Top 10 Hotels in India 2016

Posted in Top Brand Lists, Total Reads: 362
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8. Mac Charles (Le Meridien)

Mac Charles (India) Ltd. is a hospitality company that was founded on September 28 in the year 1979 and has its headquarters in Bangalore (now called Bengaluru).


Image: company website

Owning and operating hotels, it also provides banquet hall and travel services besides accommodation at its units, and the key hotel property to Mac Charles’ (India) name is the Le Meridien Hotel in Bangalore. Situated amidst the lush green of the garden city that Bangalore is, Le Meridien is indeed a remarkable example of luxury meets culture.

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Given that the hotel is situated close to both the commercial and business areas, it becomes the top choice for the leisure traveller as well as the business traveller. The Certificate of Excellence by the American Travel website TripAdvisor is a testimony to the grandeur and outstanding customer experience of the hotel Le Meridien. Under the strong leadership of Mr. C B Pardhanani, who is the Chairman, Mr. P B Appiah, Mr. Suresh Vaswani, Mr. M R B Punja, and Ms. Tanya Girdhar John, who each work in the capacity of Directors, Mac Charles (India) has secured for itself a comfortable position when it comes to the key performance indicators such as market capitalization, total revenues and net profits. It has been doing considerably well compared to its peers and has a positive outlook towards the future. In fact, in the last quarter that ended on March 31st 2016, the company reported sales (consolidated) of INR 32.27 cr, which is a staggering increment of nearly 50% on its sales numbers for the last quarter.

Mac Charles (India) is listed only on the BSE stock exchange. The number of its outstanding shares as of 31st March 2016 is 13,101,052.

Market Cap (Rs. cr): 532

Net Sales (Rs. cr): 88

Net Profit (Rs. cr): 32