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Indian Hotels Co Ltd

BSE Code : 500850 | NSE Symbol : INDHOTEL | ISIN:INE053A01029| SECTOR : Hotels & Restaurants |

NSE BSE
 
SMC down arrow

145.95

-2.25 (-1.52%) Volume 280564

04-Aug-2021 13:29:57

Prev. Close

148.20

Open Price

148.70

Bid Price (QTY)

145.90(133)

Offer Price (QTY)

145.95(233)

 

Today’s High/Low 149.20 - 145.60

52 wk High/Low 157.30 - 76.10

Key Stats

MARKET CAP (RS CR) 17618.86
P/E 0
BOOK VALUE (RS) 35.3865542
DIV (%) 40
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK 4.18661843034154
DIV YIELD.(%) 0.27
FACE VALUE (RS) 1
DELIVERABLES (%) 37.44
4

News & Announcements

03-Aug-2021

Indian Hotels Company schedules board meeting

27-Jul-2021

Indian Hotels Co Ltd - The Indian Hotels Company Limited - Updates

19-Jul-2021

Indian Hotels Co Ltd - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

19-Jul-2021

Indian Hotels Co Ltd - The Indian Hotels Company Limited - Loss of Share Certificates

03-Aug-2021

Indian Hotels Company schedules board meeting

07-Jul-2021

Indian Hotels Co allots NCDs aggregating Rs 250 cr

30-Jun-2021

Indian Hotels Co to raise Rs 250 cr via NCD issuance

25-Jun-2021

Indian Hotels Co to consider raising Rs 250 crore via NCD issuance

Corporate Actions

Bonus
Splits
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Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A B N Intercorp Ltd 532575 ABNINT
Advani Hotels & Resorts (India) Ltd 523269 ADVANIHOTR
Ambe Hotel & Resorts Ltd 531202
Apollo Sindoori Hotels Ltd 532752 APOLSINHOT
Arambhan Hospitality Services Ltd 539403
Aruna Hotels Ltd 500016 ARUNASUGAR
Asian Hotels (East) Ltd 533227 AHLEAST
Asian Hotels (North) Ltd 500023 ASIANHOTNR
Asian Hotels (West) Ltd 533221 AHLWEST
Associated Hotels Ltd 40375
Barbeque-Nation Hospitality Ltd 543283 BARBEQUE
Benares Hotels Ltd 509438
Benchmark Homes & Resorts Ltd (Merged) 526323
Best Eastern Hotels Ltd 508664
Bharat Hotels Ltd 508984 BHARATHOT
Blue Coast Hotels Ltd 531495 BLUECOAST
Burger King India Ltd 543248 BURGERKING
Care Institute of Medical Sciences Ltd(Merged) 523234
Chalet Hotels Ltd 542399 CHALET
CHL Ltd 532992
Cindrella Hotels Ltd 526373
CKP Leisure Ltd 535052 CKPLEISURE
Coffee Day Enterprises Ltd 539436 COFFEEDAY
Country Club Hospitality & Holidays Ltd 526550 CCHHL
Covelong Beach Hotel (India) Ltd 40164
Cross Country Hotels Ltd 526685
Dhanada Corporation Ltd 531198
Dolphin Hotels Ltd 509513
Eastern International Hotels Ltd 509531
EIH Associated Hotels Ltd 523127 EIHAHOTELS
EIH Ltd 500840 EIHOTEL
Empire Hotels & Resorts Ltd 509001
Fomento Resorts & Hotels Ltd 503831
Gandhinagar Enterprises Ltd 530237
GIR Natureview Resorts Ltd 532582 GIRRESORTS
Girish Hotel Resorts & Health Farm Ltd 530875
Golden Tourist Resort and Developers Ltd 531992
Graviss Hospitality Ltd 509546
Gujarat Hotels Ltd 507960
Gujarat JHM Hotels Ltd 523357
H. S. India Ltd 532145
HLV Ltd 500193 HLVLTD
Hotel Krishna International (India) Ltd 526475
Hotel Rugby Ltd 526683 HOTELRUGBY
Hotel Sree Krishna Ltd (Merged) 500194 HOTELSRKRI
Howard Hotels Ltd 526761
Ideal Hotels & Industries Ltd 531424
Iggi Highway Motels Ltd 531421
IGGI Resorts International Ltd 526165 IGGIRESORT
India Tourism Development Corporation Ltd 532189 ITDC
Indian Resort Hotels Ltd(merged) 509706
ITC Hotels Ltd (Merged) 500216 ITCHOTEL
Jain Farms & Resorts Ltd 40217
James Hotels Ltd 526558
Jaykay Dee Resorts & Investments Ltd 40367
Jaypee Hotels Ltd(merged) 590027 JAYPEEHOT
Jindal Hotels Ltd 507981
Joymat Hotel Resorts Ltd (Wound-up) 530353
Kamat Hotels (India) Ltd 526668 KAMATHOTEL
KDJ Holidayscapes & Resorts Ltd 530701
KHFM Hospitality & Facility Mgt. Services Ltd 535159 KHFM
Le Waterina Resorts & Hotels Ltd 531134
Lemon Tree Hotels Ltd 541233 LEMONTREE
Lords Ishwar Hotels Ltd 530065
Mac Charles (India) Ltd 507836
Mac Hotels Ltd 541973
Mahindra Holidays & Resorts India Ltd 533088 MHRIL
Mansingh Hotels & Resorts Ltd 40236
Moulik Finance & Resort Ltd 530893
Neelkanth Motel & Hotels Ltd 526391
Om Sindoori Hotels Ltd 507931
Oriental Hotels Ltd 500314 ORIENTHOT
Pan India Resort & Devp Ltd 531520
Panchvati Holiday Resort Ltd 532109
Pecos Hotels & Pubs Ltd 539273
Phoenix Township Ltd 537839
Polo Hotels Ltd 526687
Rajendra Caterers & Confectioners Ltd 526833
Ras Resorts & Apart Hotels Ltd 507966
Reliable Ventures India Ltd 532124
Roopshri Resorts Ltd 542599
Royal Orchid Hotels Ltd 532699 ROHLTD
Royale Manor Hotels & Industries Ltd 526640
Sagar Tourist Resorts Ltd 526085
Savera Industries Ltd 512634 SAVERA
Sayaji Hotels Ltd 523710 SAYAJIHOTL
Shivgarh Resorts Ltd 532013
Sinclairs Hotels Ltd 523023
Speciality Restaurants Ltd 534425 SPECIALITY
Sterling Green Woods Ltd 526500
Sterling Holiday Resorts (India) Ltd 523363 STERLINHOL
Sterling Resorts and Hotels (India) Ltd(Merged) 523816
Suman Motels Ltd 523295 SUMANMOTEL
Sunlake Resort & Hotels Ltd 531295
TajGVK Hotels & Resorts Ltd 532390 TAJGVK
TGB Banquets & Hotels Ltd 532845 TGBHOTELS
The Byke Hospitality Ltd 531373 BYKE
Tulip Star Hotels Ltd 531088
U G Hotels and Resorts Ltd 526463
U P Hotels Ltd 509960
Velan Hotels Ltd 526755
Viceroy Hotels Ltd 523796 VICEROY
Vidli Restaurants Ltd 539659
Westlife Development Ltd 505533 WESTLIFE
Woodsvilla Ltd 526959

Share Holding

Category No. of shares Percentage
Total Foreign 158129975 13.30
Total Institutions 331215922 27.85
Total Govt Holding 1606488 0.14
Total Non Promoter Corporate Holding 14363916 1.21
Total Promoters 484642250 40.75
Total Public & others 199299894 16.75
Total 1189258445 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Indian Hotels Co Ltd

