Club Mahindra Holidays
Indian holiday resort operator
From Wikipedia, the free encyclopedia
Club Mahindra is an Indian hospitality company established on 20 September 1996. It is a subsidiary of the Mahindra Group and operates a timeshare network of resorts across India and internationally.[2]
 | |
| Company type | Public |
|---|---|
| Industry | Hospitality |
| Founded | September 20, 1996 |
| Headquarters | India |
Area served | Worldwide |
Key people |
|
| Products | Vacation Ownership (VO) |
| Revenue |  ₹2,623 crore (US$310 million) (2023)[1] |
| ₹761 crore (US$90 million) (2023)[1] | |
| ₹115 crore (US$14 million) (2023)[1] | |
| Total assets | ₹9,317 crore (US$1.1 billion) (2023)[1] |
| Total equity | ₹390 crore (US$46 million) (2023)[1] |
| Parent | Mahindra Group |
| Website | www |
Resorts
Acquisitions
In 2014, MHRIL acquired an 18.8% stake in European company Holiday Club Resorts Oy.[5] In June 2014, MHRIL acquired Finland-based Holiday Club Resorts for ₹600 crore.[6] In 2015, MHRIL raised its stake in Holiday Club Resorts Oy to 88%.
In 2016, it acquired a 12% stake in Nreach Online Services.[7]
In 2017, the company increased its stake in Holiday Club Resorts Oy by 6.33%, bringing its total holding to 91.94%.[8] In 2017, MHRIL partnered with the Ideal Group of Companies to expand operations in Sri Lanka.[9]
In 2018, Suha Travel & Tours W.L.L became the official distribution partner in Bahrain.[10]