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Club Mahindra Holidays

From Wikipedia - Reading time: 7 min

Mahindra Holidays & Resorts India Ltd. (MHRIL)
Company typePublic
IndustryHospitality
FoundedSeptember 20, 1996; 28 years ago (1996-09-20)
HeadquartersIndia
Area served
Worldwide
Key people
  • Arun Kumar Nanda (Chairman)
  • Kavinder Singh (MD and CEO)
ProductsVacation Ownership (VO)
RevenueIncrease ₹2,623 crore (US$310 million) (2023)[1]
Increase ₹761 crore (US$90 million) (2023)[1]
Increase ₹115 crore (US$14 million) (2023)[1]
Total assetsIncrease ₹9,317 crore (US$1.1 billion) (2023)[1]
Total equityIncrease ₹390 crore (US$46 million) (2023)[1]
ParentMahindra Group
Websitewww.clubmahindra.com

Club Mahindra is an Indian hospitality company established on 20 September 1996. It is a subsidiary of the Mahindra Group and operates a timeshare network of resorts across India and internationally.[2]

Resorts

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Club Mahindra resort in Munnar

As of 2024, Club Mahindra operates over 140 resorts globally.[3] In India, it has more than 80 resorts in diverse landscapes such as the Himalayas, beaches, hill stations, backwaters, deserts, and forests.[4] Internationally, Club Mahindra has properties across Europe, Scandinavia, Asia, Africa, and the Middle East.[4]

Acquisitions

[edit]
  • In 2014, MHRIL acquired an 18.8% stake in European company Holiday Club Resorts Oy.[5]
  • In June 2014, MHRIL acquired Finland-based Holiday Club Resorts for ₹600 crore.[6]
  • In 2015, MHRIL raised its stake in Holiday Club Resorts Oy to 88%.
  • In 2016, it acquired a 12% stake in Nreach Online Services.[7]
  • In 2017, the company increased its stake in Holiday Club Resorts Oy by 6.33%, bringing its total holding to 91.94%.[8]
  • In 2017, MHRIL partnered with the Ideal Group of Companies to expand operations in Sri Lanka.[9]
  • In 2018, Suha Travel & Tours W.L.L became the official distribution partner in Bahrain.[10]

References

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  1. ^ a b c d e "Club Mahindra 2022–23 Annual Report" (PDF). bseindia.com. p. 24.
  2. ^ Merwin, Radhika (30 August 2015). "Should you sign up for timeshares?". The Hindu Business Line.
  3. ^ "Mahindra Holidays & Resorts India Ltd". Business Standard India. Archived from the original on 3 January 2017.
  4. ^ a b "Explore 140+ Resorts in India and Abroad with Club Mahindra". Club Mahindra. Retrieved 31 January 2025.
  5. ^ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". dna. 10 June 2015. Archived from the original on 22 December 2017.
  6. ^ "Mahindra buys Finnish company Holiday Club for Rs 600 crore". The Times of India. 8 July 2014. Archived from the original on 4 February 2017.
  7. ^ "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.
  8. ^ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts". 11 January 2017. Archived from the original on 22 December 2017.
  9. ^ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts". Archived from the original on 22 December 2017.
  10. ^ "Club Mahindra expands to Bahrain". Facebook.{{cite web}}: CS1 maint: url-status (link)[dead link]
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Club_Mahindra_Holidays
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