Xplorz: Optimizing Corporate Travel for Businesses Using AI-driven Tech Platform

Vikram Ramchand,  Founder & Managing Director

Vikram Ramchand

Founder & Managing Director

Stable economic growth, decreasing air fare, and burgeoning startup & entrepreneurial culture has been very beneficial for the travel industry in recent times, especially for corporate travel. Currently, the Indian business travel market is valued at US$ 31.7 Billion in 2021 and as per IMARC reports the market will reach US$ 55.2 Billion by 2027 with a CAGR of 8.1% during 2022-2027. However, with business travel rising across industries, corporations usually struggle to track and manage travel bookings, deadlines to reschedule and cancel air tickets, and avoid duplicate bookings. For corporate employees with hectic travel schedules, managing itinerary and multiple bookings becomes a cumbersome and resource This added responsibility of continually managing travel bookings not only indirectly impacts employee efficiency and productivity but also the risk of unwanted added cost for the company intensive task.

Based out of Mumbai, Xplorz is a technology driven corporate travel management platform that is driven by the mission to optimize travel management for businesses. Using AI-driven software to book, track and manage flight tickets, hotels, and car vendors, Xplorz aims at taking away the headache of managing travel for company executives from the organization.

Making Executive Travel Efficient
Shedding light on what drove founder to establish Xplorz, Vikram Ramchand says, “Right after graduating with a Computer Science degree from Georgia Tech, I started Xplorz in 2005 after thoroughly analyzing the gaps in the way corporations manage their travel requirements. I surveyed the travel industry and found out that it was largely run on older legacy systems with a large offline support component to it. Time was spent in calls with vendors & airlines leading to super slow responses and clients were left gasping for efficiency. This is where I believed building an automated travel management software would be a huge value addition in the process.”

Vikram is proud of the fact that Xplorz is a company built on a foundation of technology, where every process is software driven and built inhouse. Moreover, the team at Xplorz understands that travel is a people centric industry, and service standards are key to business success. Therefore, the platform eliminates human led errors in managing multiple travel itineraries by employing their tech-driven software to offer services like ticketing, hotel reservations, visas, foreign exchange, private jet booking and ancillary services.

The core team of Xplorz is on a relentless mission to make travel seamless, convenient, cost effective for corporations & businesses. Sneha, who leads international operations & client relations at Xplorz, is an industry stalwart with more than 15 years of experience in travel space. Where as Shabnam looks after domestic operations, Narayan leads finance, accounting and regulatory compliance. Talking about how the team collaborates to make travel a seamless experience through technology, Vikram mentions, “Technology is ingrained in everything we do. Our ethos is that software makes work faster and more efficient and that’s what we aim to provide to each and every one of our clients. The team works together to make sure Xplorz runs like clockwork to ensure exemplary services to our esteemed clientele.”

A Future of Easy Travel
Xplorz is one of the leading service providers in the corporate travel space and the company has managed to make a name for itself through its technological prowess, transparency, and service excellence. The company already counts some of India’s leading corporates as their clients and have been growing at a rapid pace. Talking about expansion plans for the firm, Vikram says, “We aim to scale up our physical operations across multiple cities and even get into the B2C space at some point. We intend to raise capital from the public markets in the near future in order to fund this growth trajectory.”