Indian Hotels Co Ltd
NSE: INDHOTEL BSE: 500850
₹681.50
(2.65)%
Tue, 03 Feb 2026, 11:14 am
Market Cap945.44B
PE Ratio57.54
Dividend0.34
Consumer Services
Hotels/Resorts/Cruise lines
24.5Kindian hotels co ltd History
1902
- Company incorporated on 1 April.
- Owned and managed Taj Mahal Hotel and Green's Hotel until 1965.
- Started business of hotel, restaurant, cafe, tavern, beer house, refreshment room, and lodging house keepers.
- Owns Willington Mews and Mandlik House in Mumbai for parking and staff accommodation.
1972
- Taj Intercontinental Hotel formally opened on 1 August.
1978
- Taj Investment & Finance Co. Ltd. became subsidiary effective 7 December, holding 2,46,110 equity shares.
1979
- Finalised negotiations with Government of Sri Lanka for 400-room hotel in Colombo by Taj Lanka Hotels Ltd.
- Issued 20,16,000 bonus equity shares in proportion 4:5.
1980
- Started providing technical know-how for 186-room Taj Sheba Hotel at Sanaa, Yemen.
- Government of India approved JV investment equivalent to US $4 million.
- Borrowed US $1.50 million offshore loan from Hongkong & Shanghai Banking Corporation for Taj Lanka equity.
1981
- Undertook to set up international standard hotel at Calcutta, commissioned 1988-89.
- Issued 18,14,400 bonus equity shares in proportion 2:5.
1982
- Delhi Development Authority accepted offer for 500-room hotel in Delhi for ASIAD '82.
- Made rights-cum-public issue of Rs 15 crore secured convertible bonds.
- Redeemed 55,000 9.3% preference shares at par on 31 December.
1983
- Signed agreement with Spencer International Hotels for licence to operate Connemara Hotel Chennai, West End Hotel Bangalore, Savoy Hotel Ootacamund.
1984
- Issued 12,00,000 15% secured non-convertible debentures of Rs 100 each aggregating Rs 12 crores on rights basis.
1985
- Issued 15,00,000 equity shares at premium Rs 15 on part conversion of 13.5% bonds.
1986
- Took over Hotel Chandela at Khajuraho on leave and licence basis from 18 December.
- Commissioned Jai Mahal Palace Hotel at Jaipur with 103 rooms.
1987
- Offered 15,70,000 12.5% convertible debentures on rights basis, oversubscribed to 19,62,500; 43,621 to employees.
- Converted Rs 35 portion of debentures into equity shares.
- Issued 20,06,121 equity shares at premium Rs 25 on conversion of 12.5% debentures.
1989
- Signed agreement with USSR for joint ventures in Tashkent, Samarkand, Bukhara.
- Proposed JV with Club Med for beach resorts.
- Proposed JV with Maharashtra Tourism Development Corporation for beach resorts and hotels.
- Issued 49,28,261 bonus equity shares in proportion 1:2.
1990
- Hotel operations adversely affected by political disturbances.
1993
- Issued 49,28,261 rights equity shares in proportion 1:3 at premium Rs 450.
- Issued 2,46,413 equity shares at premium Rs 50 to employees.
1994
- Commissioned 110-room Taj Luxury Hotel at Lucknow.
- Promoted Taj Kerala Hotels and Resorts Ltd at Kumarakom.
- Incorporated JV Taj Karnataka Hotels & Resorts Ltd with Government of Karnataka.
- Formed JV Taj Chennai Flight Kitchen Pvt Ltd.
- Issued 51,95,783 GDRs at US $16.60 each.
- Issued 199,59,456 bonus equity shares in proportion 1:1.
1995
- Commissioned 50-room Taj Garden Retreat at Varkala and 100-room Taj Residency at Nashik.
- Planned luxury hotels in Mumbai and Chennai; acquired land in Calcutta; Taj Residency Calicut scheduled for 1996-97.
1996
- Entered profit sharing agreement with Nizam of Hyderabad for Falaknuma Palace.
- Executed MOU with Rajah Muthiah Chettiar Trust for hotel in Adyar.
- Declared successful bidder for MMRDA Hotel-Cum-Convention project in Mumbai.
- Entered technical assistance agreement for Fishermen's Cove beach resort.
