India Tourism Development Corporation

The India Tourism Development Corporation Limited (ITDC) is an Hospitality, retail and Education company owned by Government of India, under Ministry of Tourism. Established in 1966, it owns over 17 properties under the Ashok Group of Hotels brand, across India.

Joint Venture Company of ITDC

Name of the Joint Venture Company – Name of the Hotel property

As per the Promoters" Agreement entered into by ITDC, the shareholding of the Promoter i.e. ITDC and the Co-promoter i.e. respective State Government/State Tourism Corporation is in the ratio of 51:49 respectively. However, in the case of Utkal Ashok Hotel Corporation Ltd., Puri, the Joint Venture ratio is 60:40.