Indian Hotels Company Limited

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The Indian Hotels Company Limited
Company typePublic
BSE: 500850
NSE: INDHOTEL
ISININE053A01029
IndustryHospitality
Founded1902; 124 years ago (1902)
FounderJamsedji Tata
HeadquartersExpress Towers,
Mumbai, Maharashtra
,
India
Key people
ProductsHotels, resorts
RevenueIncrease ₹8,565 crore (US$1.0 billion) (FY25)[3]
Increase ₹2,038 crore (US$240 million) (FY25)[3]
Total assetsIncrease ₹17,704 crore (US$2.1 billion) (FY25) [3]
Total equityIncrease ₹12,415 crore (US$1.5 billion) (FY25) [3]
OwnerTata Sons (35.74%)[4]
Number of employees
40,726 (2024)[5]
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.[6][1] IHCL was founded in 1902 by Jamshedji Tata and is headquartered in Mumbai where its flagship hotel Taj Mahal Palace Hotel is also located. The company's hotel chains include Taj,[7] SeleQtions, Vivanta, and Ginger.

History

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

The company was founded by Tata Group founder and industrialist Jamshedji Tata.[8] He incorporated Indian Hotels Company Limited in 1899 and registered in 1902.[9] The first hotel of the company was opened — The Taj Mahal Palace Hotel in Colaba neighbourhood of Bombay opened in 1903.[10] It was the first five star hotel in India with modern elevators and Russian carpets.[11]

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.[12] IHCL entered the Sri Lankan market with Taj Exotica Bentota and Taj Samudra in Colombo.[13] In joint venture with G. V. Krishna Reddy, Taj Hotels form Taj GVK.[14] IHCL entered Middle Eastern market with opening a hotel in Dubai — the Taj Palace Hotel Dubai.[15] Next year the company opened three more hotels — the Regent Hotel in Mumbai, Rawal-Kot in Jaisalmer and Usha Kiran Palace in Gwalior.[16][17][18]

File: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.[19] Taj Surya was opened in Coimbatore and later renamed as Vivanta.[20]

IHCL also operates TajSATS Air Catering, in a joint venture with SATS (formerly known as Singapore Airport Terminal Services).[21] 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.[22][23] 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".[24] The unique brand decision was reversed in 2018.[25]

In April 2018, the group opened its first location in Saudi Arabia through a partnership with the Umm al-Qura construction company.[26] In April 2019, IHCL launched the hotel brand SeleQtions with 12 location openings.[27] 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.[28][29]

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.[30]

Being a Tata group company, Indian Hotels takes care of its employees and shareholders. IHCL offers exclusive coupons to its shareholders, providing a 25% discount on food and beverages at any IHCL hotel or restaurant. The code is valid for one year with no minimum spending requirement.

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.[31] 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, Puri, Rishikesh, Shimla, Tirupati, Udaipur, Varanasi, Vijayawada, Visakhapatnam[32]
International Cape Town, Colombo, Dubai, London, Lusaka, Maldives, New York City, San Francisco, Thimpu, Jerusalem, Tel Aviv, Taipei, Seoul, Busan, Kuala Lumpur, Bali, Jakarta, Tokyo, Osaka, Hokkaido, Hanoi, Phuket, Bangkok, Manila, Makkah, Manama, Ulanbataar and Astana
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[31] India Bhubaneswar, Chhatrapati Sambhajinagar, Coimbatore, Delhi, Guwahati, Jamshedpur, 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.[33] India Agra, Ajmer,Bhubaneswar, Chikmagalur, Coonoor, Delhi, Gir, Goa, Haridwar, Jaipur, Kolkata, Mumbai, Ooty, Pune, Ranthambore, Rishikesh, Varkala [34]
Midscale The Gateway The Gateway is a chain of midscale hotels.[35] India Kochi, Madurai, Mangalore, Surat, Visakhapatnam, Pune, Nashik[36]
Ginger Ginger is a midscale hotels chain with 86 hotels in 40 locations.[37] 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 [38]

Notable Hotels

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