- KTC Hotels Ltd became wholly owned subsidiary.
1997
- RBI condoned financial transactions of international subsidiary.
- Called off Rs 1000 crore hotel-cum-convention centre project in Bandra-Kurla.
- Launched second major organisational restructuring.
1998
- Signed JV with Dynamic Logistics for 125-room Taj Residency in Pune.
- Became first hospitality company to offer stock options to top employees.
- Taj Palace Hotel won Best Business Hotel in Asia 1998.
- IHCL is 100% subsidiary of Taj International Hotels (Hong Kong) Ltd.
1999
- IHHR setting up Ananda-in-the-Himalayas resort and spa.
- Entered strategic alliance with GVK group for Taj GVK Hotels and Resorts.
- Looking for JV for London-based St. James Court.
- Proposed to buy 6.28% stake in Oriental Hotels from TIFCO.
2000
- NCD programme assigned LAAA rating by ICRA.
- Introduced Voluntary Retirement Scheme with payments Rs 28.80 crore up to September.
- Planned joint venture with local partner for South East Asia foray.
- Shortlisted strategic investor for 50% stake in Taj Asia.
2001
- Introduced Voluntary Retirement Scheme with payments aggregating Rs 36.30 crore up to December 2000.
- Approved transfer of Air Catering Division to Taj Air Caterers Ltd as JV with SATS.
- Signed management contract for 320-room 5-star hotel in Dubai.
2002
- Planned re-entry into budget hotel category.
- Announced $75 million investment to acquire international hotel chains.
- Passed resolution to raise long-term debt for modernization and expansion.
- Completed borrowing programme of Rs 3000 million.
- Returned 8-acre hotel site in Kolkata to Municipal Corporation.
- In talks with Chaudhary group of Nepal and African company for environmental/wildlife tourism.
- Mr Raymond Bickson appointed director.
- Entered agreement with Citibank NA for GDS fungibility.
2003
- Deferred consideration of sale of two hotel properties.
- Decided to sell two hotel properties to PIEM Hotels.
- Embarked on renovation of leisure hotels in Kerala, Goa, Rajasthan, Tamil Nadu costing Rs 100 crore.
- Mr Shapoor Mistry appointed non-executive director.
- Planned new firm for spa business under Taj.
- Board approved sale of hotel property in Chiplun, Maharashtra and alteration of object clause.
- Board approved acquisition of hotel property in US.
2004
- Appointments: Mr Franz Zeller as SVP & COO Luxury Hotels; Mr Rajiv Kaul as VP Mumbai Hotels; Mr John Gerrard as Director Sales & Marketing; Mr Maneck Patel as SVP Business & International Relations.
- American Express tied up with Taj Hotels for money-saver programme.
- Taj Hotels inked pact with CC Africa for wildlife tourism.
- Taj Hotels partnered with Denis Island.
2005
- Indian Hotels entered agreement to purchase W Hotel, Sydney.
- Taj Hotels joined hands with ETA Star Property Developers.
2006
- Company delisted shares from Madras Stock Exchange effective 13 October.
- Company split face value of shares from Rs 10 to Re 1.
2007
- Indian Hotels bought 10% stake in Orient-Express for Rs 850 crore.
2008
- Mr. Anil P Goel and Mr. Abhijit Mukerji appointed Whole-Time Directors.
- Ms. Anu Aga and Mr. Nadir Godrej appointed Additional Independent Directors.
- Company issued rights in ratio 1:5 at premium of Rs 69 per share.
- Indian Hotels launched Gateway Hotel Chain.
2009
- Bombay Brasserie awarded Best Restaurant in London at British Curry Awards.
- Jiva Spa nominated for Best Spa Treatment at Asia Spa India Awards.
2010
- Taj Hotels received Gallup Great Workplace Award 2010.
2011
- Mr. Beejal Desai appointed Vice President - Legal & Company Secretary.
- Mr. Mehemosh S. Kapadia appointed Executive Director - Corporate Affairs.
2012
- Indian Hotels Company made USD 1.86 billion offer to acquire Orient Express.
- IHCL made unsolicited USD 1.42 billion bid for Orient-Express Hotels.
2013
- Delhi Development Authority renewed lease of Taj Palace Hotel for 25 years.
