Company type | Public |
---|---|
BSE: 523363 | |
Industry | Leisure Hospitality, Vacation Ownership, Timeshare, MICE, Corporate Travel and Adventure Holidays |
Founded | 1986 |
Founder | Elias Alencheril |
Headquarters | Chennai, Tamil Nadu, India |
Key people | Vikram Lalvani (Managing Director and CEO) starting April 2022 |
Products | Leisure Travel, Timeshare, Vacation Ownership, MICE, Corporate Travel, Adventure Holidays |
Parent | Sterling Holiday Resorts Limited |
Subsidiaries | Nature Trails Resorts Private Limited |
Website | www |
Sterling Holiday Resorts Limited (known as Sterling), was incorporated in the year 1986 and is a leading hospitality company. Since 2014, Sterling Holiday Resorts Limited has been an integral part of Fairfax Financial Holdings Ltd. and is a 100% independently managed subsidiary of Thomas Cook India Limited (TCIL). .
Thomas Cook India Limited (TCIL) is traded on stock exchange as NSE: THOMASCOOK; BSE: 500413.
Sterling owns and manages 52 resorts, hotels and retreats across 47 destinations and is one of the fastest growing hospitality brands in the country, catering to leisure stays, bleisure (or workcations), Meetings and Conferences (MICE), Destination Weddings, Reunions, Picnics and Group travel.
Sterling Holiday Resorts Limited, signed an agreement in October 2015 to acquire Nature Trails Resorts Private Limited – an adventure holiday company that operates resorts at 4 destinations in Maharashtra and is looking at expanding to more destinations.[[Holiday Resorts Limited|1]]
More than 85% of the Sterling resorts are rated above 4.5 on 5 on TripAdvisor with 12 resorts having a perfect 5 on 5 score. The resorts have won several accolades and have been recognized and awarded on several forums. Sterling is accredited by AIRDA (All India Resorts Development Association).[[Holiday Resorts Limited|2]]
Sterling was established in 1986 in Chennai, India, and opened its first resort, Lake View Kodaikanal (the resort has been later renamed as Sterling Kodai - Lake) in 1988. Sterling expanded to 9 resorts by the year 1995. In 2010, the company changed its brand name from Sterling Resorts to Sterling Holidays.[[Holiday Resorts Limited|3]]
The company currently operates 52 resorts in 47 scenic destinations across the country (as of August 2024) and counting.[[Holiday Resorts Limited|4]]
The resorts in the Sterling destination network are spread across India. Sterling has been delivering great holiday experiences for nearly four decades now. Their resort destination network has something to suit every holiday appetite, from majestic hillsides to beachside nirvana to jungle retreats to riverside resorts to spiritual sojourns and heritage locations.
• 1986 – The company was incorporated as a Private Limited Company on 22 May and converted into a Public Limited Company on 11 Dec 1989. • 1988 – Sterling Holidays inaugurated its resort in Kodaikanal on 15 April 1988. • 2015 – Sterling Holiday Resorts Limited became a 100% independently managed subsidiary of Thomas Cook India Limited (TCIL). • 2015 – On 26 October, Sterling Holidays Forays into Adventure Tourism, Acquires Nature Trails – an adventure holiday company. • 2024 – Launched its 50th resort – Sterling Marbella Dehradun.
In 2009, Bay Capital (formerly Indus Hospitality Fund) invested in Sterling Holiday Resorts,[[Holiday Resorts Limited|7]] acquiring an 18.80% stake. Again in 2009, India Discovery Fund acquired a 7% stake in the company. Bay Capital and others (including India Discovery Fund, Damani group and Jhunjhunwala group) held a total stake of 47.42% in Sterling Holiday Resorts through its funds. In July 2011, the company announced an Extraordinary General Meeting on 13 August 2011 to seek shareholder approval to raise Rs. 121.5 crore capital through the issuance of equity shares & warrants on a preferential basis to a consortium of investors led by Rakesh Jhunjhunwala and Radhakrishna Damani.[[Holiday Resorts Limited|8]] On 7 February 2014, Thomas Cook India Ltd. (TCIL) & Sterling Holiday Resorts Limited announced a merger between the companies.[[Holiday Resorts Limited|9]]
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across South America, North America, Europe, Asia, Africa and Australia
Hindustan Unilever Limited (HUL) is an Indian fast-moving consumer goods company, headquartered in Mumbai. It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products and other consumer staples.
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.
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.
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. 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, SeleQtions, Vivanta, and Ginger.
Kerala Tourism Development Corporation (KTDC) is a public sector undertaking that conducts and regulates the tourism activities in the Indian state of Kerala. The KTDC is headquartered at Thiruvananthapuram and has offices across all the districts of Kerala. The agency also operates hotels, resorts, and tourist rest houses in key locations in the state. Its official slogan is "Official host to God's own country." It is one of the most profitable ventures of the Kerala government.
Thomas Cook & Son, originally simply Thomas Cook, was a company founded by Thomas Cook, a cabinet-maker, in 1841 to carry temperance supporters by railway between the cities of Leicester, Nottingham, Derby and Birmingham. In 1851, Cook arranged transport to the Great Exhibition of 1851. He organised his first tours to Europe in 1855 and to the United States in 1866.
