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Indian Hotels Company Limited

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The Indian Hotels Company Limited
Company typePublic
BSE: 500850
NSE: INDHOTEL
ISININE053A01029
IndustryHospitality
Founded1902; 122 years ago (1902)
FounderJamsedji Tata
HeadquartersExpress Towers,
Mumbai, Maharashtra
,
India
Key people
ProductsHotels, resorts
RevenueIncrease ₹6,951 crore (US$830 million) (FY24)[2]
Increase ₹1,330 crore (US$160 million) (FY24)[2]
Total assetsIncrease ₹14,856 crore (US$1.8 billion) (FY24) [2]
Total equityIncrease ₹10,129 crore (US$1.2 billion) (FY24) [2]
OwnerTata Sons (35.74%)[3]
Number of employees
40,726 (2024)[4]
ParentTata Group
Subsidiaries
Websitewww.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.

History

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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

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

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Type Brand Overview Country Locations
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] India Agra, 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]
International Cape 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
Premium SeleQtions Brand 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] India Agra, Ajmer, Chikmagalur, Coonoor, Delhi, Gir, Goa, Haridwar, Jaipur, Kolkata, Mumbai, Ooty, Pune, Ranthambore, Rishikesh, Varkala [33]
Midscale The Gateway The 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. India Agartala, 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

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Vivanta Kolkata EM Bypass in Kolkata, India
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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  1. ^ a b "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. ^ a b c d "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. ^ a b "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.
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