Indian Hotels Company Ltd was started in 1902. This company & its subsidiaries are together known as Taj Hotels Resorts & Palaces and are recognized as one of Asia's largest & finest hotel companies. The Taj is recognized for its premier hospitality, business facilities, excellence in dining, interiors, and world-class personalized service in India. Taj was 1st to launch Sichuan, Thai, Italian, Mexican, and Californian cuisine into the nation.
IHCL has built hotel chains under different brands like Taj Hotels, Taj Exotica, Taj Safari, Ginger, & The Gateway Hotel. This company has a strategic alliance with The Shilla Hotels & Resorts & Okura Hotels & Resorts. It also owns 3 personal jets under the name Taj Air which covers 114 destinations.
MERGERS AND ACQUISITIONS
The Indian Hotels Company Limited declared the signing of a binding agreement for the acquisition of the balance 14.28% equity interest in ELEL Hotels and Investments Limited (ELEL) from the Nanda family. By 31st December 2021, this will make IHCL the 100% leasehold owner of the landmark Sea Rock hotel site.
Indian Hotels Company Ltd manages a portfolio of:
Spas and in-flight catering services
AWARDS AND RECOGNITIONS
Won GOLD Magellan Award for its Brand Campaign in the Advertising / Marketing Campaign Category and Print advertising Category.
Received the award for The Best Business Hotel Chain in India
Ranked top in the Asia Pacific in the hotel segment.
Won Dun & Bradstreet- American Express Corporate Awards
Received Avaya Global Connect Customer Responsiveness Awards
In 1903: It has launched its 1st hotel The Taj Mahal Palace & Tower Mumbai.
In 1974: The Taj Group launched India's 1st international five-star deluxe beach resort the Fort Aguada Beach Resort in Goa.
In 1977: They attained an equity interest and operating contract for the Taj President a business hotel in Mumbai.
In 1978: In Delhi, they set up the Taj Mahal Hotel.
In 1980: The Taj Group took their 1st step internationally by launching their 1st hotel outside India the Taj Sheba Hotel in Sana'a Yemen.
In 1984: The Taj Group attained each of The Taj West End Bangalore Taj Connemara Chennai and Savoy Hotel Ooty under a license agreement.
In 1990: The Company opened Taj Kerala Hotels & Resorts Ltd along with the Kerala Tourism Development Corporation.
In 1998: They set up the Taj Exotica Bentota which strengthened the Taj Group's market position in Sri Lanka.
In 2000: The Company entered into a partnership with the GVK Reddy Group to launch Taj GVK Hotels and Resorts Ltd and consequently acquired a leading position in the market in the southern business city of Hyderabad owning 3 hotels & a major share of the market.
In 2004: They started Wellington Mews their 1st luxury serviced apartment in Mumbai. Also, they set up the 1st of its 'value-for-money' hotels in Bangalore branded 'Ginger' which has eleven hotels in several locations in India.
In 2005: The Company attained 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 enlarge their existing presence in the United Arab Emirates.
In 2006: Through a subsidiary, the company attained the erstwhile 'W' hotel in Sydney Australia, and renamed it as 'Blue Woolloomooloo Bay'.
In 2008: The Company partnered with Saraya Islands to run Taj Exotica Hotel in Ras Al Khaimah, United Arab Emirates. The company and ALDAR Hotels and Hospitality entered an exclusive agreement including several hotel projects.
During 2010-2011: The company ventured into new geographies by entering into management contracts in Mexico and the British Virgin Islands for the growth of high-end Luxury Resorts.
In 2012: The Taj Falaknuma Palace Hyderabad received second place in the 'Best Overseas Holiday Hotels in Asia.
In 2018: Indian Hotels Company declared a comprehensive 5-year business strategy Aspiration 2022' at the Capital Market Day.
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ABOUT INVEST YADNYA
Invest Yadnya is an eLearning platform engaged in educating & simplifying the contents based on personal finance for all individuals. We have combined technology with financial planning expertise to assist an individual in meeting their financial objectives. We provide valuable time, money, and knowledge to create financial literacy in India with the help of Indian Hotel fundamental analysis.
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