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Club Mahindra is an Indian hospitality company founded on 20 September 1996, which is a part of the Mahindra Group. It runs a number of resorts on a time share system, selling 25-year memberships which allow members to stay at the company's resorts for a week every year.[3]
 | |
| Company type | Resorts |
|---|---|
| [1] | |
| Industry | Hospitality |
| Founded | September 20, 1990 |
Area served | Worldwide |
Key people |
|
| Products | Vacation Ownership (VO) |
| Revenue |  ₹2,623 crore (US$310 million) (2023)[2] |
| ₹761 crore (US$91 million) (2023)[2] | |
| ₹115 crore (US$14 million) (2023)[2] | |
| Total assets | ₹9,317 crore (US$1.1 billion) (2023)[2] |
| Total equity |
₹390 crore (US$47 million) (2023) [2] |
| Parent | Mahindra Group |
| Website | www |
Club Mahindra Resorts
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As of 2017, Club Mahindra operated over 110 resorts in India.[4]
Acquisitions
edit- In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.[5]
- In June 2014, the company acquired Finland-based Holiday Club Resorts for ₹ 600 crore.[6]
- In 2015, MHRIL increased its stake in Holiday Club Resorts Oy to 88 percent.
- In 2016, MHRIL signed a pact to buy 12 percent stake in Nreach Online Services.[7]
- In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.[8]
- In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.[9]
- In 2018, Suha Travel & Tours W.L.L[10] Became The Official Distribution Partner In The Kingdom Of Bahrain
References
edit- ^ "Club Mahindra plans expansion on 10th anniversary".
- ^ a b c d e "Club Mahindra 2021-22 Annual Report" (PDF). bseindia.com. p. 24.
- ^ Merwin, Radhika (30 August 2015). "Should you sign up for timeshares?".
- ^ "Mahindra Holidays & Resorts India Ltd". Business Standard India. Archived from the original on 3 January 2017.
- ^ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". Archived from the original on 22 December 2017.
- ^ "Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India". The Times of India. 8 July 2014. Archived from the original on 4 February 2017.
- ^ "Mahindra Holidays to acquire 12% stake in Nreach". Business Standard India. Press Trust of India. October 2016. Archived from the original on 22 December 2017.
- ^ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts". 11 January 2017. Archived from the original on 22 December 2017.
- ^ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts". Archived from the original on 22 December 2017.
- ^ c. "Club Mahindra". Facebook.[dead link]