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Meet Robin Raina: Ebix boss who dons many a hat

Mar 13, 2019 12:53 PM IST

The Ebix chairman and CEO has caused a stir by announcing a proposal to acquire Nasdaq-listed for $336 million. The 51-year-old business tycoon is also a philanthropist, socialite and fitness enthusiast.

Moneycontrol News

Clad in a red shirt and pair of blue denims, he lies on lush green grass flanked by a dozen odd children. Their heads leaning against his body, smiles on their faces. This cover photo of his Twitter account, portrays that time stops, but not many would have an inkling that he is a billionaire for whom time is money.

Meet 51-year old Robin Raina, the CEO of Ebix, who dons multiple hats. A business tycoon, philanthropist, socialite and a fitness enthusiast, Raina never shies away from speaking his mind.

Raina, also the chairman of the Atlanta-headquartered software services firm caused a stir by announcing a proposal to acquire Nasdaq-listed online travel agency for $336 million.

If this deal goes through, it will help $2-billion Ebix create an end-to-end enterprise financial and insurance service player. While Yatra has confirmed that its board is reviewing the proposal, it has also asked its stakeholders not to take "any action" at this time.

Many see the offer as an unsolicited bid. Perhaps due to Ebix’s sharply-worded statement that it would reduce the offer if it did not receive "a positive engagement response from the Yatra Online Board in a timely manner". Yatra has been given a week's time to open its books for the due diligence.