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.
Thomas Cook Group plc was a global travel group, headquartered in the United Kingdom and listed on the London Stock Exchange from its formation on 19 June 2007 by the merger of Thomas Cook AG — successor to Thomas Cook & Son — and MyTravel Group until 23 September 2019, when it went into compulsory liquidation. The group operated as a tour operator and airline, and also operated travel agencies in Europe. At the time of the group's collapse, approximately 21,000 worldwide employees were left without jobs and 600,000 customers were left abroad, triggering the UK's largest peacetime repatriation.
Hashoo Group, also known as Hashwani Group, is a group of companies that is active in hospitality, oil and gas sectors. It was founded in 1960 by Saddaruddin Hashwani in Karachi.
Southern Sun is a South African multinational hospitality company headquartered in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange (JSE). The group was founded in 1969 by hotelier Sol Kerzner and South African Breweries. Between 2012 and April 2022 the group was known as Tsogo Sun. Southern Sun owns and operates over 90 hotels in South Africa, Zambia, Mozambique, Seychelles, and the Middle East. In addition to hotels, the group operates conferencing venues including Sandton Convention Centre in Sandton, food and beverage outlets, and spas.
Club Mahindra is an Indian hospitality company founded in 1996. It is a part of the Mahindra Group and provides family holidays on a membership basis for over a period of 25/10 years.
Aman Resorts is the trading entity of Aman Group Sarl, a Swiss-headquartered multinational hospitality company. Founded by Indonesian hotelier Adrian Zecha in 1988, the company operates 35 properties in 20 countries. Vladislav Doronin is the chief executive officer, chairman, and owner.
Thomas Cook (India) Ltd. is an Indian travel agency, headquartered in Mumbai, India, providing travel services including Foreign Exchange, International and Domestic Holidays, Visas, Passports, Travel Insurance and MICE. Founded in 1881 by Thomas Cook, the founder of the now defunct British brand Thomas Cook & Son, who established its first office in India and eventually extended to over 233 locations, in 94 cities across India, Sri Lanka and Mauritius. Thomas Cook India is a subsidiary of Fairfax Financial Holdings Limited, through its wholly owned subsidiary, Fairbridge Capital (Mauritius) Limited, and its controlled affiliates which holds 67.63% of the company.
Magic Holidays is a brand belonging to Panoramic Holidays Ltd. (PHL). PHL is a timeshare company, part of Panoramic Group. It was founded in 2009 to provide holidays on a timeshare basis. Magic Holidays has over 37 hotels & resorts in India and abroad. In 2013, it was reported that the company is working towards building and acquiring additional resorts around the world. Magic Holidays is an affiliate of Resorts Condominium International (RCI), the largest timeshare vacation exchange network in the world. Magic Holidays has access to properties in more than 103 countries.
Minor Hotels is an international hotel owner, operator, and investor headquartered in Bangkok, Thailand, with more than 550 hotels in over 55 countries across Asia-Pacific, the Middle East, Africa, the Indian Ocean, Europe, and the Americas. Minor Hotels operates as a subsidiary of Minor International, one of the largest hospitality and leisure companies in the Asia-Pacific region. The group operates hotels under the brands of Anantara Hotels & Resorts, Avani Hotels & Resorts, Elewana Collection, Oaks Hotels, Resorts & Suites, NH Hotels, NH Collection, nhow Hotels, and Tivoli Hotels & Resorts.
SOTC Travel Limited, formerly SOTC Travel Private Ltd as well as Kuoni Travel (India) Pvt. Ltd., is a step-down subsidiary of Fairfax Financial Holdings Group; held through two companies, its Indian listed subsidiary, Thomas Cook (India) Limited (TCIL) and TCIL's subsidiary Travel Corporation (India) Ltd. Established in 1949, it is a travel and tourism company active across travel segments like Leisure Travel, Business Travel, Destination Management Services and Distribution Visa Marketing Services.
ANA Hotels is a Japanese hotel chain established in 1973 by All Nippon Airways (ANA). In October 2006, ANA sold majority ownership of ANA Hotels to the InterContinental Hotels Group (IHG), which is now the primary shareholder. The managed properties of ANA Hotels are marketed under the ANA InterContinental, ANA Crowne Plaza, ANA Hotels and ANA Holiday Inn brands.
Thomas Cook Tourism (UK) Company Limited, known as Thomas Cook UK, is an Anglo-Chinese package holiday provider which offers 'Flight + Hotel' packages and Hotel only bookings. The company was launched in 2019, when Chinese firm Fosun International purchased the brand from the insolvent Thomas Cook Group, and began trading in September 2020.
Udayan Prabhas Bose was an Indian investment banker, financier and business executive. Bose was one of India's first prominent investment bankers and was also the chairman of Lazard India, the Indian subsidiary of the multinational investment bank Lazard. In 1990, he founded India's first private sector venture capital fund. In 2004, Bose left investment banking and became a financier, focusing on private equity investments, and business executive. He was also the chairman of Thomas Cook India. During his career, Bose was noted for his success in investments and acquisitions. He died in 2021.