Mahindra Holidays & Resorts India Ltd
NSE: MHRIL BSE: 533088
₹199.48
-1.20 (0.60%)
Fri, 23 Oct 2026, 10:01 pm
Market Cap (in Cr)4038.64
PE Ratio75.93
Dividend0
Consumer Services
Other Consumer Services
24.5KMahindra Holidays & Resorts India Ltd Company History
1996
- The Company was incorporated as Mahindra Holidays & Resorts India Private Limited.
1997
- Acquired land at Varca Village, Goa.
- Launched the first individual product Club Mahindra Holidays Unlimited.
1998
- The status of the Company was changed to a public limited company.
- The fresh certificate of incorporation was granted to the Company.
- First resort opened at Munnar.
1999
- MMJ Resorts and Holidays Private Limited was amalgamated into the Company.
2000
- Second resort opened at Goa.
2001
- Opened resort at Manali.
- Mahindra Sega Entertainment Corporation Ltd was amalgamated into the Company.
- Corbett resort was opened.
- Acquired land in Binsar.
2002
- Acquired land in Coorg.
2003
- First Club Mahindra Holiday World opened in Chennai.
2004
- Number of vacation ownership members was 20,536.
- Received ISO 9001:2000 certification for its property at Lakeview Munnar.
2005
- Entered into a long-term lease for an international resort in Pattaya, Thailand.
- Number of vacation ownership members was 28,491.
- Club Mahindra Kodagu Valley resort was opened in Coorg, Karnataka.
- Acquired land in Puducherry.
- Acquired land in Lonavala.
2006
- Invested in Ashtamudi Resorts Private Limited.
- Launched Club Mahindra Fundays.
- Acquired a resort in Manali.
- Launched Zest, a product to cater to short break holiday needs.
- Number of vacation ownership members was 38,691.
2007
- Launched clubmahindra.travel, a travel-related service.
- Number of vacation ownership members was 53,101.
- Opened Club Mahindra Backwater Retreat at Ashtamudi.
- Entered into a long-term lease for a resort at Auli.
2008
- Launched Zest @ Big Beach, Puduchery, the first signature resort for Zest.
- Club Mahindra.travel received International Air Transport Association accreditation.
- Zest @ Casa Deep Woods, Masinagudi was taken on lease.
- Mahindra Homestays was launched.
- MHRIL and the Kerala Government entered into a strategic alliance.
- Acquired Club Mahindra Tusker Trails, Thekkady.
- Club Mahindra Dancing Waters, Naukuchiyatal was taken on lease.
2009
- Number of vacation ownership members was 92,825.
- Club Mahindra Whispering Pines, Mashobra was taken on lease.
- Club Mahindra.travel was approved as an ACTIVE Member of Travel Agents Association of India.
2010
- Recommended a dividend of Rs. 4/- per Equity Share.
- Appointed Peter Martin as Head of Resort Operations.
2011
- Added 100+ rooms in Goa and launched Club Mahindra Emerald Palms.
- Appointed Mr. Dinesh Shetty as Company Secretary & Compliance Officer.
- Recommended a dividend of Rs. 4.00 per Equity Share.
2012
- Acquired Royal Courts Jaisalmer and launched Club Mahindra, Jaisalmer.
- Acquired M/s. Gables Promoters.
- Acquired a new resort near Shimla.
- Acquired 49% in IHGCL and added a new resort in Bangkok.
2013
- Unveiled a new brand identity for its flagship brand Club Mahindra.
2014
- Acquired a new 60 room resort in Manali.
- Acquired CHPL's resort in Manali.
2015
- Launched its first resort in Kanha, MP.
- Visionsbolaget became a subsidiary of Mahindra Holidays.
2016
- Mahindra Holidays acquired a 12 per cent stake in Nreach Online Services.
2017
- The Company issued Bonus Shares in the Ratio of 1:2.
2018
- Xoxoday acquired FamousEnuf, a tech-powered activation engine.
2020
- Acquired a minority stake in Great Rocksport Private Limited.
- Acquired 6.67% of the share capital of Great Rocksport Private Limited.
- Received Tripadvisor Travellers' Choice Awards for 29 Club Mahindra Resorts.
- Club Mahindra Kanatal received Tripadvisor Travellers' Choice Awards.
- Club Mahindra Varca, Goa received Tripadvisor Travellers' Choice Awards.
- Club Mahindra Emerald Palms, Goa received Tripadvisor Travellers' Choice Awards.
- Club Mahindra Mashobra, Shimla received Tripadvisor Travellers' Choice Awards.
2021
- The Company issued Bonus Shares in the Ratio of 1:2.
2022
- Mahindra Holidays acquired the balance equity shares of Great Rocksport Private Limited.
