What we do TGB Banquets & Hotels Ltd operates premium hotels and banquets, offering luxury hospitality and indigenous dining experiences rooted in Indian culture and sustainability. |
Founded in 1,999 |
Market share Recognized as one of India's premier hospitality chains with significant presence in Gujarat's luxury hotel and banquet segment. |
Problem solved Provides authentic, luxury hospitality services with a focus on cultural richness and sustainable practices for Indian and international guests. |
Top clients or who we serve Serves leisure and business travelers, event organizers, and local clientele requiring banquet and hospitality services; B2C and B2B segments. |
Key management - |
Our journey and innovations Incorporated as Bhagwati Banquets in 1999; launched 'The Grand Bhagwati' hotel in 2002; IPO in 2007; rebranded to current name in 2013, emphasizing responsible luxury and indigenous experiences. |
Where we operate Primarily operates in India, especially Ahmedabad, Gujarat. |
Top products or what we offer Luxury hotel accommodation, banquet halls with large capacity, award-winning restaurants, and indigenous dining experiences. |
Top brands The Grand Bhagwati Hotel – a key luxury property with multiple banquet halls and dining venues, well-regarded in local hospitality. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from room bookings, banquets and F&B services, generally recurring with cyclical influences due to seasonality in hospitality. |
Our industry position Strong competitor within regional luxury hotel and banqueting industry with recognized cultural and sustainable service ethos. |
Financial highlights FY 2024-25 Revenue approx. Rs. 38 Crores, Profit after Tax Rs. 1.94 Crores after previous year loss, demonstrating turnaround. |
Geographical revenue split - |
Order book - |
Whats driving growth Focus on sustainable luxury hospitality, enhanced guest experiences, and banquet operations drive steady revenue growth. |
Our future plans Preservation of resources for growth; no dividend declared; strategy focuses on organic expansion and service excellence. |
Our green promise Committed to 'Responsible Luxury' blending environmental and social responsibility into hospitality offerings. |
Our people and values Emphasizes professionalism, ethical practices, employee engagement, and compliance in a trusted workplace environment. |
Key challenges ahead Competition in hospitality, maintaining sustainable luxury standards, and resolving pending legal matters pose operational challenges. |
Interesting facts Operates banquet halls capable of hosting 5400 persons on two-shift basis, showcasing large event management capacity. |
Risks and strategy Mitigation via internal controls, compliance policies, and board oversight ensure operational resilience and governance integrity. |
