https://indianpedia.org/index.php?action=history&feed=atom&title=Indian_Hotels_Company_LimitedIndian Hotels Company Limited - Revision history2026-07-31T22:12:01ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Indian_Hotels_Company_Limited&diff=92351&oldid=prevCleanupBot at 18:03, 1 June 20212021-06-01T18:03:27Z<p></p>
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{{Infobox company<br />
| name = The Indian Hotels Company Limited<br />
| logo = Indian Hotels Company Limited logo.svg<br />
| type = [[Public company|Public]] <br />
| traded_as = {{BSE|500850}}<br />{{NSE|INDHOTEL}}<br />
| ISIN = INE053A01029<br />
| industry = [[Hospitality industry|Hospitality]]<br />
| products = [[Hotels]], [[resorts]] <br />
| founded = {{Start date and age|df=yes|1899}}<br />
| founder = [[Jamsetji Tata]]<br />
| hq_location = Express Towers, Nariman Point<br />
| hq_location_city = [[Mumbai]], [[Maharashtra]]<br />
| hq_location_country = India<br />
| key_people = {{Unbulleted list|N Chandrasekaran ([[chairman]])|Puneet Chhatwal (MD & [[CEO]])}}<br />
| revenue = {{INRConvert|4595|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/hotels/indianhotelscompany/IHC|title=The Indian Hotels CompanyLtd. Financial Statements |website=moneycontrol.com}}</ref><br />
| operating_income = {{INRConvert|736|c}} (2020)<ref name="Financials"/><br />
| net_income = {{INRConvert|350|c}} (2020)<ref name="Financials"/><br />
| assets = <br />
| equity = <br />
| num_employees = 33,797 (2020)<ref name="Financials"/> <br />
| parent = [[Tata Group]]<br />
| website = {{URL|https://www.ihcltata.com/}}<br />
}}<br />
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'''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. It is a subsidiary of the [[Tata Group]] conglomerate.<br />
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IHCL was founded in 1868 by Jamsetji Tata and is headquartered in [[Mumbai]], [[Maharashtra]]. It has more than 196 hotels in 80 locations across 4 continents and in 12 countries, with over 20,000 rooms and 25,000 employees.<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=878340|title=Company Overview of The Indian Hotels Company Limited|date=2018-08-13|website=Bloomberg|access-date=2018-08-13}}</ref><br />
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== History ==<br />
Jamsetji Tata, an Indian industrialist who founded the Tata Group, incorporated IHCL in 1899 and opened its first hotel—The Taj Mahal Palace in Mumbai, Maharashtra, India—in 1903. In the 1970s, IHCL expanded its operations by opening a Tower Wing to The Taj Mahal Palace, Mumbai, the Taj Fort Aguada, Goa and palaces such as Taj Lake Palace, Udaipur and Rambagh Palace, Jaipur. It also expanded outside India by launching Taj Pamodzi, Lusaka in Zambia.<ref>{{Cite news|url=https://www.thehindubusinessline.com/specials/rooms-with-a-view-of-history/article8981757.ece|title=Rooms with a view of history|work=@businessline|access-date=2018-08-13}}</ref><br />
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In 2004, IHCL launched its midscale hospitality brand, Ginger Hotels, followed by The Gateway Hotels and Resorts (upscale) in 2007 and Vivanta Hotels (upper upscale) in 2010.<ref>{{Cite web|url=http://www.forbesindia.com/printcontent/35111|title=Forbes India Magazine – Print|website=www.forbesindia.com|language=en|access-date=2018-08-13}}</ref><br />
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IHCL also operates TajSATS Air Catering Ltd, in a joint venture with SATS (formerly known as Singapore Airport Terminal Services).<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/tajsats-to-set-up-15-kitchens-at-rs-400-cr/articleshow/3127579.cms|title=TajSATS to set up 15 kitchens at Rs 400 cr|date=2008-06-14|work=The Economic Times|access-date=2018-08-13}}</ref><br />
