#apeejay surrendra park

[techmarkethunter]

Apeejay Surrendra Park Hotels IPO: 5-Star Opportunity or Risky

Apeejay Surrendra Park Hotels IPO: 5-Star Opportunity or Risky Gamble? The Apeejay Surrendra Park Hotels (ASPH) IPO is making waves in the hospitality industry, promising a slice of luxury for discerning investors. But before you book your metaphorical suite, let’s delve deeper and see if this offering is a golden opportunity or a potential pitfall. A Legacy of Hospitality: ASPH boasts a…

[digitalsanshta]

Apeejay Surrendra Park Hotels IPO

Apeejay Surrendra Park Hotels IPO

Apeejay Surrendra Park Hotels IPO a renowned player in the luxury hospitality sector, has recently announced its Initial Public Offering (IPO), marking a significant milestone in its journey. The IPO presents a unique opportunity for investors to delve into the world of upscale accommodation and premium hospitality services.

Company Overview:

Established in 1967, Apeejay Surrendra Park Hotels IPO has a rich legacy of providing top-notch hospitality experiences. The company operates a portfolio of luxurious hotels and resorts across India, catering to both business and leisure travelers. With a commitment to excellence and a focus on customer satisfaction, the company has carved a niche for itself in the competitive hospitality industry.

Financial Prospects:

The IPO is expected to provide a fresh infusion of capital for Apeejay Surrendra Park Hotels IPO enabling the company to expand its footprint and enhance its services. Investors keen on participating in the IPO can anticipate potential returns as the company leverages its strong brand presence to tap into the growing demand for upscale accommodation.

Market Dynamics:

The luxury hospitality sector has shown resilience, even in challenging times. With an increasing number of discerning travelers seeking elevated experiences, Apeejay Surrendra Park Hotels IPO is well-positioned to capitalize on this trend. The IPO is anticipated to attract attention from investors looking to diversify their portfolios with exposure to the thriving hospitality industry.

Risks and Considerations:

As with any investment, potential investors should carefully assess the risks associated with the hospitality sector, including economic downturns, geopolitical factors, and the impact of global events on travel trends. Diligent research and consultation with financial experts are essential for making informed investment decisions.

Conclusion:

The Apeejay Surrendra Park Hotels IPO presents an enticing opportunity for investors to become part of a brand synonymous with luxury and hospitality. As the company embarks on this new chapter, it invites stakeholders to join its journey towards further growth and success in the dynamic world of premium accommodation and unparalleled service.

[elitewealth2020]

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[wealthview]

Apeejay Surrendra Park Hotels Limited IPO Date, Price, GMP, Company profile, financials & risks: Dec 23

New Post has been published on https://wealthview.co.in/apeejay-surrendra-park-hotels-limited-ipo/

Apeejay Surrendra Park Hotels Limited IPO Date, Price, GMP, Company profile, financials & risks: Dec 23

Apeejay Surrendra Park Hotels Limited IPO: Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading Indian hospitality chain, operating luxury and mid-market hotels, resorts, and convention centers across India. Established in 1971, they boast a rich legacy with brands like The Park, Park Exotica, The Fern, and Beacon Hotels. The Indian hotel industry is expected to witness significant growth in the coming years driven by strong domestic travel and a flourishing tourism sector.

Apeejay Surrendra Park Hotels Limited IPO Details:

IPO Dates: Yet to be announced. The Draft Red Herring Prospectus (DRHP) has been submitted to SEBI, but the open/close and listing dates are pending approval.

Offer Size: ASPHL aims to raise Rs. 1,050 crore through the IPO. This comprises a fresh issue of shares worth Rs. 650 crore and an Offer for Sale (OFS) of Rs. 400 crore from existing investors and promoters.

Price Band: Not yet revealed. The price band will be determined during the book-building process.

Recent News Updates:

The DRHP filing with SEBI marks the official step towards the IPO launch.

The hospitality industry, especially in the luxury segment, has shown strong recovery post-pandemic, which could positively impact investor sentiment.

Offer Details:

Securities Offered:

The Apeejay Surrendra Park Hotels Limited IPO will offer only equity shares. There will be no bonds or other types of securities involved.

