UpdateBot at 07:21, 30 May 2022

2022-05-30T07:21:06Z

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{{Use dmy dates|date=June 2018}}
{{Use Indian English|date=June 2018}}

{{Infobox company
| logo = Club Mahindra New Logo.jpg
| logo_size = 150px
| name = Mahindra Holidays & Resorts India Ltd. (MHRIL)
| type = [[Resorts]]
| traded_as = {{ubl|{{NSE|MHRIL}}|{{BSE|533088}}}}<ref>{{cite web|url=http://www.moneycontrol.com/india/news/pressnews/clubmahindraholidaysholidaycompany/clubmahindraplansexpansion10thanniversary/market/stocks/article/240923|title=Club Mahindra plans expansion on 10th anniversary|publisher=}}</ref>
| foundation = {{Start date and age|1996|9|20}}
| predecessor =
| location =
| area_served = [[World]]wide
| key_people = {{ubl|Arun Kumar Nanda {{small|(Chairman)}}|Kavinder Singh {{small|(MD and CEO)}}}}
| revenue = {{decrease}} {{INR|908.76 crores|link=yes}} (2021)<ref name=AR>{{cite web |url=https://www.bseindia.com/bseplus/AnnualReport/533088/69359533088.pdf |title=Club Mahindra 2021-22 Annual Report |website=bseindia.com |page=24}}</ref>
| operating_income = {{increase}} {{INR|286.16 crores}} (2021)<ref name=AR />
| net_income = {{increase}} {{INR|125.76 crores}} (2021)<ref name=AR />
| aum =
| assets = {{decrease}} {{INR|6,117.2 crores}} (2021)<ref name=AR />
| equity =
| num_employees =
| industry = [[Hospitality industry|Hospitality]]
| products = Vacation Ownership (VO)
| subsid =
| parent = [[Mahindra Group]]
| homepage = {{URL|http://www.clubmahindra.com/}}
| footnotes =
}}

'''Club Mahindra Holidays''' is an Indian Hospitality company founded in 1996. It is a part of the [[Mahindra Group]] and provides holidays on a [[timeshare]] basis.<ref>{{cite web|url=http://www.thehindubusinessline.com/portfolio/beyond-stocks/should-you-sign-up-for-time-shares/article7596676.ece|title=Should you sign up for timeshares?|first=Radhika|last=Merwin|date=30 August 2015|publisher=}}</ref> Mahindra Holiday & Resorts India Limited (MHRIL) is a part of the Leisure and Hospitality sector of the Mahindra Group. Vacation ownership is its key offering and "Club Mahindra" is its flagship brand. MHRIL offers family holidays primarily through vacation ownership memberships for over a period of 25/10 years.<ref>{{cite web|title=Leisure with Mahindra Holidays & Resorts|url=https://www.outlookindia.com/outlookmoney/investment-ideas/leisure-with-mahindra-holidays-resorts-2083|url-status=live|archiveurl=https://web.archive.org/web/20171222053647/https://www.outlookindia.com/outlookmoney/investment-ideas/leisure-with-mahindra-holidays-resorts-2083|archivedate=2017-12-22}}</ref>

==History==
Club Mahindra Holidays was incorporated as Mahindra Holidays and Resorts India Limited (MHRIL) in the year 1996. Subsequently, the company's status was changed to public limited in the year 1998. In the same year, the company opened its first resort at Munnar. Its next resort was opened in Goa in 1999. At present, the company operates and manages over 100 resorts across the globe of which 71 are in India.<ref>{{cite web|title=Mahindra Holidays & Resorts - Locations|url=https://www.clubmahindra.com/resorts}}</ref>

MHRIL's parent company, Mahindra Group is a US$19 billion multinational company. The parent company employs 2 lakh people across 100 countries in the world.<ref>{{cite web|title=Mahindra Sells 16257 Units in Domestic Market|url=http://www.thehindubusinessline.com/multimedia/archive/01705/Click_here_for_pdf_1705687a.pdf|url-status=live|archiveurl=https://web.archive.org/web/20180615084753/https://www.thehindubusinessline.com/multimedia/archive/01705/Click_here_for_pdf_1705687a.pdf|archivedate=2018-06-15}}</ref>