Indian Hotels Company Ltd (IHCL) and their subsidiaries are collectively known as Taj Hotels Resorts and Palaces and are recognized as one of Asia's largest and finest hotel company. The company together with their subsidiaries and their jointly controlled entities is engaged in the business of hoteliering. The inventory of the Taj Group of Hotels stands at 145 hotels with 17,145 rooms. The Group's portfolio also includes 42 hotels under the Ginger brand, which has an aggregate inventory of 3,763 rooms. The company as on 31 March 2018 has 21 Subsidiaries, 8 Joint Ventures and 6 Associates. Indian Hotels Company Ltd was incorporated in the year 1902. In the year 1903, the company opened their first hotel, The Taj Mahal Palace & Tower, Mumbai. The company then undertook major expansion of The Taj Mahal Palace & Tower, Mumbai by constructing an adjacent tower block and increasing the number of rooms from 225 to 565 rooms. With the completion of its initial public offering in the early 1970s, the company began a long term programme of geographic expansion and development of new tourist destinations in India which led to their emergence as a leading hotel chain in India. From the 1970s to the present day, the Taj Group has played an important role in launching several of India's key tourist destinations, working in close association with the Indian Government. The company was active in converting former royal palaces in India into world class luxury hotels such as the Taj Lake Palace in Udaipur, the Rambagh Palace in Jaipur and Umaid Bhawan Palace in Jodhpur. In the year 1974, the Taj Group opened India's first international five star deluxe beach resort, the Fort Aguada Beach Resort in Goa. Also, they opened five-star deluxe hotel Taj Coromandel in Chennai. In the year 1977, they acquired an equity interest and operating contract for the Taj President, a business hotel in Mumbai. In the year 1978, they opened the Taj Mahal Hotel in Delhi. In the year 1980, the Taj Group took their first step internationally by opening their first hotel outside India, the Taj Sheba Hotel in Sana'a, Yemen. Also, they acquired interests in the Crown Plaza - James Court, London and 51 Buckingham Gate Luxury Suites and Apartments in London. In the year 1984, the Taj Group acquired under a license agreement each of The Taj West End, Bangalore, Taj Connemara, Chennai and Savoy Hotel, Ooty. In the year 1989, the company opened the five-star deluxe hotel, Taj Bengal in Kolkata. With this opening, the Taj Group became the only hotel chain with a presence in the five major metropolitan cities of Mumbai, Delhi, Kolkatta, Bangalore and Chennai. In the year 1990, the company set up Taj Kerala Hotels & Resorts Ltd along with the Kerala Tourism Development Corporation. In the year 1998, they opened the Taj Exotica Bentota which strengthened the Taj Group's market position in Sri Lanka. In the year 2000, the company entered into a partnership with the GVK Reddy Group to set up Taj GVK Hotels and Resorts Ltd and thereby obtained a prominent position in the market in the southern business city of Hyderabad, holding three hotels and a major share of the market. In the year 2001, the company took on the management contract of Taj Palace Hotel, Dubai, and established themselves as an up-market hotel in the Middle East region. In September 2002, the company acquired equity interest in the former Regent Hotel in Bandra which gave the Taj Group access to the midtown and North Mumbai market. The hotel has since been renamed as the Taj Lands End, Mumbai. In October 2002, the company obtained licenses to manage and operate two leisure hotels, the Rawal-Kot, Jaisalmer and Usha Kiran Palace, Gwalior. In the year 2003, the company celebrated the centenary of the opening of their Flagship hotel, the Taj Mahal Palace & Tower, Mumbai. In the year 2004, they opened Wellington Mews, their first luxury serviced apartment in Mumbai. Also, they launched the first of its 'value-for-money' hotels in Bangalore branded 'Ginger', which has 11 hotels in various locations in India and is owned through their wholly owned subsidiary. In the year 2005, the company acquired on lease The Pierre, a renowned hotel in New York City, to enter the luxury end of the developed hotel markets internationally. The company entered into a management contract for Taj Exotica in Palm Island Jumeirah in Dubai to expand their existing presence in the United Arab Emirates. The company enhanced their position as an operator of converted palaces by entering into a management contract for Umaid Bhawan Palace, Jodhpur in the princely state of Rajasthan in India. In February 2006, the company, through a subsidiary, acquired the erstwhile 'W' hotel in Sydney, Australia and renamed it as 'Blue, Woolloomooloo Bay'. In October 2006, as per the scheme of arrangement, Indian Resorts Hotel Ltd, Gateway Hotels and Getaway Resorts Ltd, Kuteeram Resorts Pvt Ltd, Asia Pacific Hotels Ltd and Taj Lands End Ltd were amalgamated with the company. In the year 2007, the company acquired Ritz Carlton in Boston and Taj Campton Place in San Francisco to expand their presence in the US market. They commenced operation of their second wildlife lodge at Baghvan, Pench. In the year 2008, the company partnered with Saraya Islands to Operate Taj Exotica Hotel in Ras Al Khaimah, United Arab Emirates. They joined hands with Tashi Group to create the new benchmark for premium hotels in Bhutan - Taj Tashi Bhutan. The company and ALDAR Hotels and Hospitality entered an exclusive agreement involving a number of hotel projects. The first hotel to be developed by ALDAR Hotels and Hospitality under the agreement is a five-star, 500 room luxury resort hotel which will be in a spectacular waterfront location on ALDAR's mega entertainment destination, YAS Island. During the year, the company launched The Jiva Spa Boat at Taj Lake Palace, Udaipur. The Gateway Hotel Athwa Lines Surat added a new block of rooms to take up their inventory to 208 making it the largest hotel in Gujarat. It also launched three brand new restaurants - 'Flow' the all day dining restaurant, 'Spice' an Indian specialty restaurant and 'T3' a Tea lounge and Deli. They unveiled a new world-class premium hotel in Chennai - Taj Mount Road. In December 21, 2008, The Taj Mahal Palace & Tower reopened the rooms in the The Taj Mahal Tower. During the year 2009-10, the company added seven new hotels in the Taj portfolio which included Vivanta by Taj at Panaji, Goa and The Gateway Hotel, Jodhpur apart from the 5 Ginger hotels at Durg, Guwahati, Pune, Jamshedpur and Surat. Vivanta by Taj Coral Reef, Maldives and The Pierre, New York were also reopened during the year after extensive renovations. The inventory of the Taj Group now stands at 103 hotels with 12243 rooms. On the international front, Taj Cape Town, South Africa was soft opened in February, 2010 with an inventory of 166 rooms. The company added another significant hotel to their Luxury portfolio, with the opening of the TAJ Cape Town and Banjar Tola, Kanha. These hotels are owned by the associate companies and are under a management contract with the company. During the year, the company acquired the erstwhile 'Sea Rock' hotel at Bandra Bandstand, Mumbai. The company acquired land on lease from the Government of Andaman & Nicobar Islands to set up the first 5-Star Luxury resort on Havelock Island. Also, the company through one of their associate companies entered into a lease agreement with the Punjab Government for a land parcel in Amritsar to develop a Vivanta by Taj hotel. The company through their subsidiary, invested into developing a 'Vivanta by Taj' resort at Coorg. The company also entered into management contracts for several properties in India which will commence operation over the next few years. New Management contracts have been signed for a Vivanta by Taj resort in Srinagar and for Gateway hotels in Bhandup (Mumbai), Shirdi (Near Nashik) and Ludhiana. During the year 2010-11, the fully restored heritage block of the Taj Mahal Palace, Mumbai reopened its doors to guests on August 15, 2010. The spectacular Falaknuma Palace, another signifi cant addition to the company's Palaces portfolio was opened in November, 2010. Four new Ginger hotels at Manesar, Chennai, East Delhi and Indore commenced operations during the year. The company ventured into new geographies by entering into management contracts in Mexico and British Virgin Islands for development of high end Luxury Resorts with 100 and 206 keys respectively. The company also signed a management contract for establishing a Taj Luxury Hotel in Marrakech, Morocco, which is expected to open by the last quarter of 2011. The company continued their thrust on flagging properties under the 'Gateway' brand in prominent economic, commercial and industrial centres of India by signing management contracts for hotels in Chandigarh, Ludhiana and Kolhapur. The company also signed management contracts in leisure destinations such as Shimla and Rishikesh for a Gateway and Vivanta by Taj resort respectively. Furthermore, the company entered into MOUs for Gateway Hotels in Chiplun, Maharashtra and in Faridabad, NCR. The company invested through one of their subsidiaries in 'Vivanta by Taj' resort at Coorg, which is scheduled to open by end of 2011. The resort shall be operated by the company on a management contract basis. Of the 64 room expansion of Vivanta by Taj Fisherman's Cove hotel in Chennai, 48 rooms are currently operational and work on the balance 16 rooms is in progress. Vivanta by Taj hotels in Coimbatore and Hyderabad being developed by the company's associates are expected to open during the current financial year. In April 2011, the company made a foray into one of India's most beautiful destinations, Jammu & Kashmir by opening an 89 room Vivanta by Taj resort in Srinagar. The Vivanta by Taj projects in Bekal, Gurgaon and The Gateway Hotel in Kolkata are expected to open during the current financial year. In 2012, Tata Group-led Indian Hotels Company Ltd (IHCL) has made an unsolicited bid of USD 1.42 billion for Orient-Express Hotels, a US-based luxury hotels group. In 2013, the Delhi Development Authority (DDA) has renewed the lease of Taj Palace Hotel for another 25 years. The Taj Mahal Hotel, New Delhi has been awarded the 2013 certificate of Excellence by Tripadvisor. The Taj Falaknuma Palace, Hyderabad won 2nd place in the 'Best Overseas Holiday Hotels in Asia and India' category at the Conde Nast Traveller UK Readers' Travel Awards 2013. It also ranked 37th on the list of the 'World's Top 100 Hotel. Taj Hotels Resorts & Palaces won the award for the Best Hotel Chain in India at the UK Business Traveller Awards 2013. In 2014, the Taj Mahal Palace, Mumbai was named the Best Overseas Business Hotel with a score of 91 at the Conde Nast Traveller UK Readers' Travel Awards 2014. Taj Falaknuma Palace, Hyderabad ranked 5th on the list of World's Best Hotels in Asia & India with a score of 89.72 at the Conde Nast Traveller UK Readers' Travel Awards 2014. Rambagh Palace, Jaipur ranked 11th on the list of World's Best Hotels in Asia & India with a score of 84.11 at the Conde Nast Traveller UK Readers' Travel Awards 2014. Souk at The Taj Mahal Palace, Mumbai earned the Wine Spectator Award 2014 Taj Mahal Hotel, Delhi's iconic restaurant Varq has been voted 36th on the San Pellegrino's list of 50 Best Restaurants in Asia. In 2015, Thai Pavilion at Vivanta by Taj - President, Mumbai, was declared the best Fine Dining Thai Cuisine Restaurant in South Mumbai at the Times Food & Nightlife Awards 2015. Konkan Cafe at Vivanta by Taj - President, Mumbai, was declared the best Casual Dining South Indian and Coastal Restaurant in South Mumbai at the Times Food & Nightlife Awards 2015. Trattoria at Vivanta by Taj - President, Mumbai, was declared the Best Casual Dining 24-hr restaurant as well as Best Italian Restaurant in South Mumbai at the Times Food & Nightlife Awards 2015. During 2015-2016, the company based on an approval of the Board of Directors and The Reserve Bank of India and also Recognizing the importance of restructuring its international investments, had embarked on an international restructuring plan to have a simplified structure with one Apex Holding Company which would consolidate the value of material overseas assets under a single overseas entity. This would enhance the Company's fund raising ability and the value of underlying assets would be appropriately reflected in the Company's books along with achieving efficiency in debt service due to bigger size of holding Company and larger up-streaming to one apex Company. IHOCO BV, the 100 % offshore subsidiary Company has since become the Company's apex offshore investment holding Company. Holdings in the, USA, UK, Sri Lanka, Maldives hotels and the two London restaurants have been shifted to IHOCO BV. Thus, eight owned hotels (1584 rooms) and two UK restaurants are now being held through IHOCO BV. The conclusion of the restructuring marks a significant milestone in your Company's ability to facilitate potential value creation. The Board of Directors of the Company as part of its restructuring plan, at a meeting held on October 19, 2015, approved the amalgamation of International Hotel Management Services LLC (formerly known as International Hotel Management Services Inc.), a wholly held subsidiary ('Transferor Company') into the Company, by way of a Scheme of Arrangement amongst the Company, the Transferor Company, and the respective shareholders and creditors (the 'Scheme'), as provided under Sections 391 to 394 of the Companies Act, 1956 read with Section 52 of the Act, Section 78 and Sections 100 to 103 of the Companies Act, 1956. The appointed date for the Scheme is January 1, 2016. The intended amalgamation has been approved by the Members at the meeting convened on May 4, 2016, on the direction of the Honourable High Court of Judicature at Bombay ('Bombay High Court') where the application seeking permission for the amalgamation was filed. Sea Rock Asset, a Marquee site was pursued by the company as part of its drive to further enhance its existing portfolio of exclusive assets in Mumbai.The company has first purchased the balance 80.1% in Lands End Properties Private Limited from the other shareholders and thereafter is seeking to amalgamate Lands End Properties Private Limited with itself. Consequently, the step down subsidiaries of Lands End Properties Private Limited viz. Skydeck Properties and Developers Private Limited, Sheena Investments Private Limited, Luthria and Lalchandani Hotel and Properties Private Limited and ELEL Hotels and Investments Limited have also become subsidiaries of the Company. The Board of Directors at a meeting held on October 19, 2015 has approved amalgamation of Lands End Properties Private Limited, a wholly held subsidiary ('Transferor Company') into the Company, by way of a Scheme of Arrangement amongst the Company, the Transferor Company, and the respective shareholders and creditors (the 'Scheme'), as provided under Sections 391 to 394 of the Companies Act, 1956 read with Section 52 of the Act, section 78 and Sections 100 to 103 of the Companies Act, 1956. The appointed date for the Scheme is March 31, 2016. The intended amalgamation has been approved by the Members of the Company at the meeting convened on May 4, 2016, on the direction of the Honourable High Court of Judicature at Bombay ('Bombay High Court') where the application seeking permission for the amalgamation has been filed. During 2015-2016, the Board of Directors of the company has also accorded its approval to allow United Overseas Holding Inc (UOH), an indirect Wholly Owned Subsidiary of the Company in the United States, to pursue the option of divestment of the Taj Boston hotel at a consideration not being lower than USD 125 million (US Dollars One Hundred and Twenty Five Million),whilst retaining brand presence on the property through Management Services Agreemen, subject to approval of members. During 2016-2017, under review, Lands Ends Properties Pvt Ltd and International Hotel Management Services LLC ceased to be subsidiaries of the Company pursuant to their amalgamation with the Company, i.e. w.e.f from December 19, 2016 and September 29, 2016, respectively. The Bombay High Court vide its order dated August 12, 2016 had approved the Scheme of Amalgamation of International Hotel Management Services LLC, which had been filed with the jurisdictional Registrar of Companies on September 15, 2016. The Bombay High Court vide its order dated October 13, 2016 has also approved the scheme of arrangement between Land End Properties Pvt Ltd and the Company. Pursuant thereto, the High Court orders were filed with the jurisdictional Registrar of Companies on December 7, 2016 for reduction of capital of the Company and on December 9, 2016 in respect of the Scheme. Apex Hotel Management Services (Australia) Pty Ltd ceased to be a subsidiary of the Company w.e.f. March 31, 2017. During 2016-2017, the company subsequently, obtained the Members approval for the same by a Special Resolution vide Postal Ballot. Accordingly, UOH effected on July 12, 2016, the divestment of the Hotel through sale of the entire issued and outstanding LLC interests of IHMS (Boston) LLC held by UOH, to AS Holdings LLC, Boston', for an aggregate consideration of US$ 125 million (US$ One hundred and twenty five million only). Pursuant to the sale by UOH of its entire LLC interest in IHMS (Boston) LLC, the owning company of the Hotel, the Hotel continues to be operated and managed by IHMS (USA) LLC, an indirect wholly held subsidiary of the Company. IHMS (USA) LLC has entered into a Management Services Agreement with the new owning company, thus ensuring continuity of Taj's presence in the Boston market. At a meeting held on 26 May 2017, the Board of Directors of Indian Hotels Company approved the amalgamation of TIFCO, a wholly owned subsidiary of the company with the company, by way of a Scheme of Amalgamation between TIFCO and the company (the Scheme). The appointed date for the Scheme was 1 April 2017. The National Company Law Tribunal, Mumbai Bench (NCLT) vide its order dated 8 March 2018 approved the Scheme. In accordance with the terms of the Scheme, TIFCO was amalgamated with the company with effect from the Appointed Date i.e. 1 April 2017 and consequently, TIFCO stands dissolved without winding up. Pursuant to the amalgamation, Indian Hotels Company has access to significant liquid assets of TIFCO in the form of cash, Mutual Fund investments and Inter-Corporate Deposits which can be put to better and more profitable use by the company. The aggregate free reserves of the company have increased by about Rs 140 crore thereby enhancing the company's ability to pay dividend to its shareholders. In October 2017, Indian Hotels raised Rs 1500 crore from a rights issue of equity shares in the ratio of 1 equity share for every 5 fully paid-up equity shares held by the eligible equity shareholders as on the record date. The rights issue was priced at Rs 75 per share. During the financial year ended 31 March 2018, Indian Hotels Company incurred Rs 311.33 crore towards capital expenditure, a majority of which was towards Taj Exotica Resort & Spa, Andamans and renovations and refurbishments of hotels. Other areas of investment included new Information Technology initiatives. During the year, the company opened ten hotels (697 keys). It opened the iconic Taj in Andamans and 9 Ginger hotels in some of India's key cities like Mumbai, Gurgaon, Lucknow, Ahmedabad, Vadodara, Aurangabad and Goa. The company signed five new hotels across its brands in the financial year - a Taj hotel in Vikhroli in Mumbai, Vivanta in Bhopal and three Ginger hotels in Lucknow, Vadodara and Goa. The company undertook a phased renovation, renovated 800 rooms and other facilities at several of its landmark hotels including the iconic flagship hotel The Taj Mahal Palace, Mumbai, Taj Lands End, Mumbai, Taj Bengal, Kolkata, Taj Exotica Resort & Spa, Goa and Taj Fort Aguada Resort & Spa, Goa. This has delivered world class products, augmented in-room features and refreshed and vibrant culinary destinations. On 16 February 2018, Indian Hotels Company unveiled a comprehensive five-year business strategy, Aspiration 2022' at the Capital Market Day. The strategy aims to strengthen market leadership and achieve transformative growth leading to greater profitability. Key tenets of the plan include unlocking value from efficiencies in scale and simplifying the holding structure for greater profitability.