Investor Category Reservation:

Retail Individual Investors (RIIs): 35% of the net offer (excluding the employee reservation portion).

Qualified Institutional Buyers (QIBs): 50% of the net offer.

Non-Institutional Investors (NIIs): 15% of the net offer.

Employee Reservation:

Up to 5% of the post-offer paid-up equity share capital of the company may be reserved for eligible employees.

Minimum Lot Size and Investment Amount:

The minimum lot size is yet to be confirmed, but it will likely be in the range of 100-200 shares.

Estimated Investment Amount:

With the price band unknown at this stage, it’s difficult to estimate the exact investment amount for a minimum lot. However, based on previous hospitality IPOs and the offer size, the minimum investment could fall within the range of Rs. 10,000 – Rs. 20,000.

Company profile:

A Journey of Excellence:

Founded in 1971, Apeejay Surrendra Park Hotels Limited (ASPHL) boasts a rich 50-year history in the Indian hospitality industry.

Starting with The Park in Kolkata, a pioneering luxury boutique hotel, they’ve grown into a diverse chain with a presence across India.

Today, ASPHL operates five distinct brands catering to various segments:

The Park: High-end luxury hotels for discerning travelers.

The Park Collection: Upscale boutique hotels with personalized service.

Zone by The Park: Stylish and contemporary mid-market hotels.

Zone Connect by The Park: Affordable and efficient business hotels.

Stop by Zone: Budget-friendly hotels for value-conscious travelers.

Market Position and Footprint:

ASPHL ranks among the top 10 hotel chains in India by asset ownership and operates over 70 hotels and resorts across 28 cities.

Their market share in the luxury segment is significant, with The Park being a renowned brand associated with exclusivity and refined experiences.

Key Milestones and Achievements:

Opening of The Park in Kolkata in 1967, marking the birth of India’s first luxury boutique hotel.

Bagging prestigious awards like “Best Luxury Hotel Brand India” and “World’s Leading Boutique Hotel Brand” by World Travel Awards.

Successful acquisition and integration of The Fern Hotels & Resorts in 2015, expanding their brand reach and market share.

Strong financial performance with consistent revenue growth and profitability.

Competitive Advantages and USP:

Legacy and Brand Recognition: ASPHL’s long-standing reputation and established brands like The Park give them a distinct edge in the market.

Diverse Portfolio: Catering to various segments with their varied brands allows them to tap into a wider customer base.

Focus on Innovation and Design: Their hotels are known for their contemporary design aesthetics and unique experiences, setting them apart from competitors.

Operational Excellence: Strong operational efficiency and a commitment to guest satisfaction contribute to their success.

Financials:

Particulars Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021 Total Income 5,244.30 2,678.30 1,322.68 Profit After Tax (PAT) 480.62 282.02 758.84 Total Borrowings 5,668.80 6,226.79 5,012.11 Cash & Cash Equivalents 165.70 85.40 88.72

Note: Amount in ₹ Million.

IPO Objectives:

Rationale for Going Public:

Apeejay Surrendra Park Hotels Limited (ASPHL) has cited several key reasons for its upcoming IPO:

Raise capital for growth: The primary objective is to raise Rs. 1,050 crore, with Rs. 650 crore being fresh issue and Rs. 400 crore an Offer for Sale (OFS) by existing investors and promoters. This capital will be used to fuel ASPHL’s ambitious expansion plans.

Enhance brand visibility and market confidence: Listing on the stock exchange will boost the company’s brand image and credibility, potentially attracting wider investor interest and strengthening its position in the Indian hospitality market.

Improve liquidity and facilitate future fundraising: Publicly traded shares provide greater liquidity for investors and pave the way for easier access to capital in the future, supporting further growth initiatives.

Employee motivation and retention: Offering employee stock ownership plans (ESOPs) through the IPO can incentivize and retain key talent, further contributing to the company’s success.

Fund Utilization Plans:

ASPHL intends to utilize the raised funds in the following ways:

Debt repayment and prepayment: A portion of the funds will be used to reduce outstanding debt, lowering interest burden and improving financial flexibility.

Expansion and renovation: ASPHL plans to add new hotels and resorts, particularly in underpenetrated markets, and upgrade existing properties to maintain their competitive edge.

