Indian Hotels Company Limited

Last updated

The Indian Hotels Company Limited
Company type Public
BSE:  500850
NSE:  INDHOTEL
ISIN INE053A01029
Industry Hospitality
Founded1902;122 years ago (1902)
Founder Jamsedji Tata
HeadquartersExpress Towers,
Mumbai, Maharashtra
,
India
Key people
Products Hotels, resorts
RevenueIncrease2.svg₹6,951 crore (US$830 million) (FY24) [2]
Increase2.svg₹1,330 crore (US$160 million) (FY24) [2]
Total assets Increase2.svg₹14,856 crore (US$1.8 billion) (FY24) [2]
Total equity Increase2.svg₹10,129 crore (US$1.2 billion) (FY24) [2]
Owner Tata Sons (35.74%) [3]
Number of employees
40,726 (2024) [4]
Parent Tata Group
Subsidiaries
Website www.ihcltata.com

The Indian Hotels Company Limited (IHCL) is an Indian hospitality company that manages a portfolio of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services. The company is part of India's Tata Group. [5] [1] IHCL was founded in 1902 by Jamsetji Tata and is headquartered in Mumbai where its flagship hotel Taj Mahal Palace Hotel is also located. The company's hotel chains include Taj, [6] SeleQtions, Vivanta, and Ginger.

Contents

History

Taj Mahal Palace Hotel c. 1908 Taj-hotel.jpg
Taj Mahal Palace Hotel c. 1908

The company was founded by Tata Group founder and industrialist Jamshedji Tata. [7] He incorporated Indian Hotels Company Limited in 1899 and registered in 1902. [8] The first hotel of the company was opened — The Taj Mahal Palace Hotel in Colaba neighbourhood of Bombay opened in 1903. [9] It was the first five star hotel in India with modern elevators and Russian carpets. [10]

In 1980 the Taj Group opened their first international hotels: the Taj Sheba Hotel in Sana'a, Yemen and the Taj Pamodzi in Lusaka, Zambia. [11] IHCL entered the Sri Lankan market with Taj Exotica Bentota and Taj Samudra in Colombo. [12] In joint venture with G. V. Krishna Reddy, Taj Hotels form Taj GVK. [13] IHCL entered Middle Eastern market with opening a hotel in Dubai — the Taj Palace Hotel Dubai. [14] Next year the company opened three more hotels — the Regent Hotel in Mumbai, Rawal-Kot in Jaisalmer and Usha Kiran Palace in Gwalior. [15] [16] [17]

U.S. Secretary of State Hillary Rodham Clinton is greeted by employees at the Taj Coromandel with a traditional greeting in Chennai, on in 2011 Secretary Clinton Is Greeted By Taj Coromandel Employees.jpg
U.S. Secretary of State Hillary Rodham Clinton is greeted by employees at the Taj Coromandel with a traditional greeting in Chennai, on in 2011

The company planned to open hotels in Jamshedpur and Ranchi. [18] Taj Surya was opened in Coimbatore and later renamed as Vivanta. [19]

IHCL also operates TajSATS Air Catering, in a joint venture with SATS (formerly known as Singapore Airport Terminal Services). [20] In May 2017, IHCL announced it was moving all of its hotels under a unique brand, Taj Hotels Palaces Resorts Safaris. The brands Vivanta by Taj and Gateway were merged into a single business unit. [21] [22] During the summer of 2017, Cyrus Mistry stated that some of the group's latest costly acquisitions (Sea Rock Hotel, The Pierre in New York, Taj Boston) "destroyed the economic value of the company". [23] The unique brand decision was reversed in 2018. [24]

In April 2018, the group opened its first location in Saudi Arabia through a partnership with the Umm al-Qura construction company. [25] In April 2019, IHCL launched the hotel brand SeleQtions with 12 location openings. [26] In May 2019, IHCL signed a strategic partnership with GIC Private Limited (Singapore's sovereign wealth fund) to acquire 600 million dollars' worth of hotel assets over three years. [27] [28]

In March 2024, the IHCL announced plans to open over 90 new properties in the coming years, building on its accelerated portfolio expansion, which included 52 signings and 34 openings in FY24. [29]

