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ITC Hotels is an Indian hospitality company that operates and manages hotels. It has over 100 hotels and is India's third largest hotel chain. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. ITC Hotels was a subsidiary of ITC Limited until its demerger in 2025. [2]
ITC is a constituent of two major stock market indices of India: BSE SENSEX and NIFTY 50 of NSE. [26] In July 2023, ITC Limited's board of directors approved the demerger of its hotel business and the formation of a wholly owned subsidiary called ITC Hotels. [27] The demerger came in to effect on 1 January 2025. [28]
The big shareholder groups in ITC Limited (NSE:ITC) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions Read ...
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The two major holding companies of The Oberoi Group are EIH Ltd and EIH Associated Hotels (formerly East India Hotels). [8] Arjun Singh Oberoi is the current chairman of The Oberoi Group, his brother, Vikramjit Singh Oberoi at the holding companies. The Oberoi family is the majority shareholder in EIH Ltd with a 32.11% stake. [9]
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The ITC Grand Chola is a 5-star luxury hotel in Chennai, India. [4] It is located in Guindy , opposite SPIC building and along the same row of buildings as Ashok Leyland Towers. The building, designed by Singapore -based SRSS Architects, is of mixed-use development with three separate wings and is themed after traditional Dravidian architecture ...
The first hotel of the company was opened — The Taj Mahal Palace Hotel in Colaba neighbourhood of Bombay opened in 1903. [10] It was the first five star hotel in India with modern elevators and Russian carpets. [11] In 1980 the Taj Group opened their first international hotels: the Taj Sheba Hotel in Sana'a, Yemen and the Taj Pamodzi in ...