Brand acquisition and strategic partnerships: The company might explore potential acquisitions or partnerships to strengthen its brand portfolio and geographical reach.

General corporate purposes: A portion of the funds will be kept for working capital needs and unforeseen expenses.

Potential Risks:

Industry Headwinds:

The Indian hospitality industry, while promising, is still recovering from the pandemic’s impact.

Rising inflation and potential economic slowdown could lead to reduced travel spending and impact hotel occupancy rates, affecting ASPHL’s revenue and profitability.

Increased competition from established players and new entrants could intensify market pressure on margins and market share.

Company-Specific Challenges:

High Debt Levels: While ASPHL plans to utilize part of the IPO proceeds for debt repayment, its current debt-to-equity ratio remains relatively high. This raises concerns about financial stability and future borrowing capacity.

Dependence on Key Locations and Brands: ASPHL’s revenue is concentrated in certain cities and relies heavily on its established brands like The Park. This dependence on specific markets and brand performance leaves them vulnerable to regional economic fluctuations or brand reputation issues.

Execution Risk: Successfully implementing the intended expansion plans and achieving projected growth targets relies on efficient execution, which presents operational and financial challenges.

Financial Health Analysis:

Profitability: While showing profitability, ASPHL’s PAT has declined compared to 2021.

Revenue Growth: The company has exhibited consistent revenue growth, but the rate of growth needs further analysis to assess future sustainability.

Cash Flow: Analyzing the company’s cash flow statement would provide insights into its liquidity and ability to meet financial obligations.

Apeejay Surrendra Park Hotels Limited DRHP

Also Read: How to Apply for an IPO?

[tradeflock1]

Top 10 Female Entrepreneurs in India — Who will inspire you — Trade Flock

India is home to talented women. Meet some leading female entrepreneurs in India in this post who make their identity across all domains and industries.

1. Vandana Luthra — The Creator of VLCC

Vandana Luthra is an Indian moving business person who is the pioneer behind VLCC Health care Ltd. The organization sells magnificence items and health combinations. The organization is distributed in the Middle East, Africa, Asia, and Europe. In 2014 she became director of the Beauty and health area abilities board which is certainly not a productive association, the B&WSSC gets monetary help from NSDC which goes into the Ministry of Skill Development and Entrepreneurship.

Present Age(in 2022): 61 years

2. Kiran Mazumdar Shaw — The Creator of Biocon Limited

Kiran Mazumdar-Shaw is an original business visionary and worldwide business pioneer with north of forty years of involvement with biotechnology. Energized by her energy, she began her biotech process in 1978 from her carport in India. Today, that excursion is improving lives across the globe. She is viewed as a capricious mastermind with numerous firsts amazingly.

Present Age(in 2022):69 years

3. Priya Paul– The chairperson of Park Hotel

Priya Paul is the chief and an individual from the Group Management Committee of Apeejay Surrendra and directors of Park Hotels — established in 1968. As of now, she is an individual from the National Council of Science Museums, the warning chamber of the public in the travel industry, and the director of the South Asia Women’s Fund. She was designated as VC of the WTTC for 2013 — Indian Initiative Trustee, and the Trustee of (IFA) India Foundation of Arts. Priya Paul is, rounded by Forbes up 2019, as one of Asia’s 50 powerful financial specialists.

Present Age(in 2022): 55 Years

4. Ritu Kumar — The Fashion designer

Ritu Kumar is an Indian fashion designer who started her Fashion profession in Kolkata. At first, she was making marriage wear and night garments. After some years, she entered a worldwide market. She has been working her business in a few different producing urban communities in France and New York. In 2013, She was also conceded Padma Shree by the Indian government. About her schooling, she finished tutoring at Loreto Convent and has done school from woman Irwin College. Later she got a grant at Briarcliff College in New York, where she sought after Art History.

Present Age(in 2022): 77 Years

5. Suchi Mukherjee — Creator & CEO of Limeroad

A lady named Suchi Mukherjee, the Founder and CEO of a major E-trade organization famously known as Limeroad. It is an Indian web-based commercial centre arranged in Gurugram, Haryana. Today, She isn’t simply the organizer and CEO of the organization, however, she likewise has turned into an E-trade face of India, as she began an upset in the web-based business field. In 2018, Suchi imparted the stage to Indian Prime Minister Narendra Modi at the gathering.

