Club Mahindra Holidays

Mahindra Holidays & Resorts India Ltd. (MHRIL)

Company type	Public
Traded as	NSE:  MHRIL BSE:  533088
Industry	Hospitality
Founded	September 20, 1996;28 years ago (1996-09-20)
Headquarters	India
Area served	Worldwide
Key people	Arun Kumar Nanda (Chairman) Kavinder Singh (MD and CEO)
Products	Vacation Ownership (VO)
Revenue	₹2,623 crore (US$310 million) (2023) [1]
Operating income	₹761 crore (US$90 million) (2023) [1]
Net income	₹115 crore (US$14 million) (2023) [1]
Total assets	₹9,317 crore (US$1.1 billion) (2023) [1]
Total equity	₹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]

Resorts

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] Internationally, Club Mahindra has properties across Europe, Scandinavia, Asia, Africa, and the Middle East. ^[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. "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.^{[ dead link ]}