Brands

TypeBrandOverviewCountryLocations
Luxury Taj Hotels and Resorts Taj is the luxury hotels brand with 90 hotels in more than 70 locations. Its portfolio consists of luxury hotels, resorts, jungle safaris and palaces. [30] IndiaAgra, Ahmedabad, Amritsar, Andaman, Bandhavgarh, Bangalore, Bekal, Bhopal, Chandigarh, Chennai, Chitwan National Park, Coorg, Darjeeling, Delhi, Hyderabad, Goa, Gondia, Gurugram, Gwalior, Jaipur, Corbett National Park, Jodhpur, Kanha National Park, Kochi, Kolkata, Kovalam, Kozhikode, Kumarakom, Lucknow, Madurai, Mangalore, Mumbai, Nashik, Patna, Thiruvananthapuram, Panna National Park, Pench National Park, Rishikesh, Shimla, Tirupati, Udaipur, Varanasi, Vijayawada, Visakhapatnam [31]
InternationalCape Town, Colombo, Dubai, London, Lusaka, Maldives, New York City, San Francisco, Thimpu
Upscale Vivanta Vivanta is the upscale hotels brand of the company with 25 hotels in 20 locations. It has properties mostly in tier 2 and tier 3 cities of India like Coimbatore, Vadodara and Bhubaneswar to promote tourism over there [30] India Bhubaneswar, Chhatrapati Sambhajinagar, Coimbatore, Delhi, Guwahati, Kochi, Kolkata, Lucknow, Vadodara, Pune, Vijayawada
PremiumSeleQtionsBrand that includes hotels such as The Gateway Savoy in Ooty, Vivanta by Taj President in Mumbai, Vivanta by Taj-Blue Diamond in Pune and Vivanta by Taj-Ambassador in Delhi. [32] IndiaAgra, Ajmer, Chikmagalur, Coonoor, Delhi, Gir, Goa, Haridwar, Jaipur, Kolkata, Mumbai, Ooty, Pune, Ranthambore, Rishikesh, Varkala [33]
MidscaleThe GatewayThe Gateway is a chain of midscale hotels. [34] India Kochi, Madurai, Mangalore, Surat, Visakhapatnam, Pune, Nashik [35]
Ginger Ginger is a midscale hotels chain with 86 hotels in 40 locations. [36] The first hotel was opened in Whitefield, Bangalore in June 2004.IndiaAgartala, Ahmedabad, Chhatrapati Sambhajinagar, Bangalore, Bharuch, Bhubaneshwar, Chennai, Dwaraka, Faridabad, Greater Noida, Gurugram, Guwahati, Goa, Indore, Jaipur, Jamshedpur, Kalinganagar, Katra, Kochi, Lucknow, Mangalore, Mumbai, Mysore, Nashik, New Delhi, Noida, Pantnagar, Patna, Puducherry, Pune, Sanand, Surat, Tirupur, Tiruvananthapuram, Vadodara, Vapi, Visakhapatnam [37]

Notable Hotels

Vivanta Kolkata EM Bypass in Kolkata, India Vivanta Kolkata EM Bypass.jpg
Vivanta Kolkata EM Bypass in Kolkata, India
The swimming pool of Taj Lands End that is near Bandra Worli Sea Link in Mumbai Taj Lands End bandra.jpg
The swimming pool of Taj Lands End that is near Bandra Worli Sea Link in Mumbai

See also

Related Research Articles

<span class="mw-page-title-main">Taj Mahal Palace Hotel</span> Five-star hotel in Colaba, Mumbai, India

The Taj Mahal Palace is a heritage, five-star, luxury hotel in the Colaba area of Mumbai, Maharashtra, India, situated next to the Gateway of India. Built in the Indo-Saracenic style, it opened in 1903 as the Taj Mahal Hotel and has historically often been known simply as "The Taj". The hotel is named after the Taj Mahal, which is located in the city of Agra approximately 1,050 kilometres (650 mi) from Mumbai. It has been considered one of the finest hotels in the East since the time of the British Raj. The hotel was one of the main targets in the 2008 Mumbai attacks.

<span class="mw-page-title-main">ACC (company)</span> Indian cement manufacturing company

ACC Limited is an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.

