Kamat Hotels ( India ) Ltd. ( KHIL ) , a company promoted by Mr. Vithal Kamat, is engaged in the concern of cordial reception and allied concerns, and its activities may be loosely categorized into ( one ) operation of hotels owned by the Company, ( two ) direction of hotels owned by other parties under contract ( three ) catering services and ( four ) timeshare.
KHIL has steadfastly established four hotel trade names viz. The Orchid – An Ecotel Hotel in the 5-Star section and VITS Luxury Business Hotel in the 4-Star section, Gadh Hotels and Lotus Resorts. The focal point of the Company is in positioning its hotels to the concern section in the upscale, full service class. In add-on, the Company consciously follows the policy of environment preservation in the operation of its hotels in all facets viz. design, building and operations. This environment positioning gives a double advantage to the Company in footings of selling & A ; visibleness coupled with lower cost of operations.
Key Management forces
The managers of the company are:
Mr. Vithal Venkatesh Kamat
Executive Chairman & A ; Managing Director
Mr. Ramesh N. Shanbhag
Whole -Time Director
Mr. Vikram V. Kamat
Mr. S. S. Thakur
Mr. Ved Prakash Khurana
Mrs. Rajyalakshmi Rao
Mr. T. M. Mohan Nambiar
VISION & A ; MISSION: –
To do Kamat Hotels ( India ) Ltd one of the top three listed hotel companies by net incomes by 2015 in India
Plan to accomplish this?
Expansion of trade names through self-owned and Management/Franchisee paths Grow in virgin districts where the degree of competition is low and market is non tapped to its possible. Merge with smaller hotel ironss and turn through acquisition.
The adult male behind the vision:
From a low beginning as a little clip eating house proprietor to a Chairman and Managing Director, Vithal Kamat ‘s journey has decidedly been long and backbreaking. When 35 old ages back, a immature chap hardly in his teens joined the household eating house concern, non many would hold predicted the phenomenal rise of this easy-going adult male. His countrified appeal along with his street-smart acumen and a thrust to win has made him accomplish what he has set out to and is a steering force.
Mr. Vithal V. Kamat
He is a sing module of assorted providing colleges and direction 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 besides refereed many lucifers.
He was felicitated as the best Chief executive officer and received a particular Indian Express Editors Choice Award for advancing eco-tourism and back uping the healthy cause of environment.
A book in Marathi was authored by him based on his entrepreneurial experiences called “ Idli, Orchid Ani Mee ” , which is already in its 21st edition. The book has besides been published in English, Gujarati, Hindi and Urdu and is being translated in 16 different linguistic communications.
Executive Summary | Company Overview | Growth PatternA A A
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1958: Satkar Restaurant ( * ) , opposite Churchgate Station at Mumbai was the first Restaurant started. The success of Satkar Restaurant and increasing demand for fast-food prompted the group to establish Samrat Restaurant ( * ) at Churchgate in 1972 and a host of restaurants and providing concerns in western India. ( * ) Not portion of the KHIL Group now.
1986: The Company KAMAT HOTELS ( INDIA ) LIMITED was incorporated on 21st March, 1986. It took over its first residential hotel in Vapi – Shalimar Hotel. The group besides purchased a Residential Hotel at Khandala, a Hill Resort, between Mumbai and Pune. In the same twelvemonth, Kamat Super Snacks was besides started at Nana Chowk, Mumbai with 69 screens.
1988: The group built a Three Star Hotel with 32 suites in first stage with proviso for another 60 suites at Silvassa, a Union Territory, approximately kilometer from Mumbai.
1990: Plaza Hotel which was a four star Hotel in operation with 81 suites situated near Domestic Airport was purchased. The Hotel was remodelled and a Family Club with discotheque ‘Go Bananas ‘ was started.
1994: The Group went public through an IPO.
1995: Origin of the Kamats Catering Institute at Goregaon. Kamats Tours & A ; Travels established. In September same twelvemonth the Management of Kamats Plaza decided to upgrade and reopen the belongings as a Five Star Hotel.
1996: Hotel Siddharth ( Nasik ) – 32 suites – 3 leading hotel with license room & A ; a turnover of Rs. 76 hundred thousand in 2000/01, was taken over under a direction contract for 35 old ages.
1997: The Orchid, An Ecotel Hotel, Asia ‘s first Eco Friendly Five Star Hotel, was opened to Public on 27th September, 1997.