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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.<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/ihcl-brings-all-its-hotels-under-single-brand/articleshow/57066275.cms|title=IHCL brings all its hotels under single brand|website=Indiatimes.com|date=9 February 2017|access-date=4 December 2019}}</ref><ref>{{cite web|url=https://www.livemint.com/Companies/tMeCYnPZ5v5zSe9rVmSeNK/Indian-Hotels-to-exit-from-Vivanta-and-Gateway-brands.html|title=Indian Hotels to exit Vivanta and Gateway brands, bring hotels under Taj fold|website=Livemint.com|date=9 February 2017|author=Bidya Sapam|access-date=4 December 2019}}</ref> 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".<ref>{{cite web|url=https://economictimes.indiatimes.com/news/company/corporate-trends/ihcl-faced-near-death-experience-due-to-acquisitions-cyrus-p-mistry-office/articleshow/60163272.cms|title=IHCL faced 'near-death experience' due to acquisitions: Cyrus P Mistry office|website=Indiatimes.com|date=22 August 2017|access-date=4 December 2019}}</ref> The unique brand decision was reversed in 2018.<ref>{{Cite news|url=http://www.dnaindia.com/business/report-dna-money-exclusive-ihcl-may-scrap-gateway-brand-merge-hotels-with-vivanta-2602962|title=DNA MONEY EXCLUSIVE: IHCL may scrap Gateway brand, merge hotels with Vivanta|date=2018-04-10|work=dna|access-date=2018-08-13|language=en-US}}</ref><br />
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In April 2018, the group opened its first location in [[Saudi Arabia]] through a partnership with the Umm al-Qura construction company.<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/ihcl-launches-first-taj-property-in-makkah/articleshow/63797166.cms|title=IHCL launches first Taj property in Makkah|website=Indiatimes.com|date=17 April 2018|author=Anumeha Chaturvedi|access-date=4 December 2019}}</ref> In April 2019, IHCL launched the hotel brand [[SeleQtions]] with 12 location openings.<ref>{{cite web|url=https://www.livemint.com/companies/news/ihcl-launches-brand-seleqtions-with-12-hotels-in-india-1554995156334.html|title=IHCL launches brand SeleQtions with 12 hotels in India|website=Livemint.com|date=11 April 2019|access-date=4 December 2019}}</ref> 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.<ref>{{cite web|url=https://www.hospitalitynet.org/news/4093420.html|title=IHCL and GIC Create a RS. 4000 Cr. / USD 600 Million Platform To Acquire Hotel Assets|website=Hospitalitynet.org|date=17 May 2019|access-date=4 December 2019}}</ref><ref>{{cite web|url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/ihcl-ties-up-with-singapores-gic-to-invest-rs-4000-cr-in-hotel-acquisitions/articleshow/69372804.cms|title=IHCL and GIC create Rs 4000 crore platform to acquire hotel assets|website=Indiatimes.com|date=18 May 2019|author=Anumeha Chaturvedi|access-date=4 December 2019}}</ref><br />
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== Brands ==<br />
*[[Taj Hotels|Taj]]: Luxury hotels with 47 hotels in 34 locations. Its portfolio consists of luxury hotels, resorts, jungle safaris and palaces.<br />
*[[Vivanta]]: Upscale hotels with 25 hotels in 20 locations.<br />
*[[Ginger Hotels|Ginger]]: Midscale hotels with 45 hotels in 32 locations.<ref>{{Cite news|url=https://www.dsij.in/DSIJArticleDetail/ArtMID/10163/ArticleID/2744/Ginger-Hotel-plans-to-sell-properties-to-become-asset-light|title=Ginger Hotel plans to sell properties to become asset-light|work=Dalal Street Investment Journal|access-date=2018-08-13|language=en-US}}</ref><br />
*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<ref>{{Cite news|url=http://bwhotelier.businessworld.in/article/Reimagining-the-Taj-culture-/03-07-2018-153810/|title=Reimagining the Taj culture!|work=BW Hotelier|access-date=2018-08-13|language=en}}</ref><br />
*The Gateway: Midscale hotels<ref>{{cite web |title=Our Hospitality Brands |url=https://www.theindianhotels.com/our-brands/ |publisher=The Indian Hotels Company Limited |access-date=26 October 2018}}</ref><br />
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== Governance ==<br />
* [[CEO]]: Puneet Chhatwal (since 2017)<ref>{{cite web|url=https://www.thehindubusinessline.com/companies/indian-hotels-company-appoints-puneet-chhatwal-as-md-and-ceo/article9835203.ece#|title=Indian Hotels Company appoints Puneet Chhatwal as MD and CEO|website=Thehindubusinessline.com|date=29 August 2017|access-date=4 December 2019}}</ref><br />
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== References ==<br />
{{reflist|2}}<br />
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== External links ==<br />
* {{official|https://www.ihcltata.com/}}<br />
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{{Tata Group}}<br />
{{Nifty 200 companies}}<br />
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[[Category:Companies based in Mumbai]]<br />
[[Category:Indian companies established in 1899]]<br />
[[Category:Hospitality companies established in 1899]]<br />
[[Category:Hospitality companies of India]]<br />
[[Category:Indian Hotels Company Limited]]<br />
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