Club Mahindra
About the Company
Mahindra Group is an Indian multinational conglomerate, headquartered in Mumbai. The group has operations in over 100 countries, with a presence in aerospace, agribusiness, aftermarket automotive components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail and education. [3] The group’s flagship company Mahindra & Mahindra has market leadership in utility vehicles[4] as well as tractors in India.
Club Mahindra is an Indian hospitality company founded in 1996. It is a part of the Mahindra Group and provides family holidays on a membership basis for over a period of 25/10 years.[3]
Club Mahindra Resorts
Club Mahindra resort in Munnar
Club Mahindra operates over 110 resorts in India and overseas destinations and is affiliated with over 4,500 RCI resorts. It is the world’s largest vacation ownership brand outside the United States (US).[4]
Acquisitions
In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.[5]
In June 2014, the company acquired Finland-based Holiday Club Resorts for ₹ 600 crore.[6]
In 2015, MHRIL increased its stake in Holiday Club Resorts Oy to 88 percent.
In 2016, MHRIL signed a pact to buy 12 percent stake in Nreach Online Services.[7]
In 2017, MHRIL increased its stake in Finland’s Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.[8]
In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.[9]
In 2018, Suha Travel & Tours W.L.L[10] Became The Official Distribution Partner In The Kingdom Of Bahrain
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