Having pioneered the Ecotel revolution in the country, Mr. Vithal V. Kamat is all set to transform the hospitality industry in the country with his future projects and is eyeing international markets.

The man behind the vision:
From a humble beginning as a small time restaurant owner to a Chairman and Managing Director, Vithal Kamat's journey has definitely been long and arduous. When thirty-five years back, a young lad barely in his teens joined the family restaurant business, not many would have predicted the phenomenal rise of this easy-going man. His rustic charm along with his street-smart acumen and a drive to succeed has made him achieve what he has set out to and is a guiding force.

Mr. Vithal V. Kamat

• He is a visiting faculty of various catering colleges and management institutes like NMIMS, Symbiosis etc.
• With a 4th degree black belt in Karate, Mr. Vithal V. Kamat is the President of the All India Karate Federation and also refereed many matches.
• He was felicitated as the best CEO and received a special Indian Express Editors Choice Award for promoting eco-tourism and supporting the healthy cause of environment.

Expansion Projects:

“The Orchid Expansion” Mumbai
The Orchid expansion, Mumbai which consists of air conditioned rooms of executive, deluxe and suite classes, high premium bar, a continental restaurant and 3 conference rooms / banquet hall and other facilities like spa, health club and staff training centre has already started contributing revenue to the Company.

MANAGEMENT CONTRACTS
The Company is having management contracts for managing hotel properties at Aurangabad, Karwar, Udaipur, Delhi and Pune.

SUBSIDIARY COMPANY
B W HIGHWAY STAR PRIVATE LIMITED:

During the year under review, 4.16% share capital of B W Highway Star Private Limited (subsidiary company) was transferred to Kamat Hotels (India) Ltd out of the 25% share capital of the subsidiary company agreed to be purchased by the Kamat Hotels (India) Ltd pursuant to the Share Purchase Agreement dated 8th February, 2010. Consequently, 79.16% share capital of the subsidiary company is presently registered in the name of Kamat Hotels (India) Ltd and as per the said Share Purchase Agreement, the remaining 20.84% shares are to be transferred to the Company by 1st February, 2013.

B W Highway Star Private Limited has presently two operational hotels at Pune under the brand name ‘The Orchid’ and ‘VITS’ besides restaurants and banquet halls, these hotels have already started contributing revenue.

FORT MAHODADHI PALACE PRIVATE LIMITED:

In the current year, Fort Mahodadhi Palace Private Limited became a wholly owned subsidiary of the Company with effect from 30th April, 2011. It is planned to further develop Fort Mahodadhi Palace project as heritage look and feel hotel in the Subsidiary Company.

The Ministry of Corporate Affairs has vide Circular No. No. 5/12/2007-CL-III dated 8th February, 2011 granted general exemption from the provisions of Section 212 of the Companies Act, 1956 in relation to attaching copy of  the Balance Sheet, Profit and Loss account, Board’s Report and Auditor’s Report of the subsidiary companies alongwith the holding company’s Balance Sheet.

Pursuant to the said circular the annual accounts of the subsidiary company(ies) and the related details shall be available to shareholders of the Company seeking such information. The annual accounts of the subsidiary company(ies)  are open for inspection by the shareholders of the Company at its registered office of the Company and of the subsidiary company(ies).

OTHER PROPERTIES

The Company is holding immovable properties at Baddi, Raipur, Nagpur, Coimbatore, Kottayam-Kerala, BKC and Amravati.