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Company details

130.05
133.75
102.00
161.55
6M Return 1.26%
1Y Return -0.64%
Mkt Cap.(Cr) 831.42
Volume 52,702
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 52,702

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 367.06 Cr FV: 2.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 7,417.27 -16,733.55
LAST 3M 52,824.24 -38,434.68
LAST 6M 78,778.17 -39,049.74
LAST 12M 101,008.60 -13,942.09
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
No data found

Information

  • About Company
  • Company Info
  • Listing Info
0
74.99%
56.5609
-2.64%
-6.84%
Description
  • TajGVK Hotels & Resorts Ltd is a joint venture company between Indian Hotels Co Ltd, a Tata group company and the Hyderabad-based GVK Group. The company is engaged in the hospitality and tourism industry. The company currently has operations in Hyderabad, Chandigarh and Chennai. TajGVK Hotels & Resorts Ltd was incorporated in the year 1995. During the year 1999-2000, the company made a tie-up with a leading Hotels Chain `Taj Group of Hotels` as a Strategic Investor-cum-operating Alliance with a view to enhance the services and improve the overall operations. Also, the Indian Hotels Company Ltd had invested an amount of Rs 40 crores in the company. During the year, the company changed their name from GVK Energy Resources Ltd to GVK Hotels & Resorts Ltd as a part of the restructuring programme so as to bring the entire hospitality business of the group under one company. The company made a scheme of arrangement with Novopan Industries Ltd and Scheme of Amalgamation with Hotel Sree Krishna Ltd during the year. Accordingly, the Hotel Division of Novopan Industries Ltd and the entire undertaking of Hotel Sree Krishna Ltd was de-merged and merged with GVK Hotels & Resorts Ltd with effect from April 1, 1999. Also, the name of the company was changed to TajGVK Hotels & Resorts Ltd. During the year 2002-03, the guestrooms on two floors at Taj Krishna had been completely renovated. Also, the company built `The Deccan Hall`, a large convention hall to cater the needs of inter-alia, large conferences, weddings and exhibitions. During this period, the company completed the acquisition of a hotel project at Chandigarh from India Tourism Development Corporation through a process of disinvestment. With the acquisition of 100% equity, Punjab Hotels Ltd, the owning company of Chandigarh hotel project became a wholly owned subsidiary of the company. During the year 2003-04, the Banquet Hall at Taj Krishna was completely renovated into `The Grand Bal Room` providing a luxurious and exquisite ambience using the finest Italian marble, intricate inlay and wood work, rich hand woven carpets and ornate chandeliers. Also, they renovated about 100 guestrooms between the three hotels during the year. A new car park facility, to accommodate about 250 cars, was added at Taj Residency. Punjab Hotels Ltd, the owning company Chandigarh Hotel Project was merged with the company with effect from November 1, 2002. In June 20, 2005, the company commissioned the first branded five star hotel in the city of Chandigarh, Taj Chandigarh. The hotel is the first branded five star hotel in the city and has 152 guestrooms, coffee shop, 2 restaurants, bar and banquet halls. During this period, the company acquired Sri Tripurasundari Hotels Ltd, which had a partly built hotel in Chennai. During the year 2006-07, Sri Tripurasundari Hotels Ltd merged with the company with effect from April 1, 2006. During the year 2007-08, the company added a new restaurant, restobar and 23 guest rooms in the existing block of Taj Deccan at a cost of Rs 25 crore. Also, they plan to add 180 rooms at the cost of Rs 100 crore. The company is proposing to construct the service apartments (43 nos), 7000 sq ft spa and the additional car parking facility at the existing premises of Taj Krishna, at an estimated cost of Rs 75 crores. They are planning to open a shopping arcade for premium international luxury brands in the hotel. In December 2008, the company launched their new premium Five Star Hotel in the centre of Chennai by the name Taj Mount Road, Chennai. The company is in the process of identifying and acquiring land in Bangalore, Jaipur, Kodaikanal and Amritsar for hotel projects.

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Registered Address

Taj Krishna Road No 1, Banjara Hills, Hyderabad, Telangana, 500034

Tel : 91-40-6629 3664
Email : tajgvkshares.hyd:tajhotels.com
Website : http://www.tajgvk.in

Registrar

Sathguru Mngt Consul Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532390
NSE Code : TAJGVK
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE586B01026

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