Present Age(in 2022): 49 Years

6. Indra Nooyi –Indra Nooyi — The board individual from Amazon

Indra Nooyi is a previous CEO of PepsiCo who has joined Amazon’s top managerial staff. In the wake of finishing a graduate degree from Yale School of Management, she filled in as an item supervisor at Johnson and Johnson. Later she joined the Boston Consulting Group as a procedure expert. In 1994, she began working at PepsiCo, later she drove the organization as CEO from 2006 to 2018. In Feb 2019, she chose an individual from Amazon’s directorate. In 2017, In 2017, She held the title world’s 11th most influential lady as to Forbes.

Present Age(in 2022): 66 Years

7. Aditi Gupta — The Co-organizer behind Menstrupedia

Aditi Gupta is a creator and prime supporter of Menstrupedia. Afterwards, they made a site called menstrupedia.com. In 2014, Menstrupedia turned into a band together with Whisper India for their school contact program and introduced “Contact the Pickle”, this development happened in four distinct urban communities. In 2014, she sent off a comic book and got basically achievement, the book has been converted into Spanish and Nepali. Menstrupedia comics are utilized by schools like Bright English School Ahmedabad, Ecole Mondiale World School, GlS Primary school, and numerous others.

8. Falguni Nayar — The Creator of Nykaa

Falguni Nayar, the pioneer behind Nykaa, one of India’s greatest internet-based design and way of life gateways, had been carrying on with the best life. Subsequent to serving 20 years as an endeavour financial backer and vendor with Kotak Mahindra, she unexpectedly reported her flight to seek after her dream. Profiting by the extent of magnificence and skincare items on the web, she controlled herself towards Nykaa, and out came a stage that made history with its appearance. Maintaining her web-based business effectively, alongside 35 actual stores, cleared a path for a business visionary who told the world that age is only a number.

Present Age(in 2022): 59 Years

9. Vani Kola — Founder, Kalaari Capital

Vani Kola is a popular Indian Venture Capitalist and business person. She is the pioneer and CEO of Kalaari Capital, a funding firm situated in Bangalore, India. Vani has been an effective business person in the past in Silicon Valley, USA. She raised about $650 million and holds stakes in excess of 60 new businesses, including Flipkart Online Services Pvt. what’s more, Jasper Infotech Pvt’s Snapdeal. A portion of her significant ventures incorporates Myntra, VIA, Apps Daily, Zivame, Power2SME, Bluestone and Urban Ladder. She is additionally an extraordinary speaker who has conveyed persuasive discourses at innovative discussions like TED Talks, TIE and INK.

Present Age(in 2022):58 or 59

10. Radhika Ghai — Co-Founder, Shopclues.com

Falguni Nayar, the pioneer behind Nykaa, one of India’s greatest internet-based style and way of life entryways, had been carrying on with the best life. Subsequent to serving 20 years as an endeavour financial backer and dealer with Kotak Mahindra, she out of nowhere reported her flight to seek after her dream. Benefiting from the extent of excellence and skincare items on the web, she directed herself towards Nykaa, and out came a stage that made history with its appearance. Maintaining her web-based business effectively, alongside 35 actual stores, clear a path for a business person who told the world that age is only a number.

Present Age(in 2022): Not Known

[hospitality-world-news]

We are EBITDA positive in Q3: Vijay Dewan - ET HospitalityWorld

We are EBITDA positive in Q3: Vijay Dewan – ET HospitalityWorld

“We have used this crisis of the pandemic as an opportunity,” Vijay Dewan, Managing Director of Apeejay Surrendra Park Hotels Ltd said while speaking exclusively with ETHospitalityWorld about his group’s performance and vision. “The first thing we have done is that we have been able to strongly control the costs—cost management in the first quarter was a huge focus. The crisis is being used to…

[kohli148niharika]

Priya Paul (born 1967) is an Indian businesswoman, the chairperson of Apeejay Surrendra Park Hotels, a subsidiary of the Apeejay Surrendra Group, which operates The Park Hotels chain of hotels.

https://womenlisted.com/

[indianarrative1]

At least 80 companies are in the process to tap the primary market to raise approximately Rs 51,515 crore equity capital in FY 2020-21 with benchmark indices up by 50 per cent since March and IPO listings getting strong demand from the public.

