# Mahindra Holidays and Resorts India Ltd

Mahindra Holidays and Resorts India Ltd is an other based in Mumbai, India.

## Overview

- **Organization type:** other
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, Maharashtra, India
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** www.mahindraholidays.com
- **LinkedIn:** https://www.linkedin.com/company/mahindra-holidays-&-resorts-india-ltd

## Regulatory record

- **Reports private funds:** No

## About

Mahindra Holidays and Resorts India Ltd was founded in 1996 as a subsidiary of the Mahindra Group, the Indian conglomerate with interests from automobiles to agriculture. The company operates under the Club Mahindra brand, selling memberships that grant access to a network of resorts across India, Southeast Asia, and select international destinations. Its business model centers on vacation-ownership (timeshare) with a focus on family leisure travel. Members pay an upfront fee plus annual dues for access to properties that include hill stations, beachfront resorts, and wildlife lodges. The company has expanded into mid-market hotels under the Mahindra Homestays label and runs a loyalty program. It aims to reach 300,000 members, up from about 250,000 as of 2023 (per company filings, 2023). Mahindra Holidays employs roughly 4,500 people and operates from headquarters in Mumbai with a registered office in Bangalore. In March 2024, the company announced plans to develop 30 new resorts over five years, investing approximately INR 2,500 crore (about $300M), funded through internal accruals and debt (per company press release, March 2024). The Mahindra Group holds a controlling stake, with public shareholders owning the balance. The structural differentiator is its parentage: Mahindra Holidays benefits from the Mahindra Group's land bank, brand recognition, and access to capital, allowing it to acquire prime real estate at below-market costs. It also operates a unique member-to-member referral system that generates nearly 40% of new sales, reducing customer acquisition cost relative to standalone hospitality chains.

## Sectors

- Hospitality
- Real Estate
- Leisure

## Offices

- Bangalore, India

## People

- Kavinder Singh — Managing Director & CEO
- Anil HarAdarsh — Chief Financial Officer

## Questions

### What investment stages does Mahindra Holidays typically target?

It invests primarily in real estate development for its own resort network, focusing on greenfield and brownfield projects. It does not act as a third-party capital allocator. Deployment is in land acquisition, construction, and refurbishment of existing properties.

### Which sectors does Mahindra Holidays explicitly avoid?

The company does not publish an avoidance list, but its entire portfolio is in leisure hospitality. It has no exposure to commercial real estate, infrastructure, or financial assets. All capital is deployed in vacation-ownership properties.

### Does Mahindra Holidays participate in direct deals or only operate its own resorts?

It operates and develops its own resorts exclusively. It does not co-invest with external GPs or participate in private-equity-style fund structures. Its activity is operational, not allocator-style.

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Last updated: 2026-06-03T20:00:00.000Z

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