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{{Infobox company | {{Infobox company | ||
| logo | | logo = Club Mahindra New Logo.jpg | ||
| logo_size | | logo_size = 150px | ||
| name | | name = Mahindra Holidays & Resorts India Ltd. (MHRIL) | ||
| type | | type = [[Resorts]] | ||
| traded_as | | traded_as = {{ubl|{{NSE|MHRIL}}|{{BSE|533088}}}}<ref>{{cite web|url=http://www.moneycontrol.com/india/news/pressnews/clubmahindraholidaysholidaycompany/clubmahindraplansexpansion10thanniversary/market/stocks/article/240923|title=Club Mahindra plans expansion on 10th anniversary|publisher=}}</ref> | ||
| foundation | | foundation = {{Start date and age|1996|9|20}} | ||
| predecessor | | predecessor = | ||
| location | | location = | ||
| area_served | | area_served = [[World]]wide | ||
| key_people | | key_people = {{ubl|Arun Kumar Nanda {{small|(Chairman)}}|Kavinder Singh {{small|(MD and CEO)}}}} | ||
| | | revenue = {{decrease}} {{INR|908.76 crores|link=yes}} (2021)<ref name=AR>{{cite web |url=https://www.bseindia.com/bseplus/AnnualReport/533088/69359533088.pdf |title=Club Mahindra 2021-22 Annual Report |website=bseindia.com |page=24}}</ref> | ||
| | | operating_income = {{increase}} {{INR|286.16 crores}} (2021)<ref name=AR /> | ||
| | | net_income = {{increase}} {{INR|125.76 crores}} (2021)<ref name=AR /> | ||
| aum | | aum = | ||
| assets | | assets = {{decrease}} {{INR|6,117.2 crores}} (2021)<ref name=AR /> | ||
| equity | | equity = | ||
| num_employees | | num_employees = | ||
| industry | | industry = [[Hospitality industry|Hospitality]] | ||
| products | | products = Vacation Ownership (VO) | ||
| subsid | | subsid = | ||
| parent | | parent = [[Mahindra Group]] | ||
| homepage | | homepage = {{URL|http://www.clubmahindra.com/}} | ||
| footnotes | | footnotes = | ||
}} | }} | ||
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==History== | ==History== | ||
Club Mahindra Holidays was incorporated as Mahindra Holidays and Resorts India Limited (MHRIL) in the year 1996. Subsequently, the company's status was changed to public limited in the year 1998. In the same year, the company opened its first resort at Munnar. Its next resort was opened in Goa in 1999. At present, the company operates | Club Mahindra Holidays was incorporated as Mahindra Holidays and Resorts India Limited (MHRIL) in the year 1996. Subsequently, the company's status was changed to public limited in the year 1998. In the same year, the company opened its first resort at Munnar. Its next resort was opened in Goa in 1999. At present, the company operates and manages over 100 resorts across the globe of which 71 are in India.<ref>{{cite web|title=Mahindra Holidays & Resorts - Locations|url=https://www.clubmahindra.com/resorts}}</ref> | ||
MHRIL's parent company, Mahindra Group is a US$19 billion multinational company. The parent company employs 2 lakh people across 100 countries in the world.<ref>{{cite web|title=Mahindra Sells 16257 Units in Domestic Market|url=http://www.thehindubusinessline.com/multimedia/archive/01705/Click_here_for_pdf_1705687a.pdf|url-status=live|archiveurl=https://web.archive.org/web/20180615084753/https://www.thehindubusinessline.com/multimedia/archive/01705/Click_here_for_pdf_1705687a.pdf|archivedate=2018-06-15}}</ref> | MHRIL's parent company, Mahindra Group is a US$19 billion multinational company. The parent company employs 2 lakh people across 100 countries in the world.<ref>{{cite web|title=Mahindra Sells 16257 Units in Domestic Market|url=http://www.thehindubusinessline.com/multimedia/archive/01705/Click_here_for_pdf_1705687a.pdf|url-status=live|archiveurl=https://web.archive.org/web/20180615084753/https://www.thehindubusinessline.com/multimedia/archive/01705/Click_here_for_pdf_1705687a.pdf|archivedate=2018-06-15}}</ref> | ||
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==Membership Details== | ==Membership Details== | ||
