What we do Jindal Hotels Ltd operates Grand Mercure Vadodara Surya Palace, a leading 3-star hotel offering 146 rooms, banquet halls, and amenities primarily serving business travelers. |
Founded in 1,984 |
Market share A prominent hospitality player in Vadodara catering to business and MICE clientele with strong brand association to Accor Group. |
Problem solved Provides premium accommodation, event spaces, and dining solutions to business and leisure travelers in Gujarat's rapidly growing hospitality market. |
Top clients or who we serve Mainly B2B and B2C segments including business executives, corporate clients, event organizers, and leisure tourists. |
Key management Mr. Piyush D. Shah (Managing Director) |
Our journey and innovations Since 1984, expanded room capacity, upgraded facilities and partnered with Accor Group in 2017 enhancing global reach and operational standards. |
Where we operate Vadodara, Gujarat with strategic focus on business tourism and regional attractions. |
Top products or what we offer Hotel accommodation, banquet services, restaurants including Azure, health club, and premium event facilities. |
Top brands Grand Mercure Vadodara Surya Palace (#1 business hotel in Vadodara), Azure Restaurant, Royal Room Banquet Hall (largest in Vadodara). |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from room bookings and event hosting; both recurring and seasonal/business cycle dependent. |
Our industry position Leading hotel in Vadodara with strong occupancy, recognized banquet facilities, and Accor brand backing. |
Financial highlights FY 2024-25 revenue Rs. 48.74 crore; PBT Rs. 2.02 crore; Net profit Rs. 1.16 crore; stable operating profit with moderate tax provision impact. |
Geographical revenue split Primarily domestic Indian market centered in Gujarat; no significant international revenue reported. |
Order book - |
Whats driving growth Increasing business tourism in Vadodara, infrastructure growth, Accor partnership, recent room expansions and banquet renovations. |
Our future plans Adding 13 luxury rooms in FY 2024-25, renovating banquet and dining spaces to enhance guest experience and revenue potential. |
Our green promise Adopts energy-efficient lighting, magnetic door locks, LED use, and promotes water saving and EV charging facilities. |
Our people and values Employs over 194 staff fostering a collaborative culture focused on training, guest-centric service, and workplace safety. |
Key challenges ahead Growing competition, cost volatility, economic cycles affecting business travel, regulatory compliance, and operational risks. |
Interesting facts Operated by Accor since 2017, part of one of the world's largest hotel groups with 5300+ properties globally. |
Risks and strategy Mitigates competition and operational risks through brand affiliation, facility upgrades, prudent debt management, and focus on corporate clients. |
