Top 10 Hotels in India 2016

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5. ITDC – Ashoka Hotels

The only PSU (Public Sector Undertaking – owned by the Union or State/Territory governments of India) to feature on this list is The India Tourism Development Corporation Limited (ITDC).

Image: company website

Headquartered in New Delhi, ITDC has business ventures not only in hospitality sector, but also in retail and education sectors. Founded in October 1966, ITDC is owned by the Government of India and falls under the Ministry of Tourism, and the key services provided by ITDC include transportation facilities, restaurants and hotels.

At several places, tourists can also avail of duty free shopping and other entertainment sources. Besides this, ITDC also partakes in producing, distributing and selling publicity literature for tourists. Of the over 17 properties that ITDC owns, several of them are under the Ashok Group of Hotels (Jammu, Delhi, Jaipur, Patna, Itanagar, Puducherry, Bhopal, Ranchi, Bhubaneshwar, Guwahati), some under the Samrat and Janpath brand names (eg: Delhi) and some under strategic joint ventures. They also own and operate transportation units, duty free shops at both airports and seaports, and sound and light shows. On the behalf of Department of Tourism, ITDC also manages a restaurant at Kosi and the Bharatpur Ashok Hotel. Being a PSU, it also offers packages for serving Government employees, veterans, students and the differently-abled. At the 7th Dalal Street Investment Journal Annual Awards (2015), ITDC bagged the ‘Fastest growing Miniratna Award’ which testifies its commitment to customer service and business growth. ITDC’s Commercial and Marketing Director Dr. Piyush Tiwari was also felicitated with Best Professional in Business Development award at the PATWA International award 2016 for the Tourism industry, which further fortifies its business approach. The other key people ITDC Includes are Mr. Umang Narula (IAS) who functions in the capacity of its Chairman and Managing Director. ITDC is listed only on the BSE.

Market Cap (Rs. cr): 1914

Net Sales (Rs. cr): 435

Net Profit (Rs. cr): 22.55

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