Mahindra Holidays and Resorts India Ltd.
The tourism sector is projected to contribute US$ 250 billion to the country’s GDP by 2030, generating employment for 137 million individuals.
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 the 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 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.
- 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 FY20-21
- Q2 FY22 (April-June) revenue: Rs. 196.73 crore (US$ 26.50million)
- The company operates 100+ resorts spread across the country and abroad
Mahindra Holidays and Resorts India Limited – A holiday you own
| Year | Milestone |
|---|---|
| 2023 |
Club Mahindra, the flagship brand of Mahindra Holidays & Resorts India Limited, has been working towards the promotion of sustainable fuel-wood management in the local communities of Mussoorie and Varca. Club Mahindra has unveiled an industry-first unique experiential platform-‘The Stage’ for India’s evolving vacationers. This innovative IP aims at creating a holistic engagement and entertainment podium for people through multiple initiatives ranging across sports, arts, music, comedy, and drama. |
| 2022 |
Mahindra Holidays & Resorts India Ltd plans to invest up to Rs. 1,500 crore (US$ 181.7 million) in the next three years in expansion, including room additions and resort acquisitions. |
| 2021 |
In December 2021, Mahindra Holidays and Resorts announced plans to add over 300 rooms by the end of March. In October 2022, Mahindra Holidays and Resorts' PAT increased two-fold in the second quarter, resulting in a profit of Rs. 60 crore (US$ 789,510). The company posted financial results for Q2 FY22 with revenue of Rs. 196.73 crore (US$ 26.50 million) Mahindra Holidays to add 4 resorts in Q4 of FY21. |
| 2020 |
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 |
Clubmahindra.travel 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 |
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