Royal Orchid Hotels Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 24, 2010, … Infrastructure in India is improving, how do you see this affecting hotel business? www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. Royal Orchid & Regenta Hotels is one of India's fastest-growing hospitality brands, managing a portfolio of over 50+ properties across the country. His experience with Royal Orchid Hotels led him to conceptualize Spree Hotels – a hospitality brand designed … The market has improved and is expected to improve further with visible growth. Bangalore-based Royal Orchid Hotels Ltd is entering the Mumbai hospitality market. His involvement in expansion extends to include evaluating and selecting from the funding sources in the market. Royal Orchid Hotels Limited is presently operating 13 hotels across 7 major cities in India which include five hotels in Bangalore, two in Mysore, two in Pune, one each in Jaipur, Goa, Ahmedabad and Mumbai. 274,252,160. | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc. Started in the seventies by Chender K Baljee, the Baljee Group (re-branded as Royal Orchid Hotels) will soon become one of India’s most recognized names in hospitality. Our representative will contact you shortly! His pedigree in hospitality and technology led him to launch Spree Hospitality in 2010. We have been expanding very aggressively in the last few years. Lower of ₹20/order or 0.05% for Futures & Intraday. If so then how much funds are you tying up for the same? His firm plans to add about 10,000 rooms to the ZiP brand over the next one year, up from about 390 rooms now, Baljee … 34. By May 2015, the count of hotels rose to 28, including 10 owned by the company, and 18 managed through joint ventures or contracts. The younger son of Royal Orchid Hotels Founder, Chander Baljee, Keshav branched out from his father’s business to start Spree Hospitality and is now aiming to not just provide the best services in hospitality but generate employment for thousands. Keshav Baljee Angel Investor interested in Consumer, SAAS, Hospitality, Food, Travel Current CEO @ Spree Hotels Earlier Founder @ ZipRooms, a budget hotel aggregator startup Computer Engineer from Univ of Penn Business Undergrad at Wharton MBA from ISB Also Director, of Royal Orchid Hotels, a listed hotel … In view of the upcoming common wealth games, the Ministry of Tourism is very closely involved in monitoring the creation of additional accommodation for the games. The occupancies went down in the first half of the last fiscal year but from the third quarter onwards occupancies saw a correction and have gradually improved. The quality in terms of the English spoken manpower is very good as compared to many of India’s competitors viz China, South Asian countries. The hospitality chain has acquired a majority stake in Powai-based Amartara Hospitality Pvt Ltd with plans to set up a four-star business hotel. Royal Orchid Hotels Limited Consolidated Related Party Schedule 1 Related parties Key Management Personnel (KMP) Mr. Chander K. Baljee Relatives of KMP Mrs. Sunita Baljee (upto November 10, 2019) Mr. Sunil Sikka Mr. Keshav Baljee (w.e.f. How much are you investing for the same? The rest of the world has faced a severe shortage of capital; India has seen a surge in fund inflows and a fairly robust investment in infrastructure. Most of the hotels in the group are present in Metro cities. Yes, like any other industry global recession and Mumbai attacks did impact the Hotel industry. No: INP000002213, IA SEBI Regn. Your Reason has been Reported to the admin. It is at your, the user's, discretion to proceed with accessing this website. Keshav Baljee, co-promoter of hospitality company Royal Orchid Hotels, has … +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Many international budget hotel chains are foraying into India, so how do you see the scenario of Indian Hotel Industry? By May 2015, the count of hotels rose to 28, including 10 owned by the company, and 18 managed through joint ventures or contracts. Royal Orchid’s Keshav Baljee incubates ZiP to Hotel room aggregator business. His role in the company diversified when he recently took on the role of directing various PR, HR and marketing initiatives within the organization. Managing Director. Mr Keshav Baljee, co-promoter of Bangalore-based Royal Orchid Hotels, has launched another hospitality chain — Spree Hotels — in the mid-market … Last year has not been very attractive due to various reasons of recession and terror attacks. In a tete-a-tete with RITZ, he talks about the hospitality business and his famous legacy. 15 In terms of relative price strength - which takes into account the overall market trend - the Royal Orchid Hotels price has moved by -11.14% over the past year. ZiP Rooms, a brainchild of Royal Orchid Hotels co-promoter Keshav Baljee, aims to offer 10,000 rooms in over 100 cities by the current year-end. An alumnus of the Wharton School, University of Pennsylvania and the Indian School of Business (ISB, Hyderabad), Keshav Baljee has played an important role in promoting Royal Orchid Hotels Limited as a hospitality brand across the country. The group will make its international foray by establishing a beach Resort in a key location overseas by 2012. Royal Orchid Group of Hotels operate 18 business and leisure hotels in 11 popular destinations. This was the primary reason which has helped the ball rolling for the existing players in the business. ROYAL ORCHID SOUTH PRIVATE LIMITED. The flagship hotel was established in Bangalore in 1973 by Chender K. Baljee. No: INH000000248. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. | "No need to issue cheques by investors while subscribing to IPO. Director. ... ROYAL ORCHID HOTELS LIMITED. Shares in Royal Orchid Hotels are currently trading at ₹75.1 and the price has moved by 3.66% over the past 365 days. Report Discrepancy. Subscribe to StockReports+ for All driven quantitative analysis at stock, industry, portfolio and market levels, Go on, subscribe to StockReports+ so that you don’t miss out on the next big idea for trading and investing. 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