INTRODUCTION[/b]
The Indian Hotels Company (IHCL) and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces, which is recognised as one of Asia's largest and finest hotel companies. Incorporated by the founder of the Tata group, Jamsetji Tata, the company opened its first property, the Taj Mahal Palace hotel, Bombay in 1903. The Taj, a symbol of Indian hospitality, completed its centenary year in 2003.
Taj Hotels Resorts and Palaces comprises 64 hotels in 45 locations across India with an additional 15 international hotels. The most significant additions to the Taj portfolio have been The Pierre, the iconic landmark hotel on New York's Fifth Avenue, the Taj Boston and the Blue, Sydney, Addition to this the Group operates hotels in United States of America, United Kingdom, Srilanka, Bhutan, United Arab Emirates, Maldives, Zambia, Malaysia and Australia.
In 1993, the company established the Indian Institute of Hotel Management in Aurangabad in Maharashtra in western India.
Areas of business
The Group's principal activities are to provide hoteliering, air catering and other services. It operates in three segments namely Hoteliering, Air Catering and Other..
IHCL operates in the luxury, premium, mid-market and value segments of the market through the following:
Taj is the flagship brand for the world’s most discerning travellers seeking authentic experiences in luxury. Besides luxurious living and fine dining, Taj Hotels also promise a whole new experience of tranquility and total ‘wellness’, through Jiva Spas, a unique concept, which brings together the wisdom and heritage of the Asian and Indian philosophy of wellness and well-being.
Taj Exotica is a resort and spa brand found in the most exotic and relaxing locales of the world.
Taj Safaris are India's first and only wildlife lodges circuit, that allow travellers to experience the unparalleled beauty of the Indian jungle amidst luxurious surroundings
Premium Hotels provide the new generation of travellers a contemporary and creative hospitality experience that matches their work-hard, play-hard lifestyles.
The Gateway Hotel is a pan-India network of hotels and resorts that offers business and leisure travellers a contemporary hotel experience.
Ginger is IHCL’s revolutionary concept in hospitality for the value segment.
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The other areas of business include:[/b]
Taj Air, a luxury private jet operation and Taj Yachts, which can be used by guests in Mumbai and Kochi, in Kerala. It also operates airline catering services, food processing and investing activities.
Income
The total income for the year ended March 31, 2009 at Rs. 1706.52 crores was lower than that of the previous year by 6 %. Room Income was lower than the previous year by 14 % The Average Room Rate (ARR) decreased by 2 % over the previous year. Food & Beverage (F&B) income was 13% lower than the previous year.
Profits
Profit before Tax at Rs. 362.30 crores was lower than the previous year by 38 %. Profit after Tax at Rs. 234.03 crores was also lower by 38 % over the previous year.
Joint ventures, subsidiaries, associates
TajSats Air Catering: a joint venture with Singapore Airport Terminal Services, a subsidiary of Singapore Airlines, TajSats Air Catering is the largest airline catering service in South Asia
Roots Corporation: a wholly-owned subsidiary that operates the Ginger chain of budget hotels in India.
Board of Directors
· Ratan N. Tata :[/b] Chairman
· R. K. Krishna Kumar :[/b] Vice Chairman
· N. A. Soonawala
· S. K. Kandhari
· K. B. Dadiseth
· Deepak Parekh
· Jagdish Capoor
· Shapoor Mistry
· Nadir Godrej
· Arnavaz Aga
· Raymond N. Bickson : [/b]Managing Director
· Anil P. Goel :[/b] Executive Director -Finance
· Abhijit Mukerji :[/b] Executive Director -Hotel Operations
Management
· Raymond N. Bickson : Managing Director
· Anil P. Goel : Executive Director - Finance
· Abhijit Mukerji : Executive Director - Hotel Operations
· Ajoy K. Misra : Sr. Vice President - Sales & Marketing
· H. N. Shrinivas : Sr. Vice President - Human Resources
· Prakash Shukla : Sr. Vice President - Technology & CIO
· Rajiv Gujral : Chief Operating Officer and Sr. Vice President - Mergers, Acquisitions & Development
· Yannick Poupon : Chief Operating Officer - Luxury Hotels (International)
· Jyoti Narang : Chief Operating Officer - Luxury Hotels (India)
· P. K. Mohan Kumar : Chief Operating Officer - Gateway Hotels
· Veer Vijay Singh : Chief Operating Officer - Premium Hotels
· P. Sanker : Vice President - Legal & Company Secretary
· Sumit Guha : Vice President - Projects & Business Development
Location
IHCL’s head office is in Mumbai, India. Taj properties are located in Asia, the UK, the US, Australia and Africa
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OBJECTIVES[/b]
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To study and understand the capitalisation, capital structure and related aspects of capital of The Indian Hotels Company such as total capitalisation, capital structure and its composition, over capitalisation, under capitalisation,, extent of capital gearing, use of the concept of trading on equity etc..
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