Indian Railway Catering and Tourism Corporation (IRCTC) has floated a tender to monetise its data assets to boost revenue and increase profit.
The ticketing arm of the Indian Railway reportedly plans to generate INR 1,000 crore in revenue through digital monetisation.
“IRCTC is a reservoir of huge amount of digital data which opens several opportunities for IRCTC for monetisation,” it said.
IRCTC, a public sector undertaking that provides ticketing in addition to catering and tourism services for the Indian Railways has been a strong monopoly in the railway ticketing space.
It recently reported a 198% jump in net profit at INR 245.52 crore for the quarter ending June.
IRCTC’s revenue from operations soared 250.34% to INR 852.59 crore in the quarter under review as against INR 243.36 crore in Q1FY22.