Indian Hotels Co Ltd Chairman Speech

Dear Stakeholders,

For the travel and tourism sector, the end of the decade saw greater emphasis on the industry as a significant contributor to the overall global economy and employment. A strong economy, rising global consumer purchasing power and digital disruption was paving the way for a bright future, and FY 2019/2020 was, in fact, a tipping point, presenting tremendous potential for the sector.

However, this buoyant sentiment was upended by a sudden outbreak of a pandemic that has had no parallels in recent history in terms of scale and impact. The world was placed under suspended animation, and the industry was brought to a halt, with estimated losses at trillions and millions of jobs at risk. With the very foundation of the world altered, the need of the hour is to see our industry, and IHCL, through the crisis with greater urgency, revised strategy and more agility (stragility).

It also calls for a greater need for communities to unite and support one another in this time of need. Guided by our values as a Tata company, our priority besides ensuring the safety and security of our guests and employees, was to help the community in any manner we could. We are humbled to have been given the opportunity to be of service to the nation by providing over 2 Million meals to healthcare workers and migrant labourers throughout the lockdown. Some of our hotels were also offered to doctors and healthcare workers, while some were converted into quarantine facilities.

A SILVER LINING - EVERY CRISIS ALSO PRESENTS AN OPPORTUNITY

The travel and tourism industry accounts for 10% of the global GDP and generates 1 out of 10 jobs. In India, it is a significant contributor to GDP and also contributes 8.1% to the overall workforce. Thus, given its significance, the industry will have a crucial role to play in any economic revival and with tourism likely to look inwards in the new normal, India is well placed with its rich heritage and cultural diversity.