Club Mahindra membership allows customers to avail of a week's holiday every year for 25 years based on eligibility and availability. The members may stay at Club Mahindra resorts, Holiday Club Oy resorts, or RCI-affiliated resorts by way of exchange. A ten-year option is also available for the members. Members opt for a specific season and apartment at the time of buying the membership. They may choose to plan their stay outside their season and apartment under the exchange program or carry forward their annual entitlements, subject to certain limits. The holiday seasons are divided into the four types: Purple, Red, White and Blue.<ref>{{cite web|title=Explore Club Mahindra Membership for Fun-Filled Family Holidays|url=http://www.clubmahindra.com/membership/overview|url-status=live|archiveurl=https://web.archive.org/web/20171222051227/http://www.clubmahindra.com/membership/overview|archivedate=2017-12-22}}</ref> | Club Mahindra membership allows customers to avail of a week's holiday every year for 25 years based on eligibility and availability. The members may stay at Club Mahindra resorts, [[Holiday Club|Holiday Club Oy]] resorts, or RCI-affiliated resorts by way of exchange. A ten-year option is also available for the members. Members opt for a specific season and apartment at the time of buying the membership. They may choose to plan their stay outside their season and apartment under the exchange program or carry forward their annual entitlements, subject to certain limits. The holiday seasons are divided into the four types: Purple, Red, White and Blue.<ref>{{cite web|title=Explore Club Mahindra Membership for Fun-Filled Family Holidays|url=http://www.clubmahindra.com/membership/overview|url-status=live|archiveurl=https://web.archive.org/web/20171222051227/http://www.clubmahindra.com/membership/overview|archivedate=2017-12-22}}</ref> | ||
==Acquisitions == | ==Acquisitions == | ||
*In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.<ref>{{cite web|title=Mahindra Holidays to hike stake in Holiday Club Resorts to 88%|url=http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114|url-status=live|archiveurl=https://web.archive.org/web/20171222060848/http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114|archivedate=2017-12-22}}</ref> | *In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.<ref>{{cite web|title=Mahindra Holidays to hike stake in Holiday Club Resorts to 88%|url=http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114|url-status=live|archiveurl=https://web.archive.org/web/20171222060848/http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114|archivedate=2017-12-22}}</ref> | ||
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*In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.<ref>{{cite web|title=Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts|url=http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608|url-status=live|archiveurl=https://web.archive.org/web/20171222052114/http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608|archivedate=2017-12-22}}</ref> | *In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.<ref>{{cite web|title=Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts|url=http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608|url-status=live|archiveurl=https://web.archive.org/web/20171222052114/http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608|archivedate=2017-12-22}}</ref> | ||
*In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.<ref>{{cite web|title=Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts|url=http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107|url-status=live|archiveurl=https://web.archive.org/web/20171222051518/http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107|archivedate=2017-12-22}}</ref> | *In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.<ref>{{cite web|title=Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts|url=http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107|url-status=live|archiveurl=https://web.archive.org/web/20171222051518/http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107|archivedate=2017-12-22}}</ref> | ||
*In 2018, Suha Travel & Tours W.L.L<ref>{{Cite web |last=c |title=Club Mahindra |url=https://www.facebook.com/clubmahindra/photos/club-mahindra-now-enters-the-kingdom-of-bahrain-we-welcome-suha-travel-tours-abo/10155979642348303/ |url-status=dead}}</ref> Became The Official Distribution Partner In [[Bahrain|The Kingdom Of Bahrain]] | |||
==References== | ==References== | ||
Latest revision as of 12:51, 30 May 2022
 | |
| Traded as | [1] |