India Inc is rushing for the primary market by way of initial public offerings (IPOs). Interestingly, the rush for IPOs comes at a time when the GDP growth is badly hit, economic activity is muted but on the flip side capital markets are going strong.

According to data made available by Geojit Financial Services, as many as 80 firms have approached the regulator Securities and Exchange Board of India (Sebi) to get the necessary approvals for tapping the primary market through the rest of the current fiscal.

Together, these firms are planning to raise equity capital aggregating to Rs 51,515 crore from the primary market, the brokerage said.

“The year 2019 has been the worst year from a primary market perspective as IPO offerings tumbled to a four year low – Rs 12,600 crore raised by16 companies – due to economic slowdown and elevated global trade tensions. However, a trend reversal is happening with the benchmark indices witnessing a sharp run up in recent months led by improved market sentiments on the back of gradual opening up of the economy since June. Around Rs 40,000 crore to Rs 55,000 crore is expected to be raised through the IPO route in the near future. IPOs are expected to be on track from H2FY20 onwards led by a robust pipeline going by DRHPs filed with Sebi,” said Vinod Nair, Head – Research, Geojit Financial Services.

“Market sentiments have certainly improved in recent months as reflected in the performance of benchmark index Sensex which gained over 50 per cent from its March lows. Besides, investors’ interest in primary market has increased in recent times after strong listings of recent IPOs. Further, two more IPOs launched recently received a good amount of subscription from retail investors. Moreover, the upcoming IPOs are well known names in their respective verticals and have healthy ongoing business and decent future growth prospects, Thus we do believe that primary market would continue to gain attention from investors of all class in the future,” said Ajit Mishra, Vice President – Research, Religare Broking.

Out of the 13 new listings on the stock exchanges so far this year, 10 made stellar debut and are now trading well above their issue and listing prices implying a positive market environment for IPOs from well managed companies. Also the rush to make equity capital is considered as a healthy sign since leverage is considered as a bad business proposition for non-financial corporate.

According to the data by Geojit Financial Services, some of the companies coming up with IPOs include UTI Asset Management, ESAF Small Finance, Burger King, Kalyan Jewellers, CAMS, Angel Broking, MilkBasket, Grofers, Studds Accessories, Lodha Developers, Aakash Education, Mrs Bector’s Food Specialities, Senco Gold, Flair Writing, Anand Rathi Wealth Management, Penna Cements, Barbeque Nation, NSE, Lite Bite Foods, National Insurance Company, Indian Railways Finance Corporation, Indian Renewables Energy Development Agency, Mazagaon Dock, Bajaj Energy, JSW Cements, Emami Cements, PNB MetlIfe, HDB Financial Services, Apeejay Surrendra Park Hotels, Gland Pharma, NCDEX, TCIL, Hinduja Leyland Finance among others.

[techsciresearch]

India Hotel Market to Grow at 15% until 2025

Rising urbanization, increasing foreign & domestic tourist arrivals coupled with expanding middle class and young working population to drive hotel market in India

According to a recently released TechSci Research report, “India Hotel Market By Hotel Type, By Revenue Streams, By Booking Type, By Region, By Major City, Competition, Forecast & Opportunities, 2025”, hotel market in India is projected to grow at a CAGR of around 15% during the forecast period 2020 – 2025 on account of increasing number of foreign and domestic tourist arrivals, rising internet penetration, growing disposable income, increasing passion towards travelling among youngsters and expansion of the online channel booking due to the higher discount availability. Also, increasing urbanization, evolving lifestyles, and growing nuclear families in India are positively influencing the market. Moreover, improved air connectivity is also significantly aiding the country’s hotel market, especially in the metro and non-metro cities.

Another important factor boosting India hotel market is a rising number of people travelling for business purpose across the country. Hoteliers are increasingly focusing on offering customer-friendly and comfortable environment coupled with service customization to guests. For eg. digital check-in service provided by the Hilton in its hotels helps customers to check-in through the hotel’s app without reaching the hotel physically.