With a 116-year legacy honed by Tata values, our ability to consistently deliver industry-leading growth while maintaining profitability and balance sheet strength, combined with our business sense and thrift, makes us resilient to disruptive challenges.

Change breeds innovation and in light of the current global scenario, at IHCL, we have detailed a comprehensive five- point strategy - R.E.S.E.T 2020. This will not only cater to the rapidly changing market conditions, shifting government policies and dynamic customer needs, but will also focus on re-imagining business models, implementing various operational excellence interventions required for safety and hygiene, revenue enhancement and creating alternative sources of revenue through our well established hospitality eco-system, cost optimisation and other measures through utmost financial prudence.

SUSTAINABILITY LED BY PROFITABILITY

The relentless pursuit of our five-year strategy - Aspiration 2022 - has enabled us to deliver nine quarters of profitable growth in a row. In FY 2019-20, we recorded the highest full-year PAT at Rs 354 Crore, up 24% Y-O-Y; the highest full- year EBITDA at Rs 1,100 Crore, up 20%; and a 406-basis-point expansion in EBITDA margin. Our balance sheet was further strengthened by lowering net debt-to-EBITDA to 1.74.

We have made significant inroads in meeting our defined objectives within two years of outlining our aspirations. In order to drive asset-light growth, we have restructured our portfolio, with management contracts now accounting for 42%. We have signed over 50 new hotels in the past two years, reaching a milestone of 200 hotels with 25,000+ rooms across 100+ locations (excluding ama Stays and Trails) - 29 hotels were signed in the last fiscal alone.

STRONG BRAND VALUE

The overall positive outcome was further accelerated by Taj being rated as India's Strongest Brand in Brand Finance's Brand Value Report - 'India 100 2020' report recently.

With a brand strength index (BSI) score of 90.5 out of 100 and AAA+ brand strength rating, it is a matter of pride, and has further reinforced the brand's resonance and trust among all our stakeholders.

RE-IMAGINING AND CONSOLIDATING OUR HOSPITALITY ECOSYSTEM

Even as we adapt to the new normal, we will continue to re-imagine our multi-product, multi-segment brandscape to transform from a hotels business to a hospitality ecosystem. Our new brand - SeleQtions - along with the expansion of ama Stays & Trails across offbeat locations, offers distinct value propositions across demographics. The repositioned Ginger recorded the highest number of rooms signed under any brand in India in FY 2019-20, and reached a milestone with the opening of the 50th Ginger hotel in Surat.

Our ancillary service brands perfectly complement our hospitality brands. The Chambers - Taj's exclusive business club - was relaunched with enhanced features and over 100 new members. In order to capture diverse customer segments, we launched our salon brand, niu&nau; and re-designed our F&B offerings with the recent launch of Qmin, a repertoire of culinary experiences. An exclusive partnership with AB InBev, for an industry first on-site chain of microbreweries, will see the first 7 Rivers brewpub open at Taj MG Road in Bengaluru, shortly.

We also tied up with globally acclaimed Italian restaurant chain, Paper Moon - its first restaurant in India is due to launch in Goa.

We opened 12 hotels including Taj Fateh Prakash Palace in Udaipur; Taj Jumeirah Lakes Towers in Dubai; Taj Tirupati - strengthening our presence in spiritual tourism; Taj Hotel & Convention Centre Goa - the largest convention venue in the state with Cidade De Goa - IHCL SeleQtions; Devi Ratn - IHCL SeleQtions in Jaipur and Ginger Surat. We also augmented our development portfolio with multiple signings in the North East, Haridwar, Thiruvananthapuram and Bhubaneshwar, while readying the launch of a Vivanta prototype in Bengaluru.

TAJNESS - A COMMITMENT RESTRENGTHENED

As we slowly but steadily embark on the path to recovery, our hotels stand prepared to welcome guests back with an enhanced focus on hygiene and safety through exacting protocols delivered with a renewed and restrengthened commitment to Tajness.

LOOKING AHEAD

Although the new decade has begun on a challenging note, history is testament to the resilience our company has demonstrated in the face of adversity. We are confident that we will emerge stronger and more unified than ever. We will also have the opportunity to create a more positive impact and reshape the world together, making it a better place for all who inhabit it.

Sustainability will remain at the core of all that we do. We will continue to give back to society by enabling livelihoods through skilling, leverage our business value chain to support traditional art and heritage, drive societal welfare through the Taj Public Welfare Trust, and carry out responsible sourcing of local products and materials.

Guided by our values of Trust, Awareness and Joy, we remain committed to deepening our collaborations, and driving business performance in a responsible manner. This will, of course, be impossible without the continued support of our patrons, investors, employees and other stakeholders.

I thank you all for being the strongest pillars of our success.

Best Regards,

Puneet Chhatwal

Managing Director and CEO

   

