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Mahindra Holidays and Resorts India Ltd.

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Mahindra Holidays and Resorts India Ltd.

  • Leading player in leisure hospitality industry and vacation ownership industry in India
  • Total income (standalone) stood at Rs. 1,037.1 crore (US$ 147.13 million) in FY20
  • Q3 FY21 revenue: Rs. 489.14 crore (US$ 66.6 million)
  • The company operates 100+ resorts spread across the country and abroad

Mahindra Holidays and Resorts India Limited (MHRIL) is a part of the leisure and hospitality sector of the Rs. 14,467.23 crore (US$ 20.7 billion) multinational Mahindra Group. It offers conventional vacation ownership programmes. MHRIL is one of the largest vacation ownership brands in the world. It is the market leader in India in vacation ownership industry. As of FY20, the company employed 24 million people across 100 countries. The company has 70 resorts across various locations in India and abroad. MHRIL caters to the urban families which can incur discretionary expenditure on vacations. The company has a vision to be in the top five vacation ownership (VO) companies in the world in terms of member base by 2021.

Company Website:

Mahindra Holidays and Resorts India Limited – A holiday you own


The company posted financial results for Q1 2021 with net sales of Rs. 496.2 crore (US $ 68.1 million) and net loss of Rs. 9.7 crore (US $ 1.3 million)

Mahindra Holidays to add 4 resorts in Q4 of FY21.

Mahindra Holidays & Resorts India Limited announced acquisition of a strategic minority stake (6.67% stake) in Great Rocksport Private Limited (Rocksport), Asia’s largest adventure programme.

Plan to invest Rs. 1200–1500 crore (US$ 163.08–203.85 million) to build ~1500 rooms units over the next 3–4 years

2019 The Himachal Pradesh government signed a memorandum of understanding (MoU) with Mahindra Holidays and Resorts for Rs. 300 crore (US$ 42.92 million) investment in the state
2018 Won ET Now Rise with India - CSR Leadership Award for ‘Regulation of Corporate and Environmental Behaviour 2017 – 2018
2016-17 Income surged five times and room inventory reached to 3,326 units.
2015-16 Member count increased to 199,720. With a 26 per cent year-on-year increase
2014 Acquired about 19 per cent stake in Finland based Holiday club (HCR)
2009-10 became an active member of Travel Agents Association of India for the year 2009-10
2008 Launched Mahindra HomeStays
2007 Number of vacation ownership members crossed 50,000 mark to reach at 53,031 members in March 2007
2005 Entered into a long-term lease for an international resort in Pattaya, Thailand
2003 First Club Mahindra Holidays World opened in Chennai
1998 First ever hotel was inaugurated in Munnar, followed by one in Goa in 1999
Launched first individual product 'Club Mahindra Holidays Limited'
1996 The company was incorporated

Mahindra Holidays to add 4 resorts in Q4 of FY21.


Tourism and Hospitality
In FY20, 39 million jobs were created in the tourism sector in India, which was 8.0% of the total employment in the country.