evidence: IRCTC clarified that Trainman is one of the 32 authorized B2C (Business to Customer) partners of IRCTC, to which it provides its API services, contributing 0.13% of total reserved ticketing. Changing the stake won’t make any difference to this. All integration and operations will continue to be done through IRCTC. ICICIDirect, one of India’s largest retail brokers, has analyzed the business model of IRCTC and has opined that the real competition for the IRCTC is offline railway ticketing. Hence, the claim made in the post is MISLEADING.