Indian Hotels Co Ltd Company History

Indian Hotels Company Ltd (IHCL) and their subsidiaries are collectively known as Taj Hotels Resorts and Palaces and are recognized as one of Asia's largest and finest hotel company. The company together with their subsidiaries and their jointly controlled entities is engaged in the business of hoteliering. The inventory of the Taj Group of Hotels stands at 145 hotels with 17,145 rooms. The Group's portfolio also includes 42 hotels under the Ginger brand, which has an aggregate inventory of 3,763 rooms. The company as on 31 March 2018 has 21 Subsidiaries, 8 Joint Ventures and 6 Associates. Indian Hotels Company Ltd was incorporated in the year 1902. In the year 1903, the company opened their first hotel, The Taj Mahal Palace & Tower, Mumbai. The company then undertook major expansion of The Taj Mahal Palace & Tower, Mumbai by constructing an adjacent tower block and increasing the number of rooms from 225 to 565 rooms. With the completion of its initial public offering in the early 1970s, the company began a long term programme of geographic expansion and development of new tourist destinations in India which led to their emergence as a leading hotel chain in India. From the 1970s to the present day, the Taj Group has played an important role in launching several of India's key tourist destinations, working in close association with the Indian Government. The company was active in converting former royal palaces in India into world class luxury hotels such as the Taj Lake Palace in Udaipur, the Rambagh Palace in Jaipur and Umaid Bhawan Palace in Jodhpur. In the year 1974, the Taj Group opened India's first international five star deluxe beach resort, the Fort Aguada Beach Resort in Goa. Also, they opened five-star deluxe hotel Taj Coromandel in Chennai. In the year 1977, they acquired an equity interest and operating contract for the Taj President, a business hotel in Mumbai. In the year 1978, they opened the Taj Mahal Hotel in Delhi. In the year 1980, the Taj Group took their first step internationally by opening their first hotel outside India, the Taj Sheba Hotel in Sana'a, Yemen. Also, they acquired interests in the Crown Plaza - James Court, London and 51 Buckingham Gate Luxury Suites and Apartments in London. In the year 1984, the Taj Group acquired under a license agreement each of The Taj West End, Bangalore, Taj Connemara, Chennai and Savoy Hotel, Ooty. In the year 1989, the company opened the five-star deluxe hotel, Taj Bengal in Kolkata. With this opening, the Taj Group became the only hotel chain with a presence in the five major metropolitan cities of Mumbai, Delhi, Kolkatta, Bangalore and Chennai. In the year 1990, the company set up Taj Kerala Hotels & Resorts Ltd along with the Kerala Tourism Development Corporation. In the year 1998, they opened the Taj Exotica Bentota which strengthened the Taj Group's market position in Sri Lanka. In the year 2000, the company entered into a partnership with the GVK Reddy Group to set up Taj GVK Hotels and Resorts Ltd and thereby obtained a prominent position in the market in the southern business city of Hyderabad, holding three hotels and a major share of the market. In the year 2001, the company took on the management contract of Taj Palace Hotel, Dubai, and established themselves as an up-market hotel in the Middle East region. In September 2002, the company acquired equity interest in the former Regent Hotel in Bandra which gave the Taj Group access to the midtown and North Mumbai market. The hotel has since been renamed as the Taj Lands End, Mumbai. In October 2002, the company obtained licenses to manage and operate two leisure hotels, the Rawal-Kot, Jaisalmer and Usha Kiran Palace, Gwalior. In the year 2003, the company celebrated the centenary of the opening of their Flagship hotel, the Taj Mahal Palace & Tower, Mumbai. In the year 2004, they opened Wellington Mews, their first luxury serviced apartment in Mumbai. Also, they launched the first of its 'value-for-money' hotels in Bangalore branded 'Ginger', which has 11 hotels in various locations in India and is owned through their wholly owned subsidiary. In the year 2005, the company acquired on lease The Pierre, a renowned hotel in New York City, to enter the luxury end of the developed hotel markets internationally. The company entered into a management contract for Taj Exotica in Palm Island Jumeirah in Dubai to expand their existing presence in the United Arab Emirates. The company enhanced their position as an operator of converted palaces by entering into a management contract for Umaid Bhawan Palace, Jodhpur in the princely state of Rajasthan in India. In February 2006, the company, through a subsidiary, acquired the erstwhile 'W' hotel in Sydney, Australia and renamed it as 'Blue, Woolloomooloo Bay'. In October 2006, as per the scheme of arrangement, Indian Resorts Hotel Ltd, Gateway Hotels and Getaway Resorts Ltd, Kuteeram Resorts Pvt Ltd, Asia Pacific Hotels Ltd and Taj Lands End Ltd were amalgamated with the company. In the year 2007, the company acquired Ritz Carlton in Boston and Taj Campton Place in San Francisco to expand their presence in the US market. They commenced operation of their second wildlife lodge at Baghvan, Pench. In the year 2008, the company partnered with Saraya Islands to Operate Taj Exotica Hotel in Ras Al Khaimah, United Arab Emirates. They joined hands with Tashi Group to create the new benchmark for premium hotels in Bhutan - Taj Tashi Bhutan. The company and ALDAR Hotels and Hospitality entered an exclusive agreement involving a number of hotel projects. The first hotel to be developed by ALDAR Hotels and Hospitality under the agreement is a five-star, 500 room luxury resort hotel which will be in a spectacular waterfront location on ALDAR's mega entertainment destination, YAS Island. During the year, the company launched The Jiva Spa Boat at Taj Lake Palace, Udaipur. The Gateway Hotel Athwa Lines Surat added a new block of rooms to take up their inventory to 208 making it the largest hotel in Gujarat. It also launched three brand new restaurants - 'Flow' the all day dining restaurant, 'Spice' an Indian specialty restaurant and 'T3' a Tea lounge and Deli. They unveiled a new world-class premium hotel in Chennai - Taj Mount Road. In December 21, 2008, The Taj Mahal Palace & Tower reopened the rooms in the The Taj Mahal Tower. During the year 2009-10, the company added seven new hotels in the Taj portfolio which included Vivanta by Taj at Panaji, Goa and The Gateway Hotel, Jodhpur apart from the 5 Ginger hotels at Durg, Guwahati, Pune, Jamshedpur and Surat. Vivanta by Taj Coral Reef, Maldives and The Pierre, New York were also reopened during the year after extensive renovations. The inventory of the Taj Group now stands at 103 hotels with 12243 rooms. On the international front, Taj Cape Town, South Africa was soft opened in February, 2010 with an inventory of 166 rooms. The company added another significant hotel to their Luxury portfolio, with the opening of the TAJ Cape Town and Banjar Tola, Kanha. These hotels are owned by the associate companies and are under a management contract with the company. During the year, the company acquired the erstwhile 'Sea Rock' hotel at Bandra Bandstand, Mumbai. The company acquired land on lease from the Government of Andaman & Nicobar Islands to set up the first 5-Star Luxury resort on Havelock Island. Also, the company through one of their associate companies entered into a lease agreement with the Punjab Government for a land parcel in Amritsar to develop a Vivanta by Taj hotel. The company through their subsidiary, invested into developing a 'Vivanta by Taj' resort at Coorg. The company also entered into management contracts for several properties in India which will commence operation over the next few years. New Management contracts have been signed for a Vivanta by Taj resort in Srinagar and for Gateway hotels in Bhandup (Mumbai), Shirdi (Near Nashik) and Ludhiana. During the year 2010-11, the fully restored heritage block of the Taj Mahal Palace, Mumbai reopened its doors to guests on August 15, 2010. The spectacular Falaknuma Palace, another signifi cant addition to the company's Palaces portfolio was opened in November, 2010. Four new Ginger hotels at Manesar, Chennai, East Delhi and Indore commenced operations during the year. The company ventured into new geographies by entering into management contracts in Mexico and British Virgin Islands for development of high end Luxury Resorts with 100 and 206 keys respectively. The company also signed a management contract for establishing a Taj Luxury Hotel in Marrakech, Morocco, which is expected to open by the last quarter of 2011. The company continued their thrust on flagging properties under the 'Gateway' brand in prominent economic, commercial and industrial centres of India by signing management contracts for hotels in Chandigarh, Ludhiana and Kolhapur. The company also signed management contracts in leisure destinations such as Shimla and Rishikesh for a Gateway and Vivanta by Taj resort respectively. Furthermore, the company entered into MOUs for Gateway Hotels in Chiplun, Maharashtra and in Faridabad, NCR. The company invested through one of their subsidiaries in 'Vivanta by Taj' resort at Coorg, which is scheduled to open by end of 2011. The resort shall be operated by the company on a management contract basis. Of the 64 room expansion of Vivanta by Taj Fisherman's Cove hotel in Chennai, 48 rooms are currently operational and work on the balance 16 rooms is in progress. Vivanta by Taj hotels in Coimbatore and Hyderabad being developed by the company's associates are expected to open during the current financial year. In April 2011, the company made a foray into one of India's most beautiful destinations, Jammu & Kashmir by opening an 89 room Vivanta by Taj resort in Srinagar. The Vivanta by Taj projects in Bekal, Gurgaon and The Gateway Hotel in Kolkata are expected to open during the current financial year. In 2012, Tata Group-led Indian Hotels Company Ltd (IHCL) has made an unsolicited bid of USD 1.42 billion for Orient-Express Hotels, a US-based luxury hotels group. In 2013, the Delhi Development Authority (DDA) has renewed the lease of Taj Palace Hotel for another 25 years. The Taj Mahal Hotel, New Delhi has been awarded the 2013 certificate of Excellence by Tripadvisor. The Taj Falaknuma Palace, Hyderabad won 2nd place in the 'Best Overseas Holiday Hotels in Asia and India' category at the Conde Nast Traveller UK Readers' Travel Awards 2013. It also ranked 37th on the list of the 'World's Top 100 Hotel. Taj Hotels Resorts & Palaces won the award for the Best Hotel Chain in India at the UK Business Traveller Awards 2013. In 2014, the Taj Mahal Palace, Mumbai was named the Best Overseas Business Hotel with a score of 91 at the Conde Nast Traveller UK Readers' Travel Awards 2014. Taj Falaknuma Palace, Hyderabad ranked 5th on the list of World's Best Hotels in Asia & India with a score of 89.72 at the Conde Nast Traveller UK Readers' Travel Awards 2014. Rambagh Palace, Jaipur ranked 11th on the list of World's Best Hotels in Asia & India with a score of 84.11 at the Conde Nast Traveller UK Readers' Travel Awards 2014. Souk at The Taj Mahal Palace, Mumbai earned the Wine Spectator Award 2014 Taj Mahal Hotel, Delhi's iconic restaurant Varq has been voted 36th on the San Pellegrino's list of 50 Best Restaurants in Asia. In 2015, Thai Pavilion at Vivanta by Taj - President, Mumbai, was declared the best Fine Dining Thai Cuisine Restaurant in South Mumbai at the Times Food & Nightlife Awards 2015. Konkan Cafe at Vivanta by Taj - President, Mumbai, was declared the best Casual Dining South Indian and Coastal Restaurant in South Mumbai at the Times Food & Nightlife Awards 2015. Trattoria at Vivanta by Taj - President, Mumbai, was declared the Best Casual Dining 24-hr restaurant as well as Best Italian Restaurant in South Mumbai at the Times Food & Nightlife Awards 2015. During 2015-2016, the company based on an approval of the Board of Directors and The Reserve Bank of India and also Recognizing the importance of restructuring its international investments, had embarked on an international restructuring plan to have a simplified structure with one Apex Holding Company which would consolidate the value of material overseas assets under a single overseas entity. This would enhance the Company's fund raising ability and the value of underlying assets would be appropriately reflected in the Company's books along with achieving efficiency in debt service due to bigger size of holding Company and larger up-streaming to one apex Company. IHOCO BV, the 100 % offshore subsidiary Company has since become the Company's apex offshore investment holding Company. Holdings in the, USA, UK, Sri Lanka, Maldives hotels and the two London restaurants have been shifted to IHOCO BV. Thus, eight owned hotels (1584 rooms) and two UK restaurants are now being held through IHOCO BV. The conclusion of the restructuring marks a significant milestone in your Company's ability to facilitate potential value creation. The Board of Directors of the Company as part of its restructuring plan, at a meeting held on October 19, 2015, approved the amalgamation of International Hotel Management Services LLC (formerly known as International Hotel Management Services Inc.), a wholly held subsidiary ('Transferor Company') into the Company, by way of a Scheme of Arrangement amongst the Company, the Transferor Company, and the respective shareholders and creditors (the 'Scheme'), as provided under Sections 391 to 394 of the Companies Act, 1956 read with Section 52 of the Act, Section 78 and Sections 100 to 103 of the Companies Act, 1956. The appointed date for the Scheme is January 1, 2016. The intended amalgamation has been approved by the Members at the meeting convened on May 4, 2016, on the direction of the Honourable High Court of Judicature at Bombay ('Bombay High Court') where the application seeking permission for the amalgamation was filed. Sea Rock Asset, a Marquee site was pursued by the company as part of its drive to further enhance its existing portfolio of exclusive assets in Mumbai.The company has first purchased the balance 80.1% in Lands End Properties Private Limited from the other shareholders and thereafter is seeking to amalgamate Lands End Properties Private Limited with itself. Consequently, the step down subsidiaries of Lands End Properties Private Limited viz. Skydeck Properties and Developers Private Limited, Sheena Investments Private Limited, Luthria and Lalchandani Hotel and Properties Private Limited and ELEL Hotels and Investments Limited have also become subsidiaries of the Company. The Board of Directors at a meeting held on October 19, 2015 has approved amalgamation of Lands End Properties Private Limited, a wholly held subsidiary ('Transferor Company') into the Company, by way of a Scheme of Arrangement amongst the Company, the Transferor Company, and the respective shareholders and creditors (the 'Scheme'), as provided under Sections 391 to 394 of the Companies Act, 1956 read with Section 52 of the Act, section 78 and Sections 100 to 103 of the Companies Act, 1956. The appointed date for the Scheme is March 31, 2016. The intended amalgamation has been approved by the Members of the Company at the meeting convened on May 4, 2016, on the direction of the Honourable High Court of Judicature at Bombay ('Bombay High Court') where the application seeking permission for the amalgamation has been filed. During 2015-2016, the Board of Directors of the company has also accorded its approval to allow United Overseas Holding Inc (UOH), an indirect Wholly Owned Subsidiary of the Company in the United States, to pursue the option of divestment of the Taj Boston hotel at a consideration not being lower than USD 125 million (US Dollars One Hundred and Twenty Five Million),whilst retaining brand presence on the property through Management Services Agreemen, subject to approval of members. During 2016-2017, under review, Lands Ends Properties Pvt Ltd and International Hotel Management Services LLC ceased to be subsidiaries of the Company pursuant to their amalgamation with the Company, i.e. w.e.f from December 19, 2016 and September 29, 2016, respectively. The Bombay High Court vide its order dated August 12, 2016 had approved the Scheme of Amalgamation of International Hotel Management Services LLC, which had been filed with the jurisdictional Registrar of Companies on September 15, 2016. The Bombay High Court vide its order dated October 13, 2016 has also approved the scheme of arrangement between Land End Properties Pvt Ltd and the Company. Pursuant thereto, the High Court orders were filed with the jurisdictional Registrar of Companies on December 7, 2016 for reduction of capital of the Company and on December 9, 2016 in respect of the Scheme. Apex Hotel Management Services (Australia) Pty Ltd ceased to be a subsidiary of the Company w.e.f. March 31, 2017. During 2016-2017, the company subsequently, obtained the Members approval for the same by a Special Resolution vide Postal Ballot. Accordingly, UOH effected on July 12, 2016, the divestment of the Hotel through sale of the entire issued and outstanding LLC interests of IHMS (Boston) LLC held by UOH, to AS Holdings LLC, Boston', for an aggregate consideration of US$ 125 million (US$ One hundred and twenty five million only). Pursuant to the sale by UOH of its entire LLC interest in IHMS (Boston) LLC, the owning company of the Hotel, the Hotel continues to be operated and managed by IHMS (USA) LLC, an indirect wholly held subsidiary of the Company. IHMS (USA) LLC has entered into a Management Services Agreement with the new owning company, thus ensuring continuity of Taj's presence in the Boston market. At a meeting held on 26 May 2017, the Board of Directors of Indian Hotels Company approved the amalgamation of TIFCO, a wholly owned subsidiary of the company with the company, by way of a Scheme of Amalgamation between TIFCO and the company (the Scheme). The appointed date for the Scheme was 1 April 2017. The National Company Law Tribunal, Mumbai Bench (NCLT) vide its order dated 8 March 2018 approved the Scheme. In accordance with the terms of the Scheme, TIFCO was amalgamated with the company with effect from the Appointed Date i.e. 1 April 2017 and consequently, TIFCO stands dissolved without winding up. Pursuant to the amalgamation, Indian Hotels Company has access to significant liquid assets of TIFCO in the form of cash, Mutual Fund investments and Inter-Corporate Deposits which can be put to better and more profitable use by the company. The aggregate free reserves of the company have increased by about Rs 140 crore thereby enhancing the company's ability to pay dividend to its shareholders. In October 2017, Indian Hotels raised Rs 1500 crore from a rights issue of equity shares in the ratio of 1 equity share for every 5 fully paid-up equity shares held by the eligible equity shareholders as on the record date. The rights issue was priced at Rs 75 per share. During the financial year ended 31 March 2018, Indian Hotels Company incurred Rs 311.33 crore towards capital expenditure, a majority of which was towards Taj Exotica Resort & Spa, Andamans and renovations and refurbishments of hotels. Other areas of investment included new Information Technology initiatives. During the year, the company opened ten hotels (697 keys). It opened the iconic Taj in Andamans and 9 Ginger hotels in some of India's key cities like Mumbai, Gurgaon, Lucknow, Ahmedabad, Vadodara, Aurangabad and Goa. The company signed five new hotels across its brands in the financial year - a Taj hotel in Vikhroli in Mumbai, Vivanta in Bhopal and three Ginger hotels in Lucknow, Vadodara and Goa. The company undertook a phased renovation, renovated 800 rooms and other facilities at several of its landmark hotels including the iconic flagship hotel The Taj Mahal Palace, Mumbai, Taj Lands End, Mumbai, Taj Bengal, Kolkata, Taj Exotica Resort & Spa, Goa and Taj Fort Aguada Resort & Spa, Goa. This has delivered world class products, augmented in-room features and refreshed and vibrant culinary destinations. On 16 February 2018, Indian Hotels Company unveiled a comprehensive five-year business strategy, Aspiration 2022' at the Capital Market Day. The strategy aims to strengthen market leadership and achieve transformative growth leading to greater profitability. Key tenets of the plan include unlocking value from efficiencies in scale and simplifying the holding structure for greater profitability.

