BHARAT HOTELS LIMITED is headquartered in New Delhi. The first hotel of the company was opened in 1988. The company was founded by Mr. Lalit Suri. He had also served as a Member of Parliament representing Uttar Pradesh in the Rajya Sabha. After Mr. Lalit Suri, the leadership went into the hands of Dr. Jyotsna Suri in 2006. All the hotels under the group were operated under the brand ‘The Grand – Hotels, Palaces & Resorts, but in 2008, it was rebranded as ‘The Lalit.
The company owns 12 luxury hotels, Palaces & Resorts, and 2 mid-segment hotels under The LaLiT Traveller brand. The company in total has 2261 rooms to offer. Moreover, they also have exclusive management rights to operate the hotel in London with 70 rooms.
During the current COVID-19 pandemic, some of the hotels of company are accommodating doctors at a fixed rate to be paid by the Government.
The company has 5 subsidiary companies and 1 joint venture. Apart from that, Bharat Hotels Limited also runs ‘The Lalit Suri Educational and Charitable Trust’
In the future, they are planning to develop 3 new hotels in Ahmedabad, Mangalore, and Dehradun, which will in consolidate and offer 290 rooms and 115 cottages. They are also developing 50 additional rooms at the ‘The Lalit Laxmi Vilas Palace Udaipur’. Bharat Hotels Limited has developed its own brands like Baluchi, OKO, 24/7, The LaLiTBoulangerie, the Lalit food truck company, and the Kitty Su. In the COVID-19 pandemic, they started home delivery of bakery, confectionery, and gourmet hampers. The Company is also exploring possibilities of digital channels to
make more products and services available to guests like Ayurveda doctor consultancy, wellness packages, chef at home, bartender at home, Kitty comes home, and industrial catering.
| Outstanding Shares of Bharat Hotels Limited: | 75991199 |
| Face Value of Bharat Hotels Limited: | Rs. 10 Per Equity Shares |
| ISIN of Bharat Hotels Limited: | INE466A01015 |
| PAN No of Bharat Hotels Limited: | AAACB1298E |
| Lot Size of Bharat Hotels Limited: | 100 |
| Share last Traded Price | Best in Industry |
| Date of Delisting of Bharat Hotels Limited: | 11-Jun-03 |
| Rate of Delisting of Bharat Hotels Limited: | Rs. 28.91 |
| Reason For Delisting of Bharat Hotels Limited: | Non-compliance with clause 21(3)(a) of the SEBI(SAST) Regulations 1997 |
CIN of Bharat Hotels |
U74899DL1981PLC011274 |
Registration Date of Bharat Hotels |
22 January 1981 |
Bharat Hotels Registered office address and contact details |
Barakhamba Lane, New Delhi-110001 Tel.: 011-44447777, Fax: 011-44441234, Email Address: corporate@thelalit.com |
Bharat Hotels Registrar and Transfer Agent address and contact details |
K Fin Technologies Private Limited 305 New Delhi House, 27, Barakhamba Road, New Delhi-110001 |
|
Name and Description of main products / services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Hotel & Restaurant Operations |
99631110 & 99633101 |
98.78% |
Dr. Jyotsna Suri (Chairperson And Managing Director)
Ms. Divya Suri Singh (Executive Director)
Ms. Deeksha Suri (Executive Director)
Mr. Keshav Suri (Executive Director)
Mr. Ramesh Suri (Non-Executive Director)
Dr. M.Y. Khan (Independent Director)
Mr. Dhruv Prakash (Independent Director)
Mr. Vivek Mehra (Independent Director)
Mr. Ranjan Mathai (Independent Director)
Ms. Shovana Narayan (Independent Director)
|
Name of the Company |
Subsidiary/Associate |
% of shares held |
|
Jyoti Limited |
Subsidiary |
99.99% |
|
Lalit Great Eastern Kolkata Hotel Limited |
Subsidiary |
90.00% |
|
PCL Hotels Limited |
Subsidiary |
99.83% |
|
Prima Hospitality Private Limited |
Subsidiary |
100% |
|
Kujjal Hotels Private Limited |
Subsidiary |
50.00% |
| S. No. | Shareholder’s Name | No. of Shares | % of total Shares of the company |
| 1 | Promoter | 37973236 | 49.97057093 |
| 2 | Public Shareholding | 38017963 | 50.02942907 |
| Total | 75991199 | 100.00 |
The Hotel industry is a part of the Travel and Tourism industry in India. Average Room Rate (ARR) and Revenue per Available Room (RevPAR) are the key performance indicators for the Hotel industry to measure business expansion and manage hotels.
The Hotel industry can be segmented into branded or traditional hotels, independent/unbranded hotels, new-age hotel chains, and alternate accommodations. The independent/unbranded segment accounts for around 70% of the total available hotel rooms. And the second largest segment is alternate accommodations.
It is expected that the hotel industry will expand at a good rate since India will be hosting the ICC Men's World Cup in 2023. It has been assumed that this event would increase foreign tourists' footfall in the country. The Hotel industry is highly dependent on the tourism sector for its business. Therefore, the Ministry of Tourism has undertaken several schemes like PRASHAD (Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive) and SWADESH DARSHAN (Integrated Development of Tourist Circuits around Specific Themes).
The COVID-19 pandemic resulted in subsequent travel restrictions and nationwide lockdowns. The domestic hospitality industry has been one of the worst-hit sectors by this pandemic. In a report, ICRA said it expects the industry to go down by 65% in the FY 2021, with massive operating and net losses, wiping out the cumulative profits of the past 4 years. However, a good demand recovery is possible in the second part of FY 2021-22. In 2021, it is expected that domestic business travel will pick up pace in the second quarter, as employees return to their workplaces and companies soften their travel advisories. In the interim, domestic leisure, weddings, and F&B demand is expected to drive the sector's recovery.
Some signs of positivity emerged in the hospitality sector. Leisure demand drives the growth, with holiday destinations in close proximity to major cities witnessing a surge in weekend getaway demand. The industry also witnessed a recovery in the F&B segment as people started dining out.