Browse more than 15 market data Figures spread through 70 Pages and an in-depth TOC on"India Hotel Market"

https://www.techsciresearch.com/report/india-hotel-market/4512.html

Hotel market in India is categorized into Upscale, Mid-Market and Economy segments. Mid-Market accounted for the largest share in India hotel market in 2019, followed by Upscale Hotels segment. In terms of region, the country’s hotel market was dominated by North region, followed by West, South and East regions, and the trend is expected to continue during 2020 – 2025.

Major players operating in India hotel market include Oravel Stays Private Limited, Indian Hotels Company Limited, ITC Limited, EIH Limited, Bharat Hotels Limited, Lemon Tree Hotels, The Leela Palaces, Hotels and Resorts, Marriott Hospitality Services Private Limited, Hilton India Pvt Ltd, and Radisson (India) Private Limited. Other players that have noticeable presence in the country include Concept Hospitality, Sarovar Business And Leisure Hotels Private Limited, Neesa Leisure Ltd, Pride Hotels Limited, Apeejay Surrendra Park Hotels Limited, Park Hotels Limited, Berggruen Hotels Pvt Ltd, Wyndham Hotels & Resorts India Private Limited, Brigade Hospitality Services Limited, Intellistay Hotels Private Limited, Four Seasons Hotels Private Limited, Intercontinental Hotels Group (India) Private Limited, Ruptub Solutions Pvt Ltd (Treebo ) and Aapc India Hotel Management Private Limited.                        

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4512

Customers can also request for 10% free customization on this report.

“India hotel market is expected to grow at a rapid pace due to rising urbanization and increasing presence of international brands across the country. Also, due to the expanding working population, high-end hospitality services being offering by a rising number of hotels and international brand expansions, the hotel industry in the country is expected to witness robust growth in the coming years. Dual-income families is yet another emerging consumer segment that is being targeted by the leading players operating in the country’s hotel market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Hotel Market By Hotel Type, By Revenue Streams, By Booking Type, By Region, By Major City, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India hotel market and provides statistics and information on market structure, consumer behaviour and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities available in India hotel market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country-specific high growth markets helps TechSci clients to lead rather than follow market trends.

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[luxuryfacts-blog1]

Women Leaders in Luxury in India

There are many women leaders in India, a country that had its first woman Prime Minister in 1966, where so many other countries haven’t seen even one. In the luxury industry, there is even more dominance of women. We list 5 such examples of inspiration

By: Soumya Jain

The luxury industry is a tough market. The product has to be exemplary, unique, handcrafted, and its rules for marketing are also much more sophisticated and unique as compared to those of mass or budget brands.

It’s no wonder then, that with their innate love for design, style and hospitality, women have dominated luxury boardrooms in India. Here are five women leaders in the Indian luxury industry, according to Fortune India in 2018, who made headlines in luxury magazines in India for various reasons.

1.      Mira Kulkarni – Number 22 in Fortune India’s ‘Most Powerful Women in Business’ list, Mira Kulkarni is Chairman and Managing Director at Mountain Valley Springs. You would more popularly know her as the head of the brand Forest Essentials. Who hasn’t fallen in love with her mogra incensed perfumes and mists? Though the brand is widely covered in luxury magazines in India, you wouldn’t have heard as much about Mrs. Kulkarni. She is a firm, strong individual.

2.      Anita Dongre – Listed at number 24 in the same list by Fortune India, Anita Dongre is pretty much a household name now. With her multiple sub-brands, 300 stores worldwide, and love for elegant yet bright colored designs, fashion enthusiasts love her creativity. A regular staple in fashion magazines and blogs, Ms. Dongre is one of the biggest fashion brands to emerge from India. Kudos!

3.      Ritu Kumar – Although at number 37 in Fortune India’s list, we think she could have been a little higher up. Having celebrated 50 years in the Indian fashion industry, she is the original textile revivalist in India, way before sustainability became a fad. Her loyalty to authentic weaves and fabrics such as Benarasi textiles has been hailed as great importance in the industry. Her designs are regularly featured in luxury magazines in India, while she is also featured as a representative of India and its textile heritage.