Indian Hotels Co Ltd Directors Reports

To the Members,

The Directors take pleasure in presenting the Third Integrated Annual Report of The Indian Hotels Company Limited ('the Company' or 'IHCL') along with the Audited Financial Statements for the Financial Year ended March 31, 2021. The consolidated performance of the Company and its subsidiaries has been referred to wherever required.

1. Financial Results (Rs crores)
Standalone Consolidated
2020-21 2019-20 2020-21 2019-20
Revenue 1,133.15 2,743.47 1,575.16 4,463.14
Other income 110.52 134.41 164.72 132.42
Total income 1,243.67 2,877.88 1,739.88 4,595.56
Expenses Operating expenditure 1,230.05 1,982.41 1,936.92 3,495.61
Depreciation and amortisation expenses 203.81 203.78 409.63 404.24
Total Expenses 1,433.86 2,186.19 2,346.55 3,899.85
Profit/(Loss) before finance cost and tax (190.19) 691.69 (606.67) 695.71
Finance cost 294.79 237.55 402.82 341.12
Profit/(Loss) before Exceptional Items, Tax and share of equity accounted investees (484.98) 454.14 (1009.49) 354.59
Add/(Less): Exceptional Items (155.30) (16.40) 159.95 40.95
Profit/(Loss) before Tax (PBT) (640.28) 437.74 (849.54) 395.54
Tax expense (115.50) 36.33 (155.33) 44.77
Profit/(Loss) after Tax before share of equity accounted investees (524.78) 401.41 (694.21) 350.77
Add: Share of Profit/(Loss) of Associates and Joint Ventures net of tax NA NA (101.42) 12.97
Profit/(Loss) for the year (524.78) 401.41 (795.63) 363.74
Attributable to:
Shareholders of the Company (524.78) 401.41 (720.11) 354.42
Non-Controlling Interest NA NA (75.52) 9.32
Opening Balance of Retained Earnings 808.52 603.77 152.26 154.00
Adjustment on account of transition to the new lease standard, net of taxes - (106.43) - (264.32)
Profit / (Loss) for the Year (524.78) 401.41 (720.11) 354.42
Other comprehensive income / (losses) 26.36 (16.04) 29.97 (17.67)
Total comprehensive income (498.42) 385.37 (690.14) 336.75
Dividend Paid (59.46)* (59.46) (59.46)* (59.46)
Tax on Dividend - (11.72) - (11.70)
Realised gain / (loss) on sale of investment transferred from OCI - (3.01) 5.80 (3.01)
Adjustments on account of change in non-controlling interest - - (169.16) -
Closing Balance of Retained Earnings 250.64 808.52 (760.70) 152.26
*Dividend declared in FY 2019-20 and paid during the year under review

2. Dividend

The Board recommended a dividend of ' 0.40 per fully paid Equity Share on 118,92,58,445 Equity Shares of face value ' 1 each, for the year ended March 31, 2021 (Previous Year ' 0.50 per share).

The dividend on Equity Shares is subject to the approval of the Shareholders at the Annual General Meeting ('AGM') scheduled to be held on Tuesday, June 22, 2021. The dividend once approved by the Shareholders will be paid on and after Tuesday, June 29, 2021.

The dividend on Equity Shares if approved by the Members, would involve a cash outflow of ' 47.57 crores and shall be paid out of profits of the Company for previous financial years forming a part of retained earnings pursuant to Section 123(1) of the Companies Act, 2013 ('the Act').

3. Transfer to Reserves

Due to losses in FY 2020-21, no amount has been transferred to Reserves. An amount of ' 32.39 crores was transferred from Debenture Redemption Reserve to General Reserve consequent to the redemption of Unsecured Non-convertible Redeemable Debentures of ' 200 crores in April 2020.

4. Company's performance

On a standalone basis, the Total Income for FY 2020-21 was ' 1,243.67 crores, which was lower than the previous year's Total Income of ' 2,877.88 crores by 57% caused by the COVID-19 pandemic and efforts to curtail it. This had a severe impact on the economy in general and travel and tourism in particular. Consequently, the Company reported a Loss after tax for FY 2020-21 of ' 524.78 crores in comparison with a Profit after tax of ' 401.41 crores for FY 2019-20.

On a consolidated basis, the Total Income for FY 2020-21 was ' 1,739.88 crores, lower than the previous year's Total Income of ' 4,595.56 crores by 62%. The Loss after tax attributable to shareholders and non-controlling interests for FY 2020-21 was ' 795.63 crores as against a Profit after Tax of ' 363.74 crores for FY 2019-20. The Loss attributable to shareholders of the Company for FY 2020-21 was ' 720.11 crores as against a profit for the previous year of ' 354.42 crores.

