Asian Hotels (East) is a company operating in the hospitality sector and it is a leading hotel company.
Image: company website
It has been through stages of merging and de-merging, and private to public holding, before its current form and name came into existence. Previously known as Vardhman Hotels Private Limited, and incorporated under the same name, this hotel company came into being on January 8, 2007.
The same year it was converted to a Public Limited Company, and starting 28th July 2007, the company began to be known by the name Vardhman Hotels Limited. With Asian Hotels Limited as the Transferor Company, and Chillwinds Hotels Limited and Vardhman Hotels Limited as the Transferee Companies, the then company entered into a Scheme of Arrangement and De-merger. The resultant company after completing the due legalities and formalities associated with transfer, vesting, demerger, and retention of the hotel’s liabilities and assets began to be known as Asian Hotels (East) Limited. This final change of name came about on February 11th 2010. Among its prized possessions are the hotels Hyatt Regency in Chennai and Kolkata. The hotel chain functions under the able and professional guidance of its key people – notably Mr.Radhe Shyam Saraf heading as the Chairman and Mr.Umesh Saraf and Mr. Arun Kumar Saraf as the Joint Managing Directors. As reflected by online surveys, Asian Hotels (East) has been showing an upward trend with respect to customer satisfaction, which has been achieved by the apt combination of leadership, vision and focus on customer engagement. With its intensive marketing and branding efforts showing fruitful results, the company has also shown a positive trend with respect to the business it h been attracting in the last couple of years.
It is listed on both the BSE and NSE stock exchanges of India. The number of its outstanding shares now stand at 11,440,585 as of March 31st 2016.