4.      Priya Paul – Directly after Mrs. Kumar comes Priya Paul at 38 in Fortune India’s list. Chairperson of Apeejay Surrendra Park Hotels, Mrs. Paul is in expansion mode after a few quiet years. Heading one of the first luxury boutique hotels chain in India, The Park hotels, Mrs. Paul has her finger on the pulse of hospitality. Her business acumen is sharp. And she deserves to be, again, higher up in the list.

5.      Gauri Khan – A new entrant in the list, she has been placed at number 42 by Fortune India. Mrs. Khan has proven that she is much more than Shahrukh Khan’s wife. A design leader, Mrs. Khan is designing nurseries and stores with as much gusto as party rooms. Her modern design and neutral aesthetics have wowed the film fraternity and industrialists community in India.

Here’s to girl power! And seeing more names of women in the Indian luxury business!

Soumya Jain is the Chief Editor & CEO of LuxuryFacts.com – the first and only luxury blog and magazine in India. She is also the Co-Editor of ‘The Luxury Market in India: Maharajas to Masses’, published by Palgrave Macmillan and launched in September 2012. The book is a window into the highly complex Indian luxury market. Soumya is also a visiting lecturer for luxury marketing and online journalism at leading educational institutes in India. She has been invited to speak at conferences and address industry colleagues about the Indian luxury market. Recognising her knowledge of the market, she has been quoted by media such as Fast Company, Wall Street Journal & Financial Times among others, while also contributing articles on luxury in various publications.

[consumerinfoline]

Park Hotels MD Nijay Dewan new CII Bengal chairman

Park Hotels MD Nijay Dewan new CII Bengal chairman

Park Hotels MD Nijay Dewan new CII Bengal chairman

Kolkata, Feb 23 (PTI) Vijay Dewan, Managing Director

of Apeejay Surrendra Park Hotels Ltd, has been elected as

Chairman of CII West Bengal State Council for 2019-20.

Mehul Mohanka, Managing Director & Group Chief

Executive Officer of Tega Industries Ltd was elected as

the deputy chairman for the next fiscal, the Confederation of

Indian Industry…

[cakandivali]

Apeejay Surrendra Park Hotels launches ‘Zone by The Park’ in Kolkata

Latest Updates - CA Mitesh Hotel chain Apeejay Surrendra Park announced the launch of a new 'Zone by The Park' hotel in Kolkata on Friday. The group said the hotel is located in New Town Kolkata. The group refers to Zone by The Park' as an upscale brand catering to price-conscious’ travellers. Zone by The Park, Kolkata will have 117 rooms and is situated adjacent to the Biswa Bangla Convention Centre. Average tariffs for the hotel will range from Rs 3500-5500. The Zone by The Park brand is present in Coimbatore, Jaipur, Chennai, Raipur, Bengaluru and Jodhpur with upcoming hotels in Gurugram, Jammu, Jaipur, Goa, Amritsar and Surat. Priya Paul, chairperson of Apeejay Surrendra Park Hotels said, “Zone Kolkata marks the entry of our social catalyst brand into the city and we are confident that ‘Zone by The Park’ will appeal to the growing millennial Indian and international travellers coming to Kolkata. This launch will strengthen the position of Apeejay Surrendra Park Hotels in West Bengal as this is the third hotel of the group after THE Park Kolkata and The Denmark Tavern in Serampore.”Vijay Dewan, managing director at Apeejay Surrendra Park Hotels, said the Zone brand - launched in 2013 - is envisioned to cater to the needs of design conscious, price-conscious guests. The group's Park Hotels are present in Bengaluru, New Delhi, Chennai, Hyderabad, and Kolkata with upcoming hotels in Mumbai and Indore. Chartered Accountant For consultng. Contact Us: http://bit.ly/bombay-ca

[hospitality-world-news]

Apeejay Surrendra Park Hotels announces expansion plans - ET HospitalityWorld

Apeejay Surrendra Park Hotels announces expansion plans – ET HospitalityWorld

Apeejay Surrendra Park Hotels Ltd (ASPHL) announced its expansion plans across its associated brands – THE Park Hotels, THE Park Collection, Zone by The Park and Flurys. The business in Q3 for THE Park saw a major bounce back with occupancy levels of 66% in October, 70% in November and as on date occupancy has moved up to 87%. With business and leisure travel gaining momentum, ASPHL continues to…