Net block16.4718.1214.6315.9218.099.4813.77
Capital work in progress0.000.001.881.430.000.000.00
Investments1,343667527336360214123
Inventories0.000.000.000.000.000.000.00
Sundry debtors10570.7655.4320.8110.9918.4811.87
Cash & bank balances8.8924.1718911222011.308.30
Loans & advances21.4863555120439.9217.1817.52
Total current assets13573079633827146.9637.69
Total current liabilities50.4528.2636.6922.0840.8315.6914.55
Net working capital84.9370275931623031.2723.14
Total assets1,4521,3941,310675661282164
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash21.9064.9410.958.807.724.913.17
Net cash from operating activities7.79(0.05)(6.04)(19.38)18.084.966.91
Net cash from investing activities(18.51)(42.50)(523)21.48(375)(103)(2.91)
Net cash from financing activities(2.29)(0.49)5830.05358101(2.26)
Net change in cash(13.02)(43.05)54.002.151.082.811.74
Closing cash8.8924.1718911222011.308.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.2%+21.4%+53.1%+55.7%+7.1%-24.4%-
EBITDA growth-13.1%+114.1%+293.4%+64.1%-346.1%-84.2%-
PBT growth-30.4%+64.9%+613.2%+191.3%-54.9%-4.5%-39.9%
Net income growth-26.4%+61.1%+773.6%+1215.8%-81.7%-43.8%-
Revenue CAGR (3Y)+30.0%+42.5%+36.7%+8.1%-6.0%--
EBITDA CAGR (3Y)---+43.4%+70.2%--
Profitability & leverage
Net income margin+20.2%+34.3%+25.3%+5.1%+2.5%+6.0%+7.1%
Return on capital employed+4.9%+7.3%+6.1%+1.4%+0.3%+1.8%+3.3%
Return on net worth+3.6%+5.4%+4.5%+0.8%+0.1%+1.0%+2.9%
Debt / equity0.010.010.010.020.020.030.03
Long-term debt / equity0.010.010.010.020.020.020.02
Interest cover4.694.1010.59-17.72-5.18-8.08-11.17
Efficiency & per share
Fixed asset turnover5.034.724.292.862.092.253.87
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover2.833.344.557.124.944.476.59
EPS (₹)4.266.113.720.530.1762.6396.85
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)121.22116.71110.0260.7359.864,168.182,043.71

Top companies in AI in Travel & Hospitality

3 companies that operate in the same segment as Engage AI (AI in Travel & Hospitality) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Offers an AI-based automated order-taking app for concierge services.
2015Bengaluru, Karnataka, IndiaUSD 10.95 MUSD 422.03 K40
Functions as an AI-based platform for booking travel services efficiently.
2016Mumbai, Maharashtra, IndiaUSD 522.05 KUSD 90.68 K
Online marketplace for booking domestic and international tour packages.
2020Gurugram, Haryana, IndiaUSD 105.5 K
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Frequently Asked Questions about Engage AI

Engage AI was founded in 2022.

Engage AI is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.

Engage AI has 587 employees.

The primary company behind Engage AI, Rategain Travel Technologies Limited, reported revenue of ₹1,885 Cr for FY 2026, up 69% year on year.

Engage AI ai-powered virtual concierge and upsell solution for hotels, focusing on leveraging cutting-edge technology, ai services, hospitality solutions, and virtual concierge. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.

Yes, Engage AI is publicly traded on NSE under the ticker symbol RATEGAIN.

Engage AI operates through Rategain Travel Technologies Limited.

The legal entities of Engage AI currently have 8 directors, including Aditi Gupta, Nishant Kanuru Rao, Bhanu Chopra and others.

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