Full Form of IRCTC: IRCTC stands for the Indian Railways Catering and Tourism Corporation. This is a public company under the Ministry of Railways, which provides online ticketing for Indian railway travelers. Rajni Hasija is its chairman. The corporation is responsible for the provision of high-quality service to passengers traveling by rail in India. For information about the organization, visit its website. You can also find out more about its chairman.
Indian Railways Catering and Tourism Corporation
The Indian Railways Catering and Tourism Corporation (IRCTC) is a public sector undertaking in India that provides a range of travel-related services, including ticketing, catering, and tourism. Among its many services, IRCTC full form offers a wide variety of food options and a full range of catering menus. With the help of their chefs, IRCTC has been able to provide quality food and service to Indian rail passengers for over 70 years.
IRCTC is a public sector enterprise under the Ministry of Railways
It is the only firm authorized by the Ministry of Railways to provide food services on board trains. It is also the monopoly entity for online ticket booking and catering in railway stations. It has made a huge profit out of the convenience fee and was rewarded with a Mini Ratna status. But its share price plunged 29% on Tuesday, with the stock crashing below Rs 650. It has recovered since then, though, following a decision by the Railway Ministry to reverse the decision and share 50% of the convenience fee with the firm.
It provides online ticket booking
The IRCTC website allows users to purchase tickets online for railway journeys. You can use debit and credit cards and even pay using your net banking account to purchase tickets online. You can also use an e-wallet service to make secure online payments. This payment option will allow you to deposit money in advance, use it for your booking, and pay online. The website accepts different payment methods, including credit cards. The online payment gateway is secure, and the payment process is fast.
Its chairman is Rajni Hasija
Rajni Hasija is a managing director and the chairman of the Indian Railway Catering & Tourism Corporation. She holds an undergraduate and a graduate degree from Chaudhary Charan Singh University. Her compensation package includes Rs7,280,284 per annum. Hasija is also a director in the Tourism and Marketing division. She was appointed to the board on May 18, 2018.
Its share price
The fall in IRCTC’s share price is primarily due to the recent ban on travel in the country. Travel was banned due to the recent pandemic, and this led to a sharp decline in the stock. However, the company’s solid financials are positive for investors. In addition to that, it is debt-free and operates with healthy cash flow. However, its share price may still continue to fall in the near term.
IRCTC’s mission statement is to improve customer service, hospitality and tourism. The organization is committed to improving customer satisfaction, manpower productivity and efficiency. It also aims to expand its reach and leverage high-quality management practices. It has introduced online payment options and has enhanced its technology, marketing and operations in order to improve its customers’ experiences. The mission statement also highlights the importance of maintaining good customer relations, which is a vital element in ensuring a successful business.