What we do Benares Hotels Ltd operates luxury and midscale hotels in India, primarily in Varanasi and Gondia, catering to leisure and business travelers under Taj and Ginger brands. |
Founded in 1,971 |
Market share Part of IHCL group with leading presence in hospitality in Varanasi, growing through expansion and renovations. |
Problem solved Provides quality accommodation and hospitality services facilitating tourism and business travel in key locations. |
Top clients or who we serve Leisure and business travelers; B2C hospitality customers; collaborates with IHCL for brand strength. |
Key management Dr. Anant Narain Singh (Chairman), Vishal Singh (CEO), Veeramani Venkata (CFO), Vanika Mahajan (Company Secretary) |
Our journey and innovations Founded in 1971, became IHCL subsidiary in 2011, expanded properties, renovated extensively, added spa facilities, rebranded Gateway Hotel to Ginger in 2023, ongoing room expansion. |
Where we operate India - primarily Varanasi (Uttar Pradesh) and Gondia (Maharashtra). |
Top products or what we offer Hospitality services via Taj Ganges, Taj Nadesar Palace in Varanasi and Ginger Hotel in Gondia; banquet halls, spa, luxury suites. |
Top brands Taj Ganges (luxury, iconic, leading in Varanasi), Taj Nadesar Palace (heritage boutique), Ginger Hotel Gondia (midscale brand, rebranded 2023). |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely cyclical, dependent on travel trends, with increasing leisure travel boosting growth. |
Our industry position Well-regarded regional player under IHCL umbrella with strong brand association and recent growth in occupancy and profitability. |
Financial highlights FY25 Revenue: Rs. 140.67 Cr; Net Profit: Rs. 43.25 Cr; EBITDA: Rs. 64.52 Cr; Profit growth driven by higher occupancy and F&B revenue. |
Geographical revenue split Predominantly India, with primary income from Uttar Pradesh and Maharashtra. |
Order book - |
Whats driving growth Leisure travel recovery, business travel pickup, hotel renovations, new room inventory expansions, and strong brand affiliation. |
Our future plans Construction of 100-room tower at Taj Ganges to raise total inventory to 230 rooms; continued property enhancements planned. |
Our green promise Energy conservation through efficient systems; adherence to ESG norms and corporate social responsibility programs. |
Our people and values Focus on ethical conduct, diversity, and a professional workplace aligned with Tata Code of Conduct. |
Key challenges ahead Maintaining competitive edge amid market fluctuations, regulatory compliance, and managing risks like geopolitical, cyber and climate impact. |
Interesting facts Earned Rs. 9.74 crore in foreign exchange in 1998-99; part of IHCL since 2011; operating hotel since 1971 with continuous expansions. |
Risks and strategy Mitigates risks via risk management policies, diversified clientele, operational efficiencies, and proactive governance. |
