The Oberoi Group is a hotel company with its head office in Delhi. Founded in 1934, the company owns and/or operates 30+ luxury hotels and two river cruise ships in six countries, primarily under its Oberoi Hotels & Resorts and Trident Hotels brands.
Video The Oberoi Group
History
The foundations of the Oberoi Group dates back to 1934 when Rai Bahadur Mohan Singh Oberoi, the founder of the group, bought two properties: the Clarke's in Delhi and the Clarke's in Shimla. In the following years Mr. Oberoi, assisted by his two sons, Tilak Raj Singh Oberoi and Prithvi Raj Singh Oberoi (P.R.S. Oberoi), continued the expansion of their group with properties both in India and abroad.
November 2008 terrorist attack
On 26 November 2008 two hotels in Mumbai (The Oberoi, Mumbai & Taj Mahal Palace, Mumbai) were taken over by terrorist organizations as a part of the 2008 Mumbai attacks. 32 staff and guests were killed during the 3-day siege.
Maps The Oberoi Group
Ownership
The two major holding companies of The Oberoi Group are EIH Ltd and EIH Associated Hotels (formerly East India Hotels). P.R.S. Oberoi is the current chairman of The Oberoi Group. His son, Vikram Oberoi, and his nephew, Arjun Oberoi, serve in the capacities of the Joint Managing Directors at the holding companies.
The Oberoi Family is the majority shareholder in EIH Ltd with 32.11% stake. Cigarettes to Hotels conglomerate, ITC Limited owns approximately 14.98% stake in EIH Ltd. To ward off pressures from ITC Ltd. whose ownership stands precariously close to the automatic open offer trigger at 15%, the Oberoi family divested 14.12% stake in EIH Ltd. to Mukesh Ambani led Reliance Industries Investment and Holding Pvt Ltd. The stake sale happened on August 30, 2010 for Rs. 1,021 crores valuing EIH Ltd. at an enterprise value of Rs. 7,200 crores. Recently the stake of reliance further raised from ITC and it stood at 20% overall for Reliance industries.
Hotels
The company currently manages hotels under the luxury Oberoi Hotels & Resorts brand, with a further 10 five-star properties under the Trident Hotels brand. The Group also operates the Clarke's in Shimla and the Maidens Hotel, Delhi. These two properties however are not held under the Trident or under the Oberoi brand. The Clarke's, after remaining temporarily shut following its lawns caving in because of construction in the eco-sensitive vicinity, reopened on September 16, 2012.
List of hotels
Gallery
See also
- Oberoi family
References
Further reading
External links
- Oberoi Hotels website
- Trident Hotels website
- EIH website
Source of the article : Wikipedia
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