What we do Mahindra Holidays & Resorts India Ltd operates a vacation ownership business, offering family holiday memberships with stays at resorts and holiday experiences globally. |
Founded in 1,996 |
Market share Market leader in India’s family holiday and vacation ownership space; largest outside the US. |
Problem solved Provides affordable, flexible holiday ownership and curated vacation experiences to meet varied consumer leisure needs. |
Top clients or who we serve Serves families and leisure travelers globally through B2C vacation ownership memberships and resort stays. |
Key management Mr. Manoj Bhat, Managing Director & CEO with expertise in hospitality and service industries. |
Our journey and innovations Founded in 1996; expanded resort network including India and Europe; diversified products like Club Mahindra, Zest, Homestays and travel services; continuous inventory addition and technology upgrades. |
Where we operate India, Finland, Sweden, Spain, Thailand, Malaysia, Dubai, and various leisure destinations worldwide. |
Top products or what we offer Vacation ownership memberships (Club Mahindra Holidays, Zest), Mahindra Homestays, corporate Fundays, travel integration services, and international resort partnerships. |
Top brands Club Mahindra Holidays (#1 family vacation ownership brand in India), Zest (short break holidays), Mahindra Homestays, Holiday Club Resorts (Europe). |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly recurring from membership fees and annual subscriptions; resort revenues have strong seasonal cyclicality. |
Our industry position Leading position in India's vacation ownership sector and significant presence in Europe via subsidiaries like Holiday Club Resorts. |
Financial highlights FY 2024-25 standalone revenue Rs. 1545 Cr, PAT Rs. 200 Cr; consolidated revenue Rs. 2910 Cr, PAT Rs. 126 Cr indicating steady growth. |
Geographical revenue split India: Rs. 1423 Cr; Outside India: Rs. 1346 Cr; Others: Rs. 11 Cr (FY 2024-25). |
Order book - |
Whats driving growth Growing discretionary spending, new resort launches, product refresh with feature-rich plans, and digital sales transformation. |
Our future plans Expansion to 12k keys by FY30, adding new resorts, developing luxury leisure hospitality, and strengthening member experiences. |
Our green promise Committed to sustainable practices and conserving ecological integrity of resort locations. |
Our people and values Focus on inclusivity, diversity, women’s workforce development, employee stock option schemes, and ethical corporate governance. |
Key challenges ahead Macroeconomic headwinds, inflation, geopolitical risks affecting travel demand, and competitive pressures. |
Interesting facts Largest vacation ownership company outside the US; 125 resorts with 5,847 rooms as of March 2025; strong brand equity and member base. |
Risks and strategy Mitigates risks via diversified geographies, product innovation, digital transformation and cost efficiency strategies. |