Taj Hotels is a chain of luxury hotels and a subsidiary of the Indian Hotels Company Limited, headquartered in Mumbai, India. Incorporated by Jamsetji Tata in 1902, the company is a part of the Tata Group. The company employed over 20,000 people in the year 2010.

Ginger Hotels is an Indian midscale brand of hotel chain owned by Indian Hotels Company Limited (IHCL), a subsidiary of the Tata Group. IHCL operates around 85 hotels in 39 cities across India under the Ginger brand.

<span class="mw-page-title-main">The Leela</span> Indian luxury hotel chain

The Leela Palaces, Hotels and Resorts is an Indian luxury hotel chain founded in 1986 by C. P. Krishnan Nair and currently owned by Brookfield Asset Management.

<span class="mw-page-title-main">Lake Palace</span> Building in Udaipur, India

Lake Palace is a former summer palace of the royal dynasty of Mewar, it is now turned into a hotel. The Lake Palace is located on the island of Jag Niwas in Lake Pichola, Udaipur, India, and its natural foundation spans 4 acres (16,000 m2). Popularly described as the Venice of the East, Udaipur hosts the pristine Lake Palace, curated out of white marble.

Taj Fisherman's Cove Resort & Spa, commonly called Fisherman's Cove, is a luxury beach resort near the coast of the Bay of Bengal in Chennai, India. Categorized as a 5-star deluxe resort by Ministry of Tourism, Government of India, it is a part of the chain of Taj Hotels, Resorts and Palaces and is classified under the group's leisure/resort hotels section. Owned by the Covelong Beach Hotels Limited, an associate of the Taj Group, the hotel is built on the ramparts of a ruined 18th-century Belgian castle.

Taj Coromandel is a five-star luxury hotel located in Chennai, India. Named after the Coromandel Coast, the HACCP- and ISO 14001-certified hotel was opened in 1974. Owned by Oriental Hotels Limited, an associate of the Taj Group of Hotels, it is classified under the group's luxury hotels section.

<span class="mw-page-title-main">Taj Connemara</span> Luxury hotel in Chennai, India

Taj Connemara, Chennai is a five-star hotel in Chennai, India. It is a heritage hotel in Chennai. Classified under the Taj Group's business hotels section, the 127-year-old hotel is considered the oldest hotel in the city.

<span class="mw-page-title-main">Taj Club House Chennai</span> Luxury hotel in Chennai, India

Taj Club House is the fourth hotel of the Taj Group of Hotels in Chennai, India. Formerly known as the Taj Mount Road, it is a five-star luxury hotel located on Clubhouse Road, Anna Salai, across from the Taj Connemara Hotel, which is another property of the Taj Group. Owned by Taj-GVK Hotels, managed by Taj Hotels, and built at a cost of ₹1,600 million, it opened in December 2008. The hotel was designed by Thom Catallo of Mackenzie Designphase Hospitality.

<span class="mw-page-title-main">Shapoorji Pallonji Group</span> Indian conglomerate

Shapoorji Pallonji & Company Private Limited (SPCPL), trading as Shapoorji Pallonji Group, is an Indian conglomerate headquartered in Mumbai. Its primary business interests include construction and engineering, infrastructure, real estate, energy, and textiles, among others. The company was headed by a grandson of founder Pallonji Mistry, also named Pallonji Mistry, until 2012, when he announced his retirement and the succession of his son, Shapoor Mistry.

<span class="mw-page-title-main">Tata Consumer Products</span> Indian consumer products company

Tata Consumer Products Limited is an Indian fast-moving consumer goods company and a part of the Tata Group. Its registered office is located in Kolkata while its corporate headquarters is in Mumbai. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee.

Harshavardhan Neotia is the chairman of the Ambuja Neotia Group, a conglomerate headquartered in Kolkata.

Vivanta is an Indian hotel chain established in September 2010. The brand is a part of the Indian Hotels Company Limited, a subsidiary of the TATA Group.

<span class="mw-page-title-main">Taj Surya Coimbatore</span>

Vivanta by Taj—Surya, Coimbatore is a five-star hotel in Coimbatore, Tamil Nadu, India. It is a 9-storied hotel, one of the tallest star hotels in Coimbatore. The hotel is located on Race Course Road in Gopalapuram. It is used by both business travelers and tourists. Taj Surya Hotel have close proximity to airport and railway stations since its location is in the downtown central business district region. The establishment of this hotel led to add contribution the city's development.