|---|---|
| Industry | Hospitality |
| Founded | September 20, 1996 |
Area served | Worldwide |
Key people |
|
| Products | Vacation Ownership (VO) |
| Revenue |  ₹908.76 crores (2021)[2] |
 ₹286.16 crores (2021)[2] | |
| ₹125.76 crores (2021)[2] | |
| Total assets | ₹6,117.2 crores (2021)[2] |
| Parent | Mahindra Group |
| Website | www |
Club Mahindra Holidays is an Indian Hospitality company founded in 1996. It is a part of the Mahindra Group and provides holidays on a timeshare basis.[3] Mahindra Holiday & Resorts India Limited (MHRIL) is a part of the Leisure and Hospitality sector of the Mahindra Group. Vacation ownership is its key offering and "Club Mahindra" is its flagship brand. MHRIL offers family holidays primarily through vacation ownership memberships for over a period of 25/10 years.[4]
History[edit | edit source]
Club Mahindra Holidays was incorporated as Mahindra Holidays and Resorts India Limited (MHRIL) in the year 1996. Subsequently, the company's status was changed to public limited in the year 1998. In the same year, the company opened its first resort at Munnar. Its next resort was opened in Goa in 1999. At present, the company operates and manages over 100 resorts across the globe of which 71 are in India.[5]
MHRIL's parent company, Mahindra Group is a US$19 billion multinational company. The parent company employs 2 lakh people across 100 countries in the world.[6]
Club Mahindra Resorts[edit | edit source]
Club Mahindra operates over 100+ resorts in India and overseas destinations and is affiliated with over 4,500 RCI resorts. It is the world's largest vacation ownership brand outside the United States (US).[7]
Membership Details[edit | edit source]
Club Mahindra membership allows customers to avail of a week's holiday every year for 25 years based on eligibility and availability. The members may stay at Club Mahindra resorts, Holiday Club Oy resorts, or RCI-affiliated resorts by way of exchange. A ten-year option is also available for the members. Members opt for a specific season and apartment at the time of buying the membership. They may choose to plan their stay outside their season and apartment under the exchange program or carry forward their annual entitlements, subject to certain limits. The holiday seasons are divided into the four types: Purple, Red, White and Blue.[8]
Acquisitions[edit | edit source]
- In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.[9]
- In June 2014, the company acquired Finland-based Holiday Club Resorts for ₹ 600 crore.[10]
- In 2015, MHRIL increased its stake in Holiday Club Resorts Oy to 88 percent.
- In 2016, MHRIL signed a pact to buy 12 percent stake in Nreach Online Services.[11]
- In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.[12]
- In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.[13]
- In 2018, Suha Travel & Tours W.L.L[14] Became The Official Distribution Partner In The Kingdom Of Bahrain
References[edit | edit source]
- ↑ "Club Mahindra plans expansion on 10th anniversary".
- ↑ 2.0 2.1 2.2 2.3 "Club Mahindra 2021-22 Annual Report" (PDF). bseindia.com. p. 24.
- ↑ Merwin, Radhika (30 August 2015). "Should you sign up for timeshares?".
- ↑ "Leisure with Mahindra Holidays & Resorts". Archived from the original on 22 December 2017.
- ↑ "Mahindra Holidays & Resorts - Locations".
- ↑ "Mahindra Sells 16257 Units in Domestic Market" (PDF). Archived (PDF) from the original on 15 June 2018.
- ↑ "Mahindra Holidays & Resorts India Ltd". Archived from the original on 3 January 2017.
- ↑ "Explore Club Mahindra Membership for Fun-Filled Family Holidays". Archived from the original on 22 December 2017.
- ↑ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". Archived from the original on 22 December 2017.
- ↑ "Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India". Archived from the original on 4 February 2017.
- ↑ "Mahindra Holidays to acquire 12% stake in Nreach". Archived from the original on 22 December 2017.
- ↑ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts". Archived from the original on 22 December 2017.
- ↑ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts". Archived from the original on 22 December 2017.
- ↑ c. "Club Mahindra".
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