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Club Mahindra Holidays

From Wikipedia, the free encyclopedia
(Redirected from Club Mahindra)

Mahindra Holidays & Resorts India Ltd. (MHRIL)
TypePublic
IndustryHospitality
FoundedSeptember 20, 1996; 29 years ago (1996-09-20)
HeadquartersIndia
Area served
Worldwide
Key people
  • C.P. Gurnani (Chairman)
  • Manoj Bhat (MD and CEO)
ProductsVacation Ownership (VO)
RevenueIncrease ₹2,623 crore (US$270 million) (2023)[1]
Increase ₹761 crore (US$79 million) (2023)[1]
Increase ₹115 crore (US$12 million) (2023)[1]
Total assetsIncrease ₹9,317 crore (US$970 million) (2023)[1]
Total equityIncrease ₹390 crore (US$40 million) (2023)[1]
ParentMahindra Group
Websitewww.clubmahindra.com

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]

Resorts

[edit]
Club Mahindra resort in Munnar

As of 2025, Club Mahindra operates over 140 resorts globally.[3] In India, it has more than 80 resorts in diverse landscapes such as the Himalayas, beaches, hill stations, backwaters, deserts, and forests.[4]

Acquisitions

[edit]

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]

References

[edit]
  1. 1 2 3 4 5 "Club Mahindra 2022–23 Annual Report" (PDF). bseindia.com. p. 24.
  2. ↑ Merwin, Radhika (30 August 2015). "Should you sign up for timeshares?". The Hindu Business Line.
  3. ↑ "Mahindra Holidays & Resorts India Ltd". Business Standard India. Archived from the original on 3 January 2017.
  4. ↑ "Explore 140+ Resorts in India and Abroad with Club Mahindra". Club Mahindra. Retrieved 31 January 2025.
  5. ↑ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". dna. 10 June 2015. Archived from the original on 22 December 2017.
  6. ↑ "Mahindra buys Finnish company Holiday Club for Rs 600 crore". The Times of India. 8 July 2014. Archived from the original on 4 February 2017.
  7. ↑ "Mahindra Holidays to acquire 12% stake in Nreach". Business Standard India. Press Trust of India. October 2016. Archived from the original on 22 December 2017.
  8. ↑ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts". 11 January 2017. Archived from the original on 22 December 2017.
  9. ↑ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts". Archived from the original on 22 December 2017.
  10. ↑ "Club Mahindra expands to Bahrain". Facebook.{{cite web}}: CS1 maint: url-status (link)[dead link]
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