What we do Travels & Rentals Ltd provides comprehensive travel solutions including airline tickets, hotels, tours, travel insurance, and visa services, partnering with Lufthansa City Center in India. |
Founded in 1,990 |
Market share Leading travel service provider with IATA accreditation and recognized by India's Ministry of Tourism, growing presence in corporate and leisure segments. |
Problem solved Simplifies end-to-end travel planning and booking for individuals and businesses, offering convenience and value-added travel-related services. |
Top clients or who we serve B2C and B2B clients including corporate travelers and leisure customers across India. |
Key management Mr. Devendra Bharat Parekh (Managing Director), Mr. Tushar Singhi (Director) with extensive travel industry experience. |
Our journey and innovations Started as a partnership in 1990, incorporated in 1996, IPO and public listing in 2024, expanded into corporate solutions and digital booking. |
Where we operate India-wide operations with international partnerships including Lufthansa City Center network. |
Top products or what we offer Airline tickets, hotel bookings, tour packages, rail tickets, travel insurance, visa processing, curated travel experiences and digital solutions. |
Top brands Operates as 'Business Plus Lufthansa City Center' in India, known for integrated travel solutions and corporate travel services. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Primarily recurring revenue from travel bookings and services with seasonal demand fluctuations. |
Our industry position Well-positioned in the Indian travel services market with IATA accreditation and strong franchise partnership enhancing credibility. |
Financial highlights Revenue of Rs. 12.05 crore and net profit of Rs. 3.22 crore for fiscal year 2025, demonstrating steady growth over previous year. |
Geographical revenue split Revenue predominantly from Indian market with foreign exchange earnings around Rs. 1.27 crore. |
Order book - |
Whats driving growth Expansion in corporate travel, digital booking platforms, curated experiences, and strategic hospitality partnerships drive growth. |
Our future plans Focus on strengthening corporate travel segment, expanding value-added services, digital transformation, and long-term market presence. |
Our green promise Implements energy-efficient practices like LED lighting in offices to promote sustainability. |
Our people and values Professional management culture with regular board evaluations and focus on ethics, diversity, and inclusion. |
Key challenges ahead Competitive market conditions, evolving travel regulations, and changing consumer preferences. |
Interesting facts First company in India allowed to operate as 'Business Plus Lufthansa City Center' since 2013; successful IPO in 2024. |
Risks and strategy Mitigation through diversified services, compliance with travel regulations, strong governance and digital innovation. |