==Club Mahindra Resorts==
[[File:Club Mahindra, Munnar - panoramio.jpg|thumb|Club Mahindra resort in [[Munnar]]]]
Club Mahindra operates over 100+ resorts in India and overseas destinations and is affiliated with over 4,500 RCI resorts. It is the world's largest vacation ownership brand outside the United States (US).<ref>{{cite web|title=Mahindra Holidays & Resorts India Ltd.|url=http://www.business-standard.com/company/mahindra-holiday-18268/information/company-history|url-status=live|archiveurl=https://web.archive.org/web/20170103165024/http://www.business-standard.com/company/mahindra-holiday-18268/information/company-history|archivedate=2017-01-03}}</ref>

==Membership Details==
Club Mahindra membership allows customers to avail of a week's holiday every year for 25 years based on eligibility and availability. The members may stay at Club Mahindra resorts, [[Holiday Club|Holiday Club Oy]] resorts, or RCI-affiliated resorts by way of exchange. A ten-year option is also available for the members. Members opt for a specific season and apartment at the time of buying the membership. They may choose to plan their stay outside their season and apartment under the exchange program or carry forward their annual entitlements, subject to certain limits. The holiday seasons are divided into the four types: Purple, Red, White and Blue.<ref>{{cite web|title=Explore Club Mahindra Membership for Fun-Filled Family Holidays|url=http://www.clubmahindra.com/membership/overview|url-status=live|archiveurl=https://web.archive.org/web/20171222051227/http://www.clubmahindra.com/membership/overview|archivedate=2017-12-22}}</ref>

==Acquisitions ==
*In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.<ref>{{cite web|title=Mahindra Holidays to hike stake in Holiday Club Resorts to 88%|url=http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114|url-status=live|archiveurl=https://web.archive.org/web/20171222060848/http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114|archivedate=2017-12-22}}</ref>
*In June 2014, the company acquired [[Finland]]-based Holiday Club Resorts for {{INR}} 600 crore.<ref>{{cite web|url=http://timesofindia.indiatimes.com/business/india-business/Mahindra-buys-Finnish-company-Holiday-Club-for-Rs-600-crore/articleshow/37987719.cms|title=Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India|url-status=live|archiveurl=https://web.archive.org/web/20170204163501/http://timesofindia.indiatimes.com/business/india-business/Mahindra-buys-Finnish-company-Holiday-Club-for-Rs-600-crore/articleshow/37987719.cms|archivedate=2017-02-04}}</ref>
*In 2015, MHRIL increased its stake in Holiday Club Resorts Oy to 88 percent.
*In 2016, MHRIL signed a pact to buy 12 percent stake in Nreach Online Services.<ref>{{cite web|title=Mahindra Holidays to acquire 12% stake in Nreach|url=http://www.business-standard.com/article/pti-stories/mahindra-holidays-to-acquire-12-stake-in-nreach-116100100663_1.html|url-status=live|archiveurl=https://web.archive.org/web/20171222053139/http://www.business-standard.com/article/pti-stories/mahindra-holidays-to-acquire-12-stake-in-nreach-116100100663_1.html|archivedate=2017-12-22}}</ref>
*In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.<ref>{{cite web|title=Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts|url=http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608|url-status=live|archiveurl=https://web.archive.org/web/20171222052114/http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608|archivedate=2017-12-22}}</ref>
*In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.<ref>{{cite web|title=Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts|url=http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107|url-status=live|archiveurl=https://web.archive.org/web/20171222051518/http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107|archivedate=2017-12-22}}</ref>
*In 2018, Suha Travel & Tours W.L.L<ref>{{Cite web |last=c |title=Club Mahindra |url=https://www.facebook.com/clubmahindra/photos/club-mahindra-now-enters-the-kingdom-of-bahrain-we-welcome-suha-travel-tours-abo/10155979642348303/ |url-status=dead}}</ref> Became The Official Distribution Partner In [[Bahrain|The Kingdom Of Bahrain]]

==References==
{{Reflist}}

{{Mahindra Group}}
{{Timeshare chains}}

[[Category:Companies based in Chennai]]
[[Category:Hospitality companies of India]]
[[Category:Mahindra Group]]
[[Category:Timeshare chains]]
[[Category:1996 establishments in Tamil Nadu]]
[[Category:Indian companies established in 1996]]
[[Category:Hospitality companies established in 1996]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Club Mahindra Holidays - Revision history

UpdateBot at 07:21, 30 May 2022