Club Mahindra Holidays

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Mahindra Holidays & Resorts India Ltd. (MHRIL)
Company typePublic
Industry Hospitality
FoundedSeptember 20, 1996;29 years ago (1996-09-20)
HeadquartersIndia
Area served
Worldwide
Key people
  • Arun Kumar Nanda (Chairman)
  • Kavinder Singh (MD and CEO)
ProductsVacation Ownership (VO)
RevenueIncrease2.svg₹2,623 crore (US$310 million) (2023) [1]
Increase2.svg₹761 crore (US$90 million) (2023) [1]
Increase2.svg₹115 crore (US$14 million) (2023) [1]
Total assets Increase2.svg₹9,317 crore (US$1.1 billion) (2023) [1]
Total equity Increase2.svg₹390 crore (US$46 million) (2023) [1]
Parent Mahindra Group
Website www.clubmahindra.com

Club Mahindra is an Indian hospitality company established on 20 September 1996. It is a subsidiary of the Mahindra Group and operates a timeshare network of resorts across India and internationally. [2]

Contents

Resorts

Club Mahindra resort in Munnar Club Mahindra, Munnar - panoramio.jpg
Club Mahindra resort in Munnar

As of 2024, Club Mahindra operates over 140 resorts globally. [3] In India, it has more than 80 resorts in diverse landscapes such as the Himalayas, beaches, hill stations, backwaters, deserts, and forests. [4]

Acquisitions

In 2014, MHRIL acquired an 18.8% stake in European company Holiday Club Resorts Oy. [5] In June 2014, MHRIL acquired Finland-based Holiday Club Resorts for ₹600 crore. [6] In 2015, MHRIL raised its stake in Holiday Club Resorts Oy to 88%.

In 2016, it acquired a 12% stake in Nreach Online Services. [7]

In 2017, the company increased its stake in Holiday Club Resorts Oy by 6.33%, bringing its total holding to 91.94%. [8] In 2017, MHRIL partnered with the Ideal Group of Companies to expand operations in Sri Lanka. [9]

In 2018, Suha Travel & Tours W.L.L became the official distribution partner in Bahrain. [10]

References

  1. 1 2 3 4 5 "Club Mahindra 2022–23 Annual Report" (PDF). bseindia.com. p. 24.
  2. ↑ Merwin, Radhika (30 August 2015). "Should you sign up for timeshares?". The Hindu Business Line.
  3. ↑ "Mahindra Holidays & Resorts India Ltd". Business Standard India. Archived from the original on 3 January 2017.
  4. ↑ "Explore 140+ Resorts in India and Abroad with Club Mahindra". Club Mahindra. Retrieved 31 January 2025.
  5. ↑ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". dna. 10 June 2015. Archived from the original on 22 December 2017.
  6. ↑ "Mahindra buys Finnish company Holiday Club for Rs 600 crore". The Times of India. 8 July 2014. Archived from the original on 4 February 2017.
  7. ↑ "Mahindra Holidays to acquire 12% stake in Nreach". Business Standard India. Press Trust of India. October 2016. Archived from the original on 22 December 2017.
  8. ↑ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts". 11 January 2017. Archived from the original on 22 December 2017.
  9. ↑ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts". Archived from the original on 22 December 2017.
  10. ↑ "Club Mahindra expands to Bahrain". Facebook.{{cite web}}: CS1 maint: url-status (link)[ dead link ]
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