Club Mahindra Holidays

Club Mahindra is an Indian hospitality company established on 20 September 1996. It is a subsidiary of the Mahindra Group and operates a timeshare network of resorts across India and internationally.^[2]

Mahindra Holidays & Resorts India Ltd. (MHRIL)

Company type	Public
Traded as	NSE: MHRIL BSE: 533088
Industry	Hospitality
Founded	September 20, 1996; 28 years ago (1996-09-20)
Headquarters	India
Area served	Worldwide
Key people	Arun Kumar Nanda (Chairman) Kavinder Singh (MD and CEO)
Products	Vacation Ownership (VO)
Revenue	₹2,623 crore (US$310 million) (2023)[1]
Operating income	₹761 crore (US$90 million) (2023)[1]
Net income	₹115 crore (US$14 million) (2023)[1]
Total assets	₹9,317 crore (US$1.1 billion) (2023)[1]
Total equity	₹390 crore (US$46 million) (2023)[1]
Parent	Mahindra Group
Website	www.clubmahindra.com

Resorts

Club Mahindra resort in Munnar

As of 2024, Club Mahindra operates over 140 resorts globally.^[3] In India, it has more than 80 resorts in diverse landscapes such as the Himalayas, beaches, hill stations, backwaters, deserts, and forests.^[4] Internationally, Club Mahindra has properties across Europe, Scandinavia, Asia, Africa, and the Middle East.^[4]

Acquisitions

• In 2014, MHRIL acquired an 18.8% stake in European company Holiday Club Resorts Oy.^[5]
• In June 2014, MHRIL acquired Finland-based Holiday Club Resorts for ₹600 crore.^[6]
• In 2015, MHRIL raised its stake in Holiday Club Resorts Oy to 88%.
• In 2016, it acquired a 12% stake in Nreach Online Services.^[7]
• In 2017, the company increased its stake in Holiday Club Resorts Oy by 6.33%, bringing its total holding to 91.94%.^[8]
• In 2017, MHRIL partnered with the Ideal Group of Companies to expand operations in Sri Lanka.^[9]
• In 2018, Suha Travel & Tours W.L.L became the official distribution partner in Bahrain.^[10]