What we do Best Eastern Hotels Ltd operates in the hospitality sector, managing 'The Usha Ascot' resort at Matheran Hill Station, offering luxury accommodations with modern amenities and recreational facilities. |
Founded in 1,986 |
Market share A notable player in Matheran's hospitality market with exclusive air-conditioned cottages, catering to leisure tourists. |
Problem solved Provides premium resort accommodations blending comfort and entertainment for hill station visitors, addressing demand for quality hospitality services in Matheran. |
Top clients or who we serve Primarily leisure travelers and tourists visiting Matheran; B2C hospitality clientele. |
Key management Vinaychand Kothari - Chairman & Managing Director; Dilip V Kothari - Joint Managing Director & CFO; Dr. Rahul Ramnik Baxi - Non-Executive Independent Director. |
Our journey and innovations Incorporated in 1986, the company developed The Usha Ascot resort with unique all-AC cottages and diverse recreational amenities, maintaining a legacy in hospitality. |
Where we operate Operates solely in India, mainly at the Matheran Hill Station in Maharashtra. |
Top products or what we offer Luxury resort accommodations, multi-cuisine dining options, recreational clubs, discotheque, health club with spa facilities, and event spaces. |
Top brands The Usha Ascot - flagship resort with all cottages air-conditioned, pool views, and extensive guest amenities. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily cyclical, influenced by tourism seasons and regional travel demand. |
Our industry position A recognized hospitality provider in the niche Matheran market with premium resort offerings; modest scale relative to national chains. |
Financial highlights 2024-25 revenue at Rs. 6.38 crores; marginal profit before tax Rs. 0.34 lakhs; faced margin pressure due to rising input costs. |
Geographical revenue split Revenue entirely from Indian operations, specifically at Matheran, Maharashtra. |
Order book - |
Whats driving growth Tourism demand in hill stations, upgraded resort amenities, and focus on guest experience driving revenue growth potential. |
Our future plans Enhancements to resort facilities and amenities aimed at increasing profitability and market competitiveness. |
Our green promise Committed to energy conservation through lighting upgrades and exploring alternative energy sources at the resort. |
Our people and values Focus on employee dedication, guest satisfaction, and community welfare through medical camps and educational support. |
Key challenges ahead Managing rising operational costs and competitive hospitality environment while maintaining quality service standards. |
Interesting facts Only resort at Matheran with 100% air-conditioned cottages; offers unique recreational facilities including a sunken bar and discotheque. |
Risks and strategy Exposure to tourism fluctuations and cost pressures mitigated via quality differentiation and focused local market presence. |