Depreciation and Finance Costs

Depreciation at ' 203.81 crores was in line with that of FY 2019-20. Finance costs for FY 2020-21 at ' 294.79 crores was higher than FY 2019-20 cost by ' 57.24 crores. This was mainly due to interest on increased borrowings to fund the Company's operational cash requirements and to a lesser extent, interest on lease liabilities.

Exceptional Items

Exceptional Items include an exchange gain on change in fair value of cross currency swap derivative contracts ' 25.00 crores (Previous Year loss of ' 21.76 (crores) and a provision for impairment due to losses in overseas subsidiaries of ' 179.52 crores (Previous Year ' 68.98 (crores).

Borrowings

The total long-term borrowings stood at ' 2,576.79 crores as on March 31, 2021 as against ' 1,943.32 crores as on March 31, 2020.

Debentures

During FY 2020-21, the Company raised 1,500, 7.50% Unsecured Non-convertible Redeemable Debentures of face value '10 lakhs each aggregating to ' 150 crores and 3,000, 7.95% Unsecured Non-convertible Redeemable Debentures of face value '10 lakhs each aggregating to ' 300 crores for three years each.

The Company also redeemed 2,000, 7.85% Unsecured Non-Convertible Redeemable Debentures of face value ' 10 lakhs each aggregating to ' 200 crores on April 20, 2020.

Capital Expenditure

During FY 2020-21, the Company's outlay towards capital expenditure was ' 140.63 crores.

Business Overview

An analysis of the Business and Financial Results are given in the Management Discussion and Analysis, which forms a part of the Annual Report.

5. Subsidiary Companies

The Company has 25 subsidiaries, 6 associates and 7 joint venture companies as on March 31, 2021. There has been no material change in the nature of the business of the subsidiaries.

During the year under review, Ideal Ice & Cold Storage Company Limited has become a wholly-owned subsidiary of IHCL, earlier being a subsidiary of Taida Trading & Industries Limited, an associate of the Company.

The Company has also increased its shareholding in IHMS Hotels (SA) (Proprietary) Limited and is now considered as a subsidiary of the Company, from earlier being a Joint Venture. Consequently, Goodhope Palace Hotels (Proprietary) Limited which was a subsidiary of IHMS Hotels (SA) (Proprietary) Limited has become an indirect subsidiary of the Company.

Pursuant to the provisions of Section 129(3) of the the Act a statement containing the salient features of financial statements of the Company's subsidiaries in Form No. AOC-1 is attached to the financial statements of the Company.

Further, pursuant to the provisions of Section 136 of the Act, the financial statements of the Company, consolidated financial statements along with relevant documents and separate audited financial statements in respect of subsidiaries, are available on the website of the Company at https://www.ihcltata.com/AGM/2021/ AGM-FY2021/.

6. Directors' Responsibility Statement

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the internal, statutory and secretarial auditors and external consultants, including the audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by management and the relevant board committees, including the audit committee, the Board is of the opinion that the Company's internal financial controls were adequate and effective during FY 2020-21.

Pursuant to Section 134(5) of the Act, the Board of Directors, to the best of its knowledge and ability, confirm that:

i. In the preparation of the annual accounts, the applicable accounting standards have been followed and there are no material departures;

ii. They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the loss of the Company for that period;

iii. They have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv. They have prepared the annual accounts on a going concern basis;

v. They have laid down internal financial controls to be followed by the Company and such internal financial controls are adequate and operating effectively;

vi. They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

7. Directors and Key Managerial Personnel

In accordance with the requirements of the Act and the Company's Articles of Association, Mr. Puneet Chhatwal retires by rotation and being eligible, offers himself for re-appointment. Relevant resolutions (Ordinary and Special, as applicable) seeking shareholders' approval forms part of the Notice.

Pursuant to the provisions of Section 149 of the Act, the Independent Directors have submitted declarations that each of them meet the criteria of independence as provided in Section 149(6) of the Act along with Rules framed thereunder and Regulation 16(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,

2015 ('SEBI Listing Regulations'). In terms of Regulation 25 (8) of SEBI Listing Regulations they have confirmed that they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence. The Board of directors of the Company has taken on record the declaration and confirmation submitted by the independent directors after undertaking due assessment of the veracity of the same. There has been no change in the circumstances affecting their status as Independent Directors of the Company.

The Independent Directors of the Company have confirmed that they have registered their names in the data bank of Independent Directors maintained with the Indian Institute of Corporate Affairs in terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment & Qualification of Directors) Rules, 2014. The Independent Directors of the Company possess the requisite experience and hence shall not be required to pass the online proficiency self-assessment test as per the proviso to Rule 6(4) of the aforesaid rules.

During the year under review, the Non-Executive Directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees and reimbursement of expenses, if any incurred by them for the purpose of attending meetings of the Board/Committee of the Company.

Recently, on March 18, 2021, the Ministry of Corporate Affairs had notified the amendments to Sections 149(9) and 197(3) of the Act by the Companies (Amendment) Act, 2020 to enable companies faced with no profits/ inadequate profits to pay certain fixed remuneration to their Non-Executive Directors (including Independent Directors) in accordance with the provisions of Schedule V to the Act.

In view of the valuable services being rendered by the Non-Executive Directors (including Independent Directors) to the Company, the Board of Directors, on the recommendations of the Nomination and Remuneration Committee ('NRC') approved a fixed remuneration to be payable to them for FY 2020-21, 2021-22 and 202223 in case of no profits/ inadequate profits in each of

these years, subject to the approval of the Members at this AGM. The details of the remuneration to be paid for the FY 2020-21 are captured in the Corporate Governance Report.

Pursuant to the provisions of Section 203 of the Act, the Key Managerial Personnel of the Company as on March 31, 2021 are:

• Mr. Puneet Chhatwal - Managing Director & Chief Executive Officer

• Mr. Giridhar Sanjeevi - Executive Vice President & Chief Financial Officer

• Mr. Beejal Desai, Senior Vice President - Corporate Affairs & Company Secretary (Group)

8. Number of Meetings of the Board

Six meetings of the Board were held during the year under review. For details of meetings of the Board, please refer to the Corporate Governance Report, which forms a part of the Annual Report.

9. Board Evaluation

The Board of Directors has carried out an annual evaluation of its own performance, board committees, and individual Directors pursuant to the provisions of the Act and SEBI Listing Regulations.

The performance of the Board was evaluated by the Board after seeking inputs from all the Directors on the basis of criteria such as the Board Composition and Structure; Degree of fulfilment of key responsibilities towards stakeholders (by way of monitoring corporate governance practices, participation in the longterm strategic planning, etc.); Effectiveness of board processes, information and functioning, etc.; Extent of co-ordination and cohesiveness between the Board and its Committees; and Quality of relationship between Board Members and the Management

The performance of the committees was evaluated by the Board after seeking inputs from the committee members on the basis of criteria such as the composition of committees, effectiveness of committee meetings, etc.

In a separate meeting of Independent Directors, performance of Non-Independent Directors, the board as a whole and the Chairman of the Company was evaluated, taking into account the views of Executive Directors and Non-Executive Directors.

The Board and the NRC reviewed the performance of individual Directors on the basis of criteria such as the contribution of the individual Director to the Board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.

The above criteria are broadly based on the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017.

At the Board Meeting that followed the meeting of the Independent Directors and meeting of NRC, the performance of the Board, its Committees, and individual directors was also discussed. Performance evaluation of Independent Directors was done by the entire Board, excluding the independent director being evaluated.

10. Policy on Directors' Appointment and Remuneration and other Details

The Company's policy on directors' appointment and remuneration and other matters provided in Section 178(3) of the Act has been disclosed in the Corporate Governance Report, which is a part of this report and is also available on https://www.ihcltata.com/board diversity director attributes.pdf and https://www. ihcltata.com/Remuneration Policy KMP Directors Employees.pdf.

11. Vigil Mechanism

The Company has established the necessary vigil mechanism for directors and employees in confirmation with Section 177(9) of the Act and Regulation 22 of SEBI Listing Regulations, to report concerns about unethical behaviour. The details of the policy have been disclosed in the Corporate Governance Report, which forms a part of the Annual Report and is also available on https://www.ihcltata.com/Whistle Blower Policy. pdf.

12. Internal Financial Control Systems and their Adequacy

The details in respect of internal financial control and their adequacy are included in the Management Discussion and Analysis, which forms a part of the Annual Report.

13. Audit Committee

The details including the composition of the Audit Committee including attendance at the Meetings and terms of Reference are included in the Corporate Governance Report, which forms a part of the Annual Report.

14. Auditors

At the 116th AGM held on August 21, 2017 the Members approved appointment of B S R & Co. LLP ('BSR'), Chartered Accountants (Firm Registration No. 101248W/W-100022) as Statutory Auditors of the Company to hold office for a period of five years from the conclusion of the 116th AGM till the conclusion of the 121st AGM, subject to ratification of their appointment by Members at every AGM, if so required under the Act. The requirement to place the matter relating to appointment of auditors for ratification by Members at every AGM has been done away by the Companies (Amendment) Act, 2017 with effect from May 7, 2018. Accordingly, no resolution is being proposed for ratification of appointment of statutory auditors at the ensuing AGM and a note in respect of same has been included in the Notice for this AGM.

