Scheduleforming part of the Balance Sheet - Domain-b

The Indian Hotels Company Limited
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“Prego” at Taj Coromandel, Chennai, “Masala Club” at the Taj West End, Bangalore and The “Wasabi” restaurant at the
Taj Mahal, New Delhi.
The Company also entered into management contracts for several properties which will commence operation over the next few
years both in the domestic & international market. In the domestic sector the Company has signed Management Contracts for
hotels at Pune, Kolkata, Pondicherry and a Serviced Apartment at Pune. On the International front Management contracts are in
place for properties at YAS Island-Abu Dhabi, Ras Al Khaimah Saraya Islands-UAE, Doha in Qatar & Cape Town, South Africa. On
the Wild life safari lodges business, while two high end lodges are operational, two more lodges are slated to open shortly at Panna
and Kanha, thereby completing the first safari circuit in India.
During the year your Company invested in a Singapore subsidiary, BJETS Pte Limited which when operational will provide a range
of services including private , non-scheduled aviation services , fractional ownership programmes, acquisition and maintenance
of private jet fleet. BJETS intends to target high net worth individuals and MNC’s across India, Sri Lanka, Bangladesh, Pakistan,
Nepal and South-east Asian countries.
Your Company along with Tata Realty and Infrastructure Limited successfully bid for setting up an IT SEZ in Chennai which will
apart from creation of IT space will include setting up of a 5 Star Hotel, Service Apartments and Convention centre which will be
managed by your Company.
Ginger Hotels
Under the ‘Ginger’ brand your Company’s subsidiary commenced operations of four new 100 rooms hotels at Nashik, Agartala,
Pondicherry and Baroda. Under this brand currently there are 12 operational hotels at Bangalore, Haridwar, Bhubaneshwar,
Mysore, Trivandrum, Pune, Durgapur, Nashik, Agartala, Pondicherry, Baroda & Pantnagar. In addition several projects are at
various stages of construction at New Delhi, Ludhiana, Goa, Mangalore, Ahmedabad, & Guwahati. In addition, to expand the
market of “Ginger Hotels”, we have signed up management contracts for hotels in Jaipur, Katra, Lucknow and Tirupur.
The focus during the year was to commission a new ERP system, SAP – Simhotels across all properties. We undertook Mystery
audits, Brand Health Track, Customer Feed back to identify gap areas and improve the operational efficiency of the hotels. Café
Coffee Day outlets were opened at 8 locations and a Landmark book and gifts store is being evaluated at Pondicherry. An
advertising campaign with coverage in magazines, TV, internet and outdoor media was launched.
Wildlife Lodges
Your Company’s Joint Venture operates two lodges viz. Mahua Kothi at Bandhavgarh and Baghvan Pench, both in Madhya
Pradesh and is now gearing up to open two new lodges at Panna and Kanha by October 2008 thereby completing the first safari
circuit in India.
Serviced Apartments
Your Company recognizes that Serviced Apartments / Apartment Hotels is emerging as an important segment in the hospitality
business. Various options are being evaluated to enable your Company to have a significant presence in this segment of the
hospitality areas.
Spas
The philosophy of our spas is rooted inherently in India’s ancient approach to wellness. The ethos of our carefully recreated
treatments is drawn on the rich and ancient wellness heritage of India; the fabled lifestyle and culture of Indian royalty and the
healing therapies that embrace Indian spirituality. Taj Spa is an eco-sensitive brand hence all spa products are natural and contain
Indian herbs, pure essential oils, lipids, clays, mud, salts and flower waters all of a botanical source. Taj Spa uses organic linen and
eco-friendly toxin-free pottery.
In the year 2007 – 08, two new Taj Spas were launched - at Rambagh Palace, Jaipur in April 2007 and at Taj Tashi, Thimphu, Bhutan
in February 2008. Set in luxurious tents, Taj Spa at Rambagh Palace, Jaipur, recreates the authentic grandeur synonymous with
royal India’s exquisite Rajput palaces, beautiful Mughal encampments, water gardens, and fabled lifestyle. The spa was featured
under the World’s Top Spas in the Tatler Body and Soul Guide 2007, UK. Drawing on the rich and ancient wellness traditions of