Indian Railway Catering and Tourism Corporation
Indian Railway Catering and Tourism Corporation
Indian Railway Catering and Tourism Corporation
History
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The company was listed on the National Stock Exchange (NSE) in 2019,
following which the Government of India's holding was reduced to 87%,
with the remaining shares being publicly traded. [5][6] In December 2020,
the Government of India divested another 20%, reducing its holding in the
IRCTC to 67%.[7][8][9] In December 2022, the government dis-invested
further 5% of its share, reducing its ownership to 62.4%. [10]
Services
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In 2011, IRCTC launched a loyalty program called Shubh Yatra for frequent
travelers wherein passengers could avail discounts on all tickets by paying
an upfront annual subscription fee.[17] In 2012, IRCTC introduced
the Rolling Deposit Scheme (RDS), a type of closed wallet wherein
customers can book tickets using money already deposited. [18] In 2013,
flight and hotel booking services were added as a part of online
reservation services.[19] In 2016, IRCTC launched a lighter version of its
website to enable booking at low speed internet connections. [20] On 7
August 2019, IRCTC launched a payment wallet named iMudra.[21][22] On 11
August 2021, IRCTC introduced a smart card system through which
unreserved train tickets which can be bought either at railway stations or
online.[23] IRCTC provides train and ticketing related information to
passengers through SMS.[24]
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IRCTC has exclusive rights for onboard catering of food on all trains
operated by the Indian Railways. Pantry cars are attached to long and
medium distance trains, where food may be prepared onboard or pre-
cooked meals can be served depending on the type of the train and the
accommodation class.[25] IRCTC also operates food plazas, cafeterias
and refreshment rooms at various railway stations.[26] In 2014, IRCTC
launched e-catering services which allowed passengers to order food from
private restaurants online or through phone and have it delivered to their
seats.[27][28] IRCTC also manages air-conditioned waiting lounges, retiring
rooms and budget hotels at major railway stations. [29][30][31] IRCTC launched
a bottled water brand "Rail Neer" in 2003, which is sold on trains and
railway stations.[32][33][34]
Train operations
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IRCTC also organizes package tours for domestic and foreign tourists.
[41]
IRCTC also enables booking of various services including hotel, flight,
taxi, and food delivery in co-ordination with third parties through the
platform.[42]
IRCTC offers travel insurance for passengers through a third party insurer.
In 2018, a security researcher reported that a free travel insurance
scheme of