The hotel chain works on a philosophy of "Responsible Luxury"[8] and each hotel in the chain has a LEED (Leadership in Energy and Environmental Design) Platinum rating.[9]
Originally incorporated as Rama Hotels Pvt Ltd in 1972[10] and renamed Vishwarama Hotels in 1973. The Vazir Sultan Tobacco Co Ltd. (VST Industries) bought Vishwarama Hotels in 1980-1981 and soon after, in 1982, the first luxury hotel for the new chain opened in Bangalore.
In 1984, ITC Ltd. bought the entire equity capital from VST. In 1985 the Indian government awarded the Hotel that would later become the ITC Gardenia a five star rating.[11] The company name was changed to ITC Hotels in 1986.[12]
In an effort to unlock value and focus on core competencies, ITC Limited decided to demerge its hotel business into a separate entity in 2023. The board of ITC Limited granted in-principle approval for the demerger.[13] Sanjiv Puri, the CMD of ITC, elaborated that the move is part of a broader strategy for capital raising and debt expansion.[14][15][16]
On 1 January 2025, the ITC Hotel demerger officially came into effect. Shareholders of ITC were allotted one share of ITC Hotels for every 10 shares of the parent company.[17][18][19]
Brands
The group today operates under several distinct brands:[citation needed]
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₹3,103 crore (US$360 million) (FY2024) [1] 