15. Corporate Social Responsibility

The Company has revised the policy on Corporate Social Responsibility ('CSR') to include changes based on Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 and the revised policy was recommended by the CSR and Sustainability Committee and approved by the Board and the same can be accessed on the Company's website at https://www. ihcltata.com/CSR Policy.pdf.

The brief outline of the CSR policy of the Company and the initiatives undertaken by the Company on CSR activities during the year under review are set out in Annexure I of this report in the format prescribed in the Companies (Corporate Social Responsibility Policy)

Amendment Rules, 2021. For other details regarding the CSR and the Sustainability Committee, please refer to the Corporate Governance Report, which is a part of this report.

16. Auditor's Report and Secretarial Audit Report

The Statutory Auditor's Report and the Secretarial Auditor's Report do not contain any qualifications, reservations, or adverse remarks or disclaimer.

Secretarial Auditor's Report is attached to this report as Annexure II.

17. Risk Management

The Board of Directors of the Company has formed a Risk Management Committee to frame, implement and monitor the risk management plan for the Company. The Committee is responsible for monitoring and reviewing the risk management plan and ensuring its effectiveness. The Audit Committee has additional oversight in the area of financial risks and controls. The major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis. The development and implementation of risk management policy has been covered in the Risk Management section, which forms a part of the Annual Report.

18. Particulars of Loans, Guarantees or Investments

Your Company falls within the scope of the definition "infrastructure company" as provided by the Act. Accordingly, the Company is exempt from the provisions of Section 186 of the Act with regards to Loans, Guarantees, Securities provided and Investments. Therefore, no details are provided.

19. Related Party Transactions

In line with the requirements of the Act and the SEBI Listing Regulations, the Company has formulated a Policy on Related Party Transactions and the same can be accessed on the Company's website at https://www.ihcltata.com/RPT.pdf.

During the year under review, all Related Party > Transactions that were entered into were in the

F Ordinary Course of Business and at Arms' Length Basis.

All transactions entered into with related parties were approved by the Audit Committee.

l Further in the FY 2020-21, there were no material transactions of the Company with any of its related parties. Therefore, the disclosure of Related Party Transactions as required under Section 134(3)(h) of the Act in Form AOC-2 is not applicable to the Company for the FY 2020-21 and hence the same is not provided.

20. Annual Return

As provided under Section 92(3) and 134(3)(a) of the Act, I read with Rule 12 of Chapter VII Rules of the Companies

(Management and Administration) Amendment Rules, . 2020, Annual Return in Form MGT-7 for FY 2020-21 is uploaded on the website of the Company and can be l accessed at https://www.ihcltata.com/AGM/2021/ _ AGM-FY2021/.

21. Particulars of Employees

The information required under Section 197 of the Act read with Rule 5 of the Companies (Appointment and ; Remuneration of Managerial Personnel) Rules, 2014, is appended as Annexure III to this report.

The statement containing names of top ten employees Rs in terms of remuneration drawn and the particulars of employees as required under Section 197(12) of the Act read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in a separate annexure forming part of this report. Further, the report and the accounts are being sent to the Members excluding the aforesaid annexure. In terms of Section 136 of the Act, the said annexure is open for I inspection and any Member interested in obtaining a I copy of the same may write to the Company Secretary.

22. Disclosure Requirements

As per SEBI Listing Regulations, the Corporate Governance Report with the Practicing Company

Secretary's Certificate thereon, and the Management Discussion and Analysis are attached as a separate section which forms a part of the Annual Report.

As per Regulation 34 of the SEBI Listing Regulations, the Business Responsibility Report forms a part of the Annual Report.

As per Regulation 43A of the SEBI Listing Regulations, the Dividend Distribution Policy is disclosed in the Corporate Governance Report and is uploaded on the Company's website at https://www.ihcltata.com/ Dividend Distribution Policy.pdf.

The Company has devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards issued by the Institute of Company Secretaries of India and that such systems are adequate and operating effectively.

23. Deposits from Public

The Company does not accept and/or renew Fixed Deposits from the general public and shareholders. There were no over dues on account of principal or interest on public deposits other than the unclaimed deposits at the end of FY 2020-21 which is ' 45,000/- (Previous year ' 260,000/-).

24. Particulars of Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo [Pursuant to Companies (Accounts) Rules, 2014]

A. Conservation of Energy: The Company has a longstanding history of stewardship through efficient management of all its assets and resources. The Company's conscious efforts are aligned with the Tata ethos of keeping communities and environment at the heart of doing business. In line with IHCL's commitment to safeguard the environment, we have been the flagbearers of responsible tourism through elimination of two million plastic straws across all our properties. Our renewable energy proportion has improved to

22% from 7% in the past five years. In this rapidly transforming world, our sustainability goals will certainly evolve as our industry grow and as per the needs arising in the society.

B. Technology Absorption: There is no material information on technology absorption to be furnished. The Company continues to adopt and use the latest technologies to improve the efficiency and effectiveness of its business operations.

C. Foreign Exchange Earnings and Outgo:

• Earnings : ' 56.74 crores

• Outgo : ' 47.32 crores

25. Material changes and commitment affecting the financial position of the Company

The impact of COVID-19 on the Company's financial statements has been given in Note 2(d) of the notes to financial statements for the year ended March 31, 2021 and the Company's response to the situation arising from the pandemic has been explained in the Management Discussion and Analysis, which forms a part of the Annual Report.

26. Significant and material orders passed by the regulators

During the year under review, no significant material orders were passed by the Regulators or Courts or Tribunals impacting the going concern status and the Company's operations. However, Members' attention is drawn to the Statement on Contingent Liabilities and Commitments in the Notes forming part of the Financial Statement.

27. Cost Auditors

Maintenance of cost records as specified by the Central Government under Section 148 (1) of the Act is not applicable to the Company.

28. Disclosures in relation to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH Act)

The Company has always believed in providing a safe and harassment-free workplace for every individual working in the Company. The Company has complied with the applicable provisions of the POSH Act, and the rules framed thereunder, including constitution of the Internal Complaints Committee. The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the POSH Act and the same is available on the Company's website at https://www.ihcltata. com/POSH Policy.pdf.

Status of complaints as on March 31, 2021

Sl. No. Particulars Number of Complaints
i. Number of complaints filed during the financial year 9
2. Number of complaints disposed off during the financial year 8
3. Number of complaints pending at the end of the financial year 1

29. Integrated Report

With the corporate landscape rapidly evolving, Integrated Reporting has been an ideal tool to explore value creation. The Company being one of the top companies in the country in terms of market capitalisation, has voluntarily provided Integrated Report, which encompasses both financial and non-financial information to enable the Members to take well informed decisions and have a better understanding of the Company's long-term perspective.

The Company has progressed in the journey of Integrated Reporting and is focused on driving more authentic, comprehensive and meaningful information about all aspects of the Company's performance and value creation story delivering benefits for both internal and external stakeholders.

The Report also touches upon aspects such as organisation's strategy, governance framework, performance and prospects of value creation based on the six forms of capital viz. financial capital, manufactured capital, intellectual capital, human capital, social and relationship capital and natural capital.

30. Acknowledgement

The Directors thank the Company's customers, vendors, investors and academic partners for their continuous support.

The Directors also thank the Government of India, Governments of various states in India, Governments of various countries and concerned Government departments and agencies for their co-operation.

The Directors regret the loss of life due to COVID-19 pandemic and are deeply grateful and have immense respect for every person who risked their life and safety to fight this pandemic.

The Directors appreciate and value the contribution made by all our employees and their families and the contribution made by every other member of the IHCL family, for making the Company what it is.

On behalf of the Board of Directors
N. Chandrasekaran
Chairman
Mumbai, April 30, 2021 (DIN:00121863)

   

Indian Hotels Co Ltd Company Background

N ChandrasekaranPuneet Chhatwal
Incorporation Year1902
Registered OfficeMandlik House,Mandlik Road
Mumbai,Maharashtra-400001
Telephone91-22-66395515,Managing Director
Fax91-22-22027442
Company SecretaryBeejal Desai
AuditorB S R & Co LLP
Face Value1
Market Lot1
ListingBSE,London,MSEI ,NSE,
RegistrarLink Intime India Pvt Ltd
C-101 247 Park ,L B S Marg ,Vikhroli West ,Mumbai-400083

Indian Hotels Co Ltd Company Management

Director NameDirector DesignationYear
N Chandrasekaran Chairman 2021
Beejal Desai Company Secretary 2021
Vibha Paul Rishi Independent Director 2021
Puneet Chhatwal Managing Director & CEO 2021
Venu Srinivasan Director 2021
Mehernosh S Kapadia Director 2021
Nasser Munjee Independent Director 2021
Hema Ravichandar Independent Director 2021
Venkataramanan Anantharaman Independent Director 2021

Indian Hotels Co Ltd Listing Information

Listing Information
BSE_500
BSE_200
BSEDOLLEX
CNX500
BSEMID
CNXMIDCAP
CNX200
BSEALLCAP
GOODSSERVI
MID150
LMI250
MSL400
NFTYMC150
NFTYMSC400

Indian Hotels Co Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Food,Restaurants&Banquet IncomNA 000873.35
Management Fees NA 00090.48
Membership Fees NA 00077.38
Other Operating Income NA 00063.98
Shop Rental NA 00027.96
Room Revenue NA 0000
Others NA 0000

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