Kamat Hotels (India) Limited was incorporated on 21st March, 1986 in the State of Maharashtra by Late Mr. Venkatesh Krishna Kamat and his associates with the main object of setting up and running of hotels and related business. The Company obtained the Certificate of Commencement of Business on 31st March, 1986.
Kamat Hotels (India) Ltd. (KHIL), is engaged in the business of hospitality and allied businesses, and its activities may be broadly categorized into (i) operation of hotels owned by the Company, (ii) management of hotels owned by other parties under contract (iii) catering services and (iv) timeshare.
KHIL has firmly established four hotel brands viz. The Orchid – An Ecotel Hotel in the 5-Star segment and VITS Luxury Business Hotel in the 4-Star segment, Gadh Hotels and Lotus Resorts. The focus of the Company is in positioning its hotels to the business segment in the mid to up-market category. In addition, the Company consciously follows the policy of environment conservation in the operation of its hotels in all aspects viz. design, construction and operations. This environment positioning gives a duel advantage to the Company in terms of marketing & visibility coupled with lower cost of operations.
In Asia, The Orchid Hotel – Ecotel, Mumbai, was the first to receive the Ecotel certification. Both The Orchid – An Ecotel Hotel and VITS have consistent past performance in terms of being in the top three hotels in the city of Mumbai in the respective category in terms of average revenue per room. The flagship hotel The Orchid – An Ecotel Hotel has consistently been in the top 5 hotels in all categories in Mumbai in terms of Rev PAR (Revenue per available room).
For the year ended March’ 2009, KHIL has achieved a sales turnover of Rs. 126.81 crores and earned a net profit of Rs. 5.66 crores. For the year ended March’2008, KHIL had achieved a sales turnover of Rs.147.61 crores and earned a net profit of Rs.27.33 crores.
The Company has entered into various contracts and arrangements for managing the following Hotels/Restaurants.
1) Vithal Kamats Super Snacks outlets in Mumbai, Sawantwadi and Jaipur
2) VITS Luxury Business Hotels in Mumbai, Aurangabad, Pune, Nagpur, Delhi, Nashik and
Bhubaneshwar
3) Lotus Resorts in Udaipur, Goa, Aronda, Silvassa, Karwar and Murud
4) Orchid Konark, Orchid Puri and Orchid Nagpur |