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The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service.

These include Taj – the iconic brand for the most discerning travellers and ranked as the World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2023 and India 100 Report 2023, respectively; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 263 hotels including 75 under development globally across 4 continents, 12 countries and in over 100 locations.

The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.

IHC: Unlocking Tomorrow

Business Highlights

Taj reaches landmark 100th hotel milestone: the iconic brand Taj reached a portfolio of 100 hotels and has more than doubled its room inventory over the past five years. Key signings under the brand:

  • Taj Dhaka, a 230-room hotel in the capital city of Bangladesh
  • Taj Riyadh, a 205-room hotel in the heritage city of Diriyah in Saudi Arabia
  • Two Taj resorts in Lakshadweep, 110-room resort each on Suheli and Kadmat islands
  • Taj added to its presence with a hotel each in key cities of Chennai, Bengaluru and Cochin
  • Taj marked its entry to the state capitals of Raipur and Gandhinagar with a 150-room hotel and 118 room resort and spa respectively
  • Opened three new Taj hotels across Kolkata, Wayanad and Jaipur and an addition to its palace portfolio with Sawai Man Mahal, Jaipur
  • Taj continues to retain the dual honour of World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2023 and India 100 Report 2023

Record portfolio growth and balanced portfolio

  • With a record signing of 36 hotels in FY 2022-2023, IHCL portfolio now stands at 260+ hotels
  • Achieved industry leading performance with 16 new hotel openings in FY23. This included four hotels each under Taj and SeleQtions brands, three Vivanta and five Ginger branded hotels.
  • In line with its initiative to restructure its portfolio under Ahvaan 2025, IHCL has attained a balanced portfolio mix between its owned/leased and managed hotels

Reimagined and new businesses

  • Ginger hotels reported a turnaround in FY 2022-23, led by a 50% Lean Luxe portfolio, the company achieved revenue of INR 307 crores, EBITDA margin of 37.4% and a PBT of INR 48 crores
  • TajSATS captured a market share of 58% in FY 2022-23, clocking a revenue of INR 641 crores a 53% growth over pre-Covid, EBITDA margin of 19.7% and a PBT of INR 107 crores
  • Under the new businesses, Qmin grew to 34 outlets with a presence across 24 cities and amã Stays & Trails witnessed a 42% growth in portfolio this fiscal reaching 114 bungalows across 50+ locations

Driving sustainable businesses: Paathya - IHCL’s ESG+ framework, key highlights for the year include:

  • IHCL’S flagship Taj Mahal Palace, Mumbai is now 100% green
  • 310 EV charging stations across 129 locations in India
  • 32.5% renewable energy and 42% water recycled usage across operating hotels
  • 20 hotels equipped with bottling plants to eliminate use of single use plastic bottles
  • 16 skilling centres across the country with a presence in Gwalior, Lucknow, Jaipur, Jamshedpur among others

Financial Highlights FY23

Source: IHCL Investor Website

No. Label 2022-23 (Rs crore)
1 Revenue 5,949
2 EBITDA 1,943
3 PAT 1,003
4 Hotels 264
5 Keys 31,483

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