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Juniper Hotels Limited was incorporated as ‘Seajuli Finance Private Limited’ on September 16, 1985, as a private limited company under the Companies Act, 1956, at Kolkata, pursuant to a certificate of incorporation granted by the Registrar of Companies, West Bengal at Kolkata (RoC WB). Pursuant to an allotment of Equity Shares by the Company and in accordance with the provisions of Section 43A of the Companies Act, 1956, its Board passed a resolution on September 2, 1986, wherein its Board noted that the Company had become a deemed public company, and the name of the Company was changed to ‘Seajuli Finance Limited’ with effect from September 2, 1986, pursuant to a certificate of incorporation endorsed by the RoC WB to that effect.
Further, pursuant to a special resolution passed by the Shareholders dated October 16, 2003 which was confirmed by an order of the Company Law Board, Eastern Region Bench, Kolkata dated February 18, 2005, the registered office of the Company was shifted from the state of West Bengal to the state of Maharashtra with effect from February 5, 2005 and a certificate of registration of the order of the Company Law Board for change of state was issued by the RoC on April 27, 2005. On the conversion of the Company from a private limited company to a public limited company, pursuant to a resolution passed by its Board on August 4, 2023 and a special resolution passed by its Shareholders on August 7, 2023, its name was changed to ‘Juniper Hotels Limited’, and a fresh certificate of incorporation dated August 28, 2023 was issued by the RoC.
The company is a luxury hotel development and ownership company, and are the largest owner, by number of Keys of ‘Hyatt’ affiliated hotels in India as of September 30, 2023. It has a portfolio of seven hotels and serviced apartments and operates a total of 1,836 keys as of September 30, 2023. It benefits from a unique and longstanding partnership of many years between Saraf Hotels (including erstwhile and current affiliates, collectively referred to as the “Saraf Group”), a hotel developer with a strong and well established track record in India and affiliates of a globally recognized premier hospitality brand, Hyatt Hotels Corporation (HHC) (collectively with its affiliates “Hyatt”). It is the only hotel development company in India with which Hyatt has a strategic investment. It has extensive experience in identifying opportunities in hospitality destinations, developing high-end hotels in these locations and nurturing them through active asset management. It is also focused on providing quality guest experience, while operating its assets efficiently.
The company’s hotels and serviced apartments are present across the luxury, upper upscale and upscale category of hotels and are established landmarks in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi. Besides Grand Hyatt Mumbai Hotel and Residences being the largest luxury hotel in India, the Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the largest upper upscale hotels in their respective markets and Hyatt Raipur is the only upper upscale hotel in Raipur.
It identifies and acquires sites to develop its hotels and serviced apartments, accounting for factors such as location, economic potential of the location, target customers and branding. The Grand Hyatt Mumbai Hotel and Residences is located between the Bandra Kurla Complex (BKC”) (which is the business center of the city) and the Chhatrapati Shivaji Maharaj International Airport, situated in Mumbai. Similarly, Andaz Delhi and Hyatt Delhi Residences are located at the Indira Gandhi International Airport hospitality district (Delhi Aerocity), between Gurgaon and New Delhi. Once it identify and acquire sites, its expertise in development allows it to move swiftly from a capital deployment phase to a revenue generation phase by making its assets operational.
Business area of the company
The company is engaged in the hospitality industry and is driven by the quality of service it provides and the expectations of its customers.
Awards, accreditations or recognition
Hyatt Regency Ahmedabad
Andaz Delhi
Grand Hyatt Mumbai
History and milestones
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