Club Mahindra Holidays

Mahindra Holidays & Resorts India Ltd. (MHRIL)
Company typeResorts
[1]
IndustryHospitality
FoundedSeptember 20, 1990; 34 years ago (1990-09-20)
Area served
Worldwide
Key people
  • Arun Kumar Nanda (Chairman)
  • Kavinder Singh (MD and CEO)
ProductsVacation Ownership (VO)
RevenueIncrease ₹2,623 crore (US$300 million) (2023)[2]
Increase ₹761 crore (US$88 million) (2023)[2]
Increase ₹115 crore (US$13 million) (2023)[2]
Total assetsIncrease ₹9,317 crore (US$1.1 billion) (2023)[2]
Total equityIncrease ₹390 crore (US$45 million) (2023) [2]
ParentMahindra Group
Websitewww.clubmahindra.com

Club Mahindra is an Indian hospitality company founded on 20 September 1996, which is a subsidiary of the Mahindra Group. It operates a network of resorts across India and abroad offering a time share vacation ownership model selling 25-year memberships, allowing members to stay at Club Mahindra resorts for a designated period (usually a week) each year.[3]

Club Mahindra Resorts

Club Mahindra resort in Munnar

As of 2024, Club Mahindra operates over 140 resorts in India.[4]

Acquisitions

  • 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

  1. ^ "Club Mahindra plans expansion on 10th anniversary".
  2. ^ a b c d e "Club Mahindra 2021-22 Annual Report" (PDF). bseindia.com. p. 24.
  3. ^ Merwin, Radhika (30 August 2015). "Should you sign up for timeshares?".
  4. ^ "Mahindra Holidays & Resorts India Ltd". Business Standard India. Archived from the original on 3 January 2017.
  5. ^ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". Archived from the original on 22 December 2017.
  6. ^ "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.
  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. ^ c. "Club Mahindra". Facebook.[dead link‍]