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$870 million) (FY24) [2]
Increase2.svg₹1,330 crore (US$170 million) (FY24) [2]
Total assets Increase2.svg₹14,856 crore (US$1.9 billion) (FY24) [2]
Total equity Increase2.svg₹10,129 crore (US$1.3 billion) (FY24) [2]
Owner Tata Sons (35.74%) [3]
Number of employees
Increase2.svg~35,816 (2023) [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.

Contents

The company's hotel chains include Taj, [6] SeleQtions, Vivanta, and Ginger.

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 Mumbai 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]

Vivanta Kolkata EM Bypass in Kolkata, India Vivanta Kolkata EM Bypass.jpg
Vivanta Kolkata EM Bypass in Kolkata, India

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, Ernakulam, 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, 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

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

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References

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  2. 1 2 3 4 "IHCL FY 24 Q4 Results".{{cite news}}: Unknown parameter |rl= ignored (help)
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  30. 1 2 "Aloha by blissful ganges Hotels in rishikesh". Aloha by blissful ganges. Retrieved 20 January 2024.
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  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.
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