Club Mahindra Holidays

Indian holiday resort operator

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Mahindra Holidays & Resorts India Ltd. (MHRIL)

Company type| Public

Traded as

* NSE: MHRIL
* BSE: 533088

Industry| Hospitality
Founded| September 20, 1996; 28 years ago (1996-09-20)
Headquarters| India

Area served

| Worldwide

Key people

* Arun Kumar Nanda (Chairman)
* Kavinder Singh (MD and CEO)

Products| Vacation Ownership (VO)
Revenue|  ₹2,623 crore (US$310 million) (2023)[1]

Operating income

|  ₹761 crore (US$90 million) (2023)[1]

Net income

|  ₹115 crore (US$14 million) (2023)[1]
Total assets|  ₹9,317 crore (US$1.1 billion) (2023)[1]
Total equity|  ₹390 crore (US$46 million) (2023)[1]
Parent| Mahindra Group
Website| www.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

[edit]

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

[edit]

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]

* v
* t
* e

Mahindra Group

Divisions and
subsidiaries|

| Mobility|

| Mahindra &
Mahindra|

* Mahindra Gujarat
* Mahindra Tractors
* Mahindra Truck and Bus
* Erkunt Tractor
* ArmaTrac
* Mitsubishi Agricultural Machinery (33%)
* Pininfarina (76.06%)
* Punjab Tractors Ltd.

|

Mahindra
Two Wheelers|

* BSA Company
* GenZe

Other|

* Mahindra Electric
* Carandbike.com

Aerospace & defence|

* Mahindra Aerospace
* GippsAero
* Defense Land Systems (JV)

Information technology|

* Tech Mahindra
* Mahindra Satyam

Financial services|

* Mahindra & Mahindra Financial Services Limited

Component Manufacturing|

* Mahindra Accelo

Other|

* Mahindra Susten
* Mahindra Ugine Steel
* Mahindra Holidays & Resorts
* Mahindra Racing
* Meru Cabs

People|

* Anand Mahindra
* Jagdish Chandra Mahindra
* Kailash Chandra Mahindra
* Keshub Mahindra
* C. P. Gurnani
* Pawan Kumar Goenka
* Rajesh Jejurikar
* Bhaskar Ramamurthi
* Chetan Maini

Philanthropy|

* Project Nanhi Kali

Institutions|

* Mahindra United World College of India
* Mahindra University

Category

* v
* t
* e

Timeshare chains

* Bluegreen Corporation
* Club Mahindra Holidays
* Diamond Resorts
* Disney Vacation Club
* Hilton Grand Vacations
* Interval International
* Marriott Vacations Worldwide
* Marriott Vacation Club
* Royal Holiday Club
* Trading Places International
* Travel + Leisure Co.
* RCI
* WorldMark by Wyndham
* Wyndham Vacation Resorts Asia Pacific
* Vida Vacations
* Westgate Resorts

* Category

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template