<span class="mw-page-title-main">ITC Limited</span> Indian conglomerate

ITC Limited is an Indian conglomerate company, headquartered in Kolkata. It has a presence across six business segments, namely FMCG, hotels, agribusiness, information technology, paper products, and packaging. It generates a plurality of its revenue from tobacco products.

Rayaroth Kuttambally Krishna Kumar was an Indian business executive who was the director of Tata Sons. He was a member of Tata Administrative Services and served as a trustee of Sir Dorabji Tata Trust and Sir Ratan Tata Trust, which hold a 66 per cent stake in Tata Sons. He played a significant role in several acquisitions by Tata Group, including the £271 million buy-out of Tetley in 2000, which made Tata Global Beverages the second-largest tea company in the world. The Government of India awarded him the fourth-highest civilian honour of the Padma Shri in 2009 for his contributions to Indian trade and industry.

K. Raheja Realty is an Indian real estate company, headquartered in Mumbai, Maharashtra. The company was founded in 1956 and is led by Sandeep Raheja, who serves as both the chairman and managing director. K. Raheja has diversified interests in real estate including both commercial and residential property development, as well as malls and hospitality. The company owns a subsidiary called Infiniti Mall, which operates a chain of shopping malls in India. The first Infiniti Mall opened in 2004, followed by another one in Mumbai in 2011.

Taj Aravali Resort & Spa is a luxury resort located near Udaipur, Rajasthan, at the foothills of the Aravalli Range. Spread over 27 acres, the resort opened in 2018 and offers 176 rooms, suites, and tents designed with regional decor elements. The property blends traditional Rajasthani architecture with modern amenities, providing guests with a retreat-like experience surrounded by natural landscapes.

