Breaking Records: Taj Hotel Co’s Market Cap Hits INR 1 Lakh Crore

Taj Hotels Reaches New Heights

The travel boom following the pandemic has caused desi industry players to reach unprecedented valuation levels. Tata Group’s IHCL—which runs Taj Hotels—has become the first Indian hospitality company to attain a market cap of Rs 1 lakh crore. Oberoi Hotels is the second-most valued, worth roughly Rs 24,000 crore.

Last June, IndiGo, the largest airline in India based on domestic market share, accomplished a significant milestone, making history as the first Indian airline to do so. At present, IndiGo’s market capitalization exceeds INR 1.9 lakh crore.

“The actual potential of the Indian tourism sector, and specifically our hospitality sector, has yet to be realized. India is positioned to become one of the world’s leading destinations because of its emphasis on infrastructure development, particularly railroads, airports, and highways. The meetings, incentives, conferences, and exhibitions (MICE) industry will experience significant growth in the country.”, Puneet Chhatwal, MD & CEO of IHCL, said.

IHCL recently achieved the milestone of INR one lakh crore. The corporation is adding hotels all over India. IHCL, which operates under the four names Taj, SeleQtions, Vivanta, and Gateway, presently has 340 hotels in its portfolio, with 112 properties under development worldwide, spread across 130 locations in 13 countries.