News · Enterprise Software & IT

TBO Tek's share price rises as Jefferies projects 20% annual growth in hotel bookings through 2031

By Startup Enthusiast · 25 September 2026

What they do

TBO Tek is a B2B travel platform that connects travel agents with hotel and airline inventory through an API-led infrastructure

Jefferies has initiated coverage on TBO Tek, projecting over 20% annual growth in hotel gross transaction value through 2031

The company's share price is up 0.57% to Rs. 1,696.90, with a market capitalization of Rs. 18,426.26 Cr

TBO Tek is a public limited company incorporated in Delhi, India, and listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the ticker symbol TBOTEK.
TBO Tek's share price rose 0.57% to Rs. 1,696.90 on 2026-09-25, with a market capitalization of Rs. 18,426.26 Cr.
Jefferies, a global brokerage, has initiated coverage on TBO Tek, projecting over 20% annual growth in hotel gross transaction value through 2031.
TBO Tek operates a B2B travel platform that connects travel agents with hotel and airline inventory through an API-led infrastructure.
TBO Tek recently acquired Classic to expand into the luxury travel market, aiming to integrate the platform by the end of 2026.
TBO Tek is focusing on operational efficiency and integrating artificial intelligence to assist agents with productivity while maintaining a human-centric service model.
TBO Tek reported a total operating revenue of Rs. 583.83 Cr. and equity capital of Rs. 10.86 Cr. for the year ended 31/03/2026.

Jefferies projects over 20% annual growth in hotel gross transaction value through 2031, based on TBO Tek's B2B model and expansion into luxury travel.
TBO Tek's integration of the Classic platform is expected to drive growth in the high-value luxury travel segment.
TBO Tek faces risks from geopolitical volatility in West Asia, which could impact booking volumes in that region.

TBO Tek operates a B2B travel platform that connects travel agents with hotel and airline inventory through an API-led infrastructure.
TBO Tek focuses on operational efficiency and uses artificial intelligence to assist agents with productivity while maintaining a human-centric service model.
TBO Tek recently acquired Classic to expand into the luxury travel market, aiming to integrate the platform by the end of 2026.
TBO Tek reported a total operating revenue of Rs. 583.83 Cr. and equity capital of Rs. 10.86 Cr. for the year ended 31/03/2026.
TBO Tek is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the ticker symbol TBOTEK.

TBO Tek plans to complete the full front-end integration of the Classic platform by the end of 2026.
TBO Tek aims to expand its luxury travel segment through localized payment solutions and human support.