References

  1. 1 2 "Indian Hotels Company appoints Puneet Chhatwal as MD and CEO". Thehindubusinessline.com. 29 August 2017. Archived from the original on 28 May 2023. Retrieved 4 December 2019.
  2. 1 2 3 4 "IHCL FY 24 Q4 Results" (PDF).
  3. ↑ "Indian Hotels Co Ltd financial results and price chart - Screener". www.screener.in. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
  4. ↑ "IHCL AR 2023-24" (PDF). Retrieved 7 June 2024.
  5. ↑ "About Us". Indian Hotels Company Limited. Archived from the original on 13 August 2022. Retrieved 13 August 2022.
  6. ↑ "TAJ RANKED AS INDIA'S STRONGEST BRAND FOR THE SECOND TIME - The Week". 3 June 2022. Archived from the original on 12 May 2023. Retrieved 12 May 2023.
  7. ↑ "Indian Hotels Co Ltd". Business Standard India. Archived from the original on 30 July 2022. Retrieved 29 July 2022.
  8. ↑ "Indian Hotels Company > Company History > Hotels > Company History of Indian Hotels Company - BSE: 500850, NSE: INDHOTEL". www.moneycontrol.com. Archived from the original on 30 July 2022. Retrieved 29 July 2022.
  9. ↑ Trivedi, Vidushi (29 June 2016). "The History Of Mumbai's Taj Mahal Palace Hotel In 1 Minute". Culture Trip. Archived from the original on 7 January 2024. Retrieved 29 July 2022.
  10. ↑ "A Sweet Revenge Story That Inspired Jamsetji Tata To Build India's Iconic Taj Hotels". IndiaTimes. 3 July 2021. Archived from the original on 7 January 2024. Retrieved 29 July 2022.
  11. ↑ "Rooms with a view of history". @businessline. Archived from the original on 2 November 2021. Retrieved 13 August 2018.
  12. ↑ "5 Star Hotels in Sri Lanka - Luxury Hotels & Resorts in Sri Lanka | Taj Hotels". Taj. Archived from the original on 30 July 2022. Retrieved 30 July 2022.
  13. ↑ "Welcome to TAJGVK". www.tajgvk.in. Archived from the original on 7 May 2022. Retrieved 30 July 2022.
  14. ↑ "5 Star Hotel in Dubai near Burj Khalifa | Taj Dubai". Taj. Archived from the original on 26 August 2015. Retrieved 30 July 2022.
  15. ↑ "Hotel Rawalkot – Hotel Rawalkot". Archived from the original on 4 August 2022. Retrieved 30 July 2022.
  16. ↑ "Welcome to Regent Hotel". www.regentmumbai.com. Archived from the original on 30 July 2022. Retrieved 30 July 2022.
  17. ↑ "5 Star Hotel in Gwalior - Palace Hotel in Gwalior | Taj Usha Kiran Palace, Gwalior". Taj. Archived from the original on 30 July 2022. Retrieved 30 July 2022.
  18. ↑ "5-star hotel in Ranchi from Tatas - More investments after steel and power thrust". www.telegraphindia.com. Retrieved 30 July 2022.
  19. ↑ "Vivanta by Taj opens new hotel in Coimbatore". Breaking Travel News. Archived from the original on 28 May 2022. Retrieved 30 July 2022.
  20. ↑ "TajSATS to set up 15 kitchens at Rs 400 cr". The Economic Times. 14 June 2008. Archived from the original on 28 May 2023. Retrieved 13 August 2018.
  21. ↑ "IHCL brings all its hotels under single brand". Indiatimes.com. 9 February 2017. Archived from the original on 28 May 2023. Retrieved 4 December 2019.
  22. ↑ Bidya Sapam (9 February 2017). "Indian Hotels to exit Vivanta and Gateway brands, bring hotels under Taj fold". Livemint.com. Archived from the original on 28 May 2023. Retrieved 4 December 2019.
  23. ↑ "IHCL faced 'near-death experience' due to acquisitions: Cyrus P Mistry office". Indiatimes.com. 22 August 2017. Archived from the original on 28 May 2023. Retrieved 4 December 2019.
  24. ↑ "DNA MONEY EXCLUSIVE: IHCL may scrap Gateway brand, merge hotels with Vivanta". dna. 10 April 2018. Archived from the original on 28 May 2023. Retrieved 13 August 2018.
  25. ↑ Anumeha Chaturvedi (17 April 2018). "IHCL launches first Taj property in Makkah". Indiatimes.com. Archived from the original on 28 May 2023. Retrieved 4 December 2019.
  26. ↑ "IHCL launches brand SeleQtions with 12 hotels in India". Livemint.com. 11 April 2019. Archived from the original on 28 May 2023. Retrieved 4 December 2019.
  27. ↑ "IHCL and GIC Create a RS. 4000 Cr. / USD 600 Million Platform To Acquire Hotel Assets". Hospitalitynet.org. 17 May 2019. Archived from the original on 28 May 2023. Retrieved 4 December 2019.
  28. ↑ Anumeha Chaturvedi (18 May 2019). "IHCL and GIC create Rs 4000 crore platform to acquire hotel assets". Indiatimes.com. Archived from the original on 28 May 2023. Retrieved 4 December 2019.
  29. ↑ "Indian Hotels Company, Parent Firm Of Taj Brand, To Open 90 New Properties". NDTV.com. Retrieved 28 March 2024.
  30. 1 2 "Aloha by blissful ganges Hotels in rishikesh". Aloha by blissful ganges. Retrieved 20 January 2024.
  31. ↑ "Book Luxury Hotels in India & the World| Taj Hotels". Taj. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
  32. ↑ "Reimagining the Taj culture!". BW Hotelier. Archived from the original on 29 May 2023. Retrieved 13 August 2018.
  33. ↑ "Browse Through Best Curated Hotels & Resorts in India | SeleQtions Hotels". Seleqtions. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
  34. ↑ "Our Hospitality Brands". The Indian Hotels Company Limited. Archived from the original on 27 October 2018. Retrieved 26 October 2018.
  35. ↑ "The Gateway Hotels - Chain of Modern Hotels at the Choicest Destinations". Taj. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
  36. ↑ "Award-Winning Economic Hotels Chain in India - Ginger Hotels". www.gingerhotels.com. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
  37. ↑ "Business & Leisure Budget Hotels in India - Ginger Hotels". www.gingerhotels.com. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.