Prasad Gundumogula is the CEO and co-founder of Mondee Holdings, Inc., a fast-growing travel technology company that has made significant waves in the industry under his leadership since its founding in 2015. He transitioned from his role as Chief Operating...

Prasad Gundumogula is the CEO and co-founder of Mondee Holdings, Inc., a fast-growing travel technology company that has made significant waves in the industry under his leadership since its founding in 2015. He transitioned from his role as Chief Operating Officer to CEO in July 2022, a move that has fueled the company's trajectory, including important acquisitions that broadened its portfolio. Gundumogula led Mondee through a critical business combination with ITHAX Acquisition Corp, making it a public company in July 2022. His financial expertise is evident in his compensation, which reached $12.53 million in 2023, primarily due to the vesting of $12.48 million in restricted stock units (RSUs). He currently holds a substantial stake in the company, with approximately 40.8% of Mondee’s Class A Common Stock, showing his deep commitment to the firm’s success. Not just a founder, Gundumogula has also been involved in innovative projects in travel technology before Mondee, having launched Explore Trip Inc., where he developed sophisticated travel solutions. His hands-on approach and solid background in technology and operations stand out, driving Mondee's vision and growth potential.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Mondee Holdings, Inc. CEOs

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Prasad Gundumogula

Founder and Ex-CEO of Mondee Holdings, Inc.

Education

Master's degree and Bachelor's degree in Computer Science from Andhra University

Field of Expertise

Technology & Engineering - Technology

Sector of Economy

Consumer Cyclical

Born

January 1, 1975 - 50 years ago

CEO of Mondee Holdings, Inc. for

9 years 10 months (Jan 2015 - Nov 2024)

Previous Experience

Founder and CEO of Explore Trip Inc.

Rivals

Competitors/colleagues of Prasad Gundumogula

Holdings

See how much did Prasad Gundumogula make over time.

Prasad Gundumogula currently holds around 34.28 million shares of Mondee Holdings, totaling about 40.8% of the company's entire stock. His holdings peaked substantially after the completion of Mondee's business combination with ITHAX Acquisition Corp, leading to the issuance of many...

Prasad Gundumogula currently holds around 34.28 million shares of Mondee Holdings, totaling about 40.8% of the company's entire stock. His holdings peaked substantially after the completion of Mondee's business combination with ITHAX Acquisition Corp, leading to the issuance of many shares that transformed him into a major stakeholder. As of 2023, much of his wealth is linked to stock, largely due to vested restricted stock units worth about $12.48 million awarded in the merger. He also received over 6 million earn-out shares tied to the merger's performance, indicating his financial skin in the game. This significant increase reflects a calculated risk and reward tied deeply to Mondee's performance in the market. Gundumogula's stake showcases confidence in the company's long-term strategy and growth trajectory, particularly in the competitive travel tech landscape.

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Total Stock Sold

$15.17M

MOND

$15.17M

1,659,404 MOND shares

What if they kept their stock?

If Prasad Gundumogula didn't sell their stock, today they would have:
Extra MOND1,659,404 shares worth $15.24M.
This is 0.49% and $74.67K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Prasad Gundumogula.

MOND

1,500,000 shares

MOND

May 20, 2024

Received

MOND

30,000 shares

MOND

May 14, 2024

Received

MOND

43,100 shares

MOND

Apr 12, 2024

Received

MOND

1,560,000 shares

MOND

Sep 14, 2023

Received

MOND

$127.20K

MOND at $6.36/share

Aug 23, 2023

Purchase

MOND

$65.30K

MOND at $6.53/share

Aug 22, 2023

Purchase

MOND

$33.70K

MOND at $6.74/share

Aug 21, 2023

Purchase

MOND

$73.04K

MOND at $6.64/share

Aug 18, 2023

Purchase

MOND

$223.48K

MOND at $6.04/share

Aug 17, 2023

Purchase

MOND

$16.59M

MOND at $10.00/share

Jun 9, 2023

Sale

Compensation History

See how much did Prasad Gundumogula make over time.

In 2023, Prasad Gundumogula's total compensation was approximately $12.53 million, a significant increase compared to $1.09 million in 2022. His pay structure primarily consists of a salary of $1, with the rest coming from the vesting of 1.56 million restricted stock units, which were part of a performance-based plan to motivate executives. Notably, he received no bonuses during these years, aligning his earnings closely with the company's performance rather than guaranteed pay. The compensation structure reflects a philosophy that ties rewards directly to successful business outcomes, which is evident from the considerable stock awarded as well. This approach fosters a greater connection to the company's performance and growth.

Year

2023

Total Compensation

$12.53M

Salary

$1.00

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on motivating executives to achieve short- and long-term results.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023.

Other

$50.00K

Board Justification

Cash fees for his role as Chairman of the Board.

Restricted Stock

$12.48M(1.56M RSU)

Board Justification

1,560,000 RSUs were awarded per the RSU agreement dated September 14, 2023, with 27,288 RSUs vesting on September 14, 2023 and 510,904 RSUs vesting on each of January 1, 2024, January 1, 2025, and January 1, 2026.

Performance Metrics

Performance metrics for determining compensation include company financial performance and individual performance against set objectives.

Other Mondee Holdings, Inc. CEOs

Here are other CEOs of Mondee Holdings, Inc.

Jesus Portillo

CEO of Mondee Holdings, Inc.

November 2024 - Present