- Taj Mahal Hotel, New Delhi awarded Tripadvisor Certificate of Excellence.
- Taj Falaknuma Palace, Hyderabad won 2nd place in Best Overseas Holiday Hotels in Asia and India at Conde Nast Traveller UK Awards.
- Taj Hotels won Best Hotel Chain in India at UK Business Traveller Awards.
2014
- Taj Mahal Palace, Mumbai named Best Overseas Business Hotel at Conde Nast Traveller UK Readers' Travel Awards.
- Taj Falaknuma Palace, Hyderabad ranked 5th in World's Best Hotels in Asia & India.
- Rambagh Palace, Jaipur ranked 11th in World's Best Hotels in Asia & India.
- Souk at Taj Mahal Palace, Mumbai earned Wine Spectator Award.
- Varq at Taj Mahal Hotel, Delhi voted 36th on San Pellegrino's 50 Best Restaurants in Asia.
- Indian Hotels Company announced rights issue in ratio 9:40.
2015
- Thai Pavilion at Vivanta by Taj - President, Mumbai, won best Fine Dining Thai Cuisine Restaurant in South Mumbai at Times Food & Nightlife Awards.
- Konkan Cafe at Vivanta by Taj - President, Mumbai, won best Casual Dining South Indian and Coastal Restaurant in South Mumbai.
- Trattoria at Vivanta by Taj - President, Mumbai, won best Casual Dining 24-hr and Best Italian Restaurant in South Mumbai.
2017
- Taj Hotels led at first Top Restaurant Awards by Conde Nast Traveller.
- Taj Hotels Palaces Resorts Safaris favourite at Conde Nast Traveller Readers' Travel Awards 2017.
- Taj Hotels launched Taj Wedding Studio.
- Taj Hotels led Conde Nast Traveler US Readers’ Choice Awards with three hotels in top 50.
2018
- IHCL to open second Ginger hotel in Visakhapatnam.
- IHCL recognised as only Indian hospitality company to win Gallup Great Workplace Award.
- IHCL joined initiative to beat plastic pollution during World Environment Day.
- IHCL signed new hotel in Lonavala.
- IHCL received Corporate Governance Award 2018.
2019
- IHCL partnered with Tata Medical Center ahead of World Cancer Day.
- IHCL forayed into plantation trails and homestays with launch of Ama Trails & Stays.
- IHCL expanded footprint in NCR with signing of Vivanta hotel in Greater Noida.
- IHCL announced partnership with Sixth global car rental company.
- IHCL partnered with Essec Business School for scholarships for employees.
- IHCL won Golden Peacock Award for Excellence in Corporate Governance.
2020
- IHCL launched mobile application for Qmin home delivery platform.
- IHCL partnered with Paper Moon Italy for Italian restaurants.
- IHCL partnered with Tata Power for solar energy in Mumbai hotels.
2021
- Qmin introduced comfort food menus on app.
- IHCL expanded presence in West Bengal with signing of new SeleQtions hotel.
- IHCL partnered with Sudarshan Bharat Parikrama Rally.
2022
- IHCL announced opening of Raajkutir, IHCL SeleQtions hotel in Kolkata.
- IHCL expanded presence in Kerala with signing of SeleQtions hotel in Bekal.
- IHCL expanded presence in Uttarakhand with signing of new SeleQtions resort.
- IHCL partnered with UNESCO to preserve intangible cultural heritage of India.
- IHCL announced Taj hotel and branded residences in Chennai.
2023
- IHCL announced opening of Taj Sawai, Ranthambore.
- IHCL expanded presence in Maharashtra, signed SeleQtions hotel in Bandra, Mumbai.
- IHCL announced signing of new Vivanta hotel in Talegaon, Pune.
- IHCL debuted in Itanagar, Arunachal Pradesh with signing of Vivanta hotel.
- IHCL honoured at Economic Times Legal Awards 2023.
2024
- IHCL launched Taj Cochin International Airport.
- IHCL announced country's largest hospitality skilling centre at Aguada Plateau in Goa.
- IHCL announced signing of Ginger hotel in Chakan, Maharashtra.
- IHCL announced signing of resort in Kandla, Gujarat, branded as Gateway resort.
- IHCL and Tata STRIVE announced strategic partnership with Tripura Tribal Areas Autonomous District Council.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800