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Taj GVK Hotels & Resorts Ltd. Company History and Annual Growth Details

TAJGVK Hotels & Resorts Limited (TAJGVK) is a joint venture, formed through a Strategic Alliance, between Hyderabad Based GVK Group and the Indian Hotels Company Limited (IHCL) in the year 1999. GVK Group is a Hyderabad based multi product and multi-location business conglomerate with several integrated companies in India and abroad. IHCL is a TATA enterprise with a chain of hotels owning the Taj Group of Hotels and manages and operates various hotels across the country and abroad. The Company owns & operates three five star hotels in Hyderabad and one five star hotel each in the cities of Chennai, Chandigarh and one 5 star luxury hotel at Mumbai through joint venture company i.e Green Woods Palaces and Resorts Pvt Ltd.

2001

- The Company has issued 1,25,39,599 No. of equity shares to the shareholders of Novopan Industries Ltd and Hotel Sree Krishna Ltd.

2003
- Taj Hotels reopens Grand Ballroom with modern facilities following the revonation of the Taj Krishna hotel, Taj Hotels, Resorts and Palaces has re-opened the `Grand Ballroom' after spending around Rs 6 crore.

2004

-Taj Krishna joins elite hotels list

2005

-African co joins hands with Taj hotels

-SriLankan Airlines ties up with Taj Hotels

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2009

- Taj Gvk Hotels & Resorts Limited has appointed Mr. Krishnaram Bhupal and Mr. M B N Rao as additional Directors on the Board of Directors of the Company with effect From October 24, 2009.

2010

-Taj unveils new brand in Sri Lanka

-Taj Gvk Hotels has recommended a dividend of Rs. 2/- per share of face value Rs. 2/- each

2011

-Taj Gvk Hotels launched its website www.tajgvk.in

-Taj Gvk Hotels has recommended a dividend of Rs. 2/- per share of face value Rs. 2/- each

2012

-Ch G. Krishna Murthy has been appointed as an additional director of the Company.

-Taj Gvk Hotels has recommended a dividend of Rs. 1.50 per share of face of Rs. 2/- each

2013

-Taj Gvk Hotels & Resorts Ltd has recommended a dividend of Rs. 0.50 per share of face of Rs. 2/- each
-Taj GVK Hotels & Resorts Ltd has informed that Mr. J Srinivasa Murthy, General Manager- Finance & Company Secretary would be a Compliance officer of the Company.

2014

-Taj Gvk Hotels & Resorts Ltd has recommended a dividend of Rs. 0.20/- per share of face of Rs. 2/- each.

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