2001: The Company ventured, abroad by opening two of its subdivisions to get down with in San Francisco, USA in the name of “ Vithal Kamat ” on Management Contract footing, farther enlargement is in the grapevine. In the same twelvemonth ‘Vits Luxury Business Hotel at Mumbai ‘ was opened.
2007: Clear Water Capital Partners support for the New Projects. Besides the First Heritage Hotel “ Fort Jadhav Gadh ” was opened.
2008: VITS successfully rolls out across 5 major metropoliss in India, Pune, Nagpur, Aurangabad, Nasik 2008: Lotus Resorts launched and turn over out across Goa, Murud Dapoli Beach, Udaipur, Silvassa, Aronda Backwaters.
2009: Fort Mahodadhi commences 1st stage of operations.
2009: Lotus Konark Commences operations.
2010: Lotus Karwar commences operations 2010 VITS Delhi & A ; Bhubhaneshwar to get down operations 2010 Orchid Mumbai Expansion to get down operations 2010 Vithal Kamat, Honourable CMD wins PATWA award at Berlin for his accomplishments in Hospitality Industry.
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Having pioneered the Ecotel revolution in the state, Mr. Vithal V. Kamat is all set to transform the cordial reception industry in the state with his hereafter undertakings and is eyeing international markets.
PROJECTS UNDER IMPLEMENTATION: –
Refurbishing of The Orchid, Mumbai
The 3rd stage of refurbishing of balance 58 invitee suites and suites in the Company ‘s flagship hotel “ The Orchid ” at Mumbai has been completed.
Fort Jadhav Gadh, Pune
The Company has added swimming pool, watering place, unfastened air eating house and 12 collapsible shelter suites to Fort Jadhav Gadh, a Gadh Heritage Hotel at Saswad, Pune.A
Upgrading of “ VITS ” Nagpur
Simultaneously, the Company has refurbished the first two floors of its chartered hotel belongings Hotel Sunny International at Nagpur and upgraded it to concern category hotel, viz. , VITS. There are programs to renovate the 3rd and 4th floors suites during the coming twelvemonth.
Refurbishing of Kamats Hotel Sidharth, Nashik
The Company is adding two conference suites to the bing hotel belongings at Nashik. This will ensue in addition in the hotel grosss.
“ The Orchid Expansion ” Bombay
The building work of Orchid Expansion Hotel Project at Mumbai, add-on of 128 hotel suites to the Company ‘s bing five leading Ecotel Hotel “ The Orchid ” has started in October, 2008 at an estimated cost of Rs.136 Crores, This undertaking is likely to be to the full completed by August 2010.
“ VITS ” Bhubaneshwar
The Company has acquired an bing hotel with 80 suites and installations at Bhubaneshwar, Orissa State. Presently this belongings is under renovating and will be operational by November terminal, 2009.
Long Term Agreements with OTDC
The Company has signed two lease understandings with Orissa Tourism Development Corporation ( OTDC ) during the twelvemonth, on completion of successful command procedure and took ownership of Mahodadhi Niwas at Puri and Eco Resort at Ramchandi, near Sun Temple at Konark. The undertaking work is in advancement and likely to be completed shortly.
Lease Agreement for Palace at Parikud, Orissa
The Company has besides acquired, on long term rental footing, Parikud Palace in Orissa for eco- touristry and environmental survey for Chilika Lake.A
The Company has entered into direction contracts and agreements for supplying proficient consultancy. The new contracts includes
Lotus Lakeview Resort, Udaipur 80 suites
Lotus Beachside Resort, Karwar Karnataka, 60 suites
VITS- Luxury Business Hotel, NCR Delhi, 150 suites
Joint VENTURE/SUBSIDIARY COMPANY
The Company increased its interest in BW Highway Star Pvt. Ltd. from 17 % to 75 % by geting equity portions from other members/shareholders.
As a consequence of addition in the interest of the Company, BW Highway Star Pvt. Ltd. , has become a subordinate of the Company.
The Company is keeping immoveable belongingss at Baddi, Raipur, Nagpur, Coimbatore, A Kottayam-Kerala and Amravati for the intent of developing hotels and eating houses at the appropriate clip in position of great potentialA for touristry in the coming old ages. These hotel undertakings will be taken up at the appropriate clip.