No AnnouncementsThe Indian Hotels Company Limited (IHCL) is India’s leading hospitality company, incorporated in 1902, and positions itself as the custodian of Indian hospitality with a diversified House of Brands spanning luxury, upscale, lean luxe, boutique hotels, homestays, air catering and exclusive memberships . Its portfolio includes Taj, SeleQtions, Vivanta, Ginger, Gateway, amã Stays & Trails, Qmin, TajSATS, The Chambers, J Wellness Circle and, via acquisition, Tree of Life; during the year, the company also entered a brand licence for The Claridges Collection for India and Nepal . IHCL operates across India and key international markets, with assets and subsidiaries in the United States, United Kingdom, South Africa, Singapore, Hong Kong, the Netherlands and Germany; flagship international properties include The Pierre, New York; Taj Campton Place, San Francisco; and St. James’ Court and Taj 51 Buckingham Gate in London .
As on April 30, 2025, IHCL’s portfolio totalled 381 hotels (operational plus pipeline), underpinned by 26 openings and 74 signings in FY 2024-25; the company recorded 69 Per cent occupancy, welcoming 141 lakhs guests across 61.47 lakhs room nights . The company had 33 subsidiaries, 6 associates and 6 joint venture companies as on March 31, 2025 . Over recent years, IHCL has scaled its footprint from 155 to 381 hotels and from 18,000+ to 46,500+ rooms, reflecting a 2.5x expansion since FY17, alongside transformation into a strong net cash position and record profitability metrics .
– N. Chandrasekaran, Chairman
– Puneet Chhatwal, Managing Director & Chief Executive Officer
– Ankur Dalwani, Executive Vice President & Chief Financial Officer (appointed with effect from July 1, 2024)
– Beejal Desai, Executive Vice President – Corporate Affairs & Company Secretary (Group)
– Strategic acquisitions and consolidation: IHCL acquired 55 Per cent equity in Rajscape Hotels Private Limited on January 13, 2025, bringing the experiential Tree of Life Resorts & Hotels under its fold; TajSATS moved from joint venture to subsidiary effective July 23, 2024 .
– Brandscape expansion: The company secured a brand licence for The Claridges Collection in India and Nepal, and created a New Businesses vertical comprising Ginger, Qmin, amã Stays & Trails and Tree of Life to accelerate capital-light growth .
– Portfolio momentum: FY 2024-25 marked the highest-ever signings and openings—74 signings and 26 openings—taking the total portfolio to 381 hotels as on April 30, 2025 .
– Digital transformation: IHCL strengthened its digital core with SAPLink (integrating SAP S/4HANA, SuccessFactors and Ariba) and Opera Cloud PMS for real-time operations; 129 hotels were integrated to the I-ZEST front office platform and 103 migrated to PMS Cloud .
– Awards and recognition: Taj was ranked the World’s Strongest Hotel Brand (Hotels 50 2024) for the third time and India’s Strongest Brand across sectors (India 100 2024) for the fourth time; IHCL was recognised as Turnaround Star at the Forbes Leadership Awards 2025, among other honours .
– Performance and ratings: The Group delivered record profitability with EBITDA at 35.0 Per cent of turnover, remained net cash positive, and had its AA+ ratings reaffirmed by CARE and ICRA; long-term borrowings at the standalone company stood at Nil as on March 31, 2025
IHCL operates a House of Brands across hotels, resorts, homestays, air catering, food and beverage, members’ clubs and wellness. Its brands include Taj, SeleQtions, Vivanta, Ginger, amã Stays & Trails, Qmin, TajSATS, The Chambers and J Wellness Circle, among others .
IHCL has a wide footprint across India and operates in key international markets including the United States, United Kingdom, South Africa, Singapore, Hong Kong, the Netherlands and Germany; notable hotels include The Pierre in New York and St. James’ Court in London .
As on March 31, 2025, IHCL had 33 subsidiaries, 6 associates and 6 joint venture companies.
