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TGB Banquets and Hotels Ltd. Company History and Annual Growth Details

The Company was incorporated in Ahmedabad on 1st November, 1999
as a private limited Company under the name and style of Bhagwati
Banquets Pvt Ltd having its registered Office at 73, white House,
Panchvati, Ellisbridge, C.G Road, Ahmedabad-380006. The Company
was subsequently converted to public ltd Company and the name of the
Company was changed to Bhagwati Banquets And Hotels Ltd. The
Company obtained the fresh certificate of incorporation consequent to
conversion and name change on 13/04/2000. The registered office of the
Company was changed from 73, white House, Panchvati, Ellisbridge,
C.G Road, Ahmedabad-380006 to the present address of the Company
with effect from 17/10/2005.

The group's first venture was a genuine "Delhi chat" outlet at Ahmedabad
in 1990. The TGB Group diversified into outdoor catering in the mid nineties
and met with instant success on account of their mouth watering
preparations in Punjabi and Chinese cuisine which became popular with
the non-Gujarati clientele of Surat and Ahmedabad. With a view to cope up
with the increased business which involved organizing catering at 5 to 6
locations simultaneously both at Ahmedabad and other towns like Baroda,
Surat, Bhavnagar, Rajkot etc. and streamlining the operations, Bhagwati
established a centralized kitchen (food factory) in 1998 at Changodar, about
15 kms from Ahmedabad city. This revolutionary concept was brought under
the banner of Bhagwati Caterers Pvt Ltd which was incorporated on 03/10/1997.

The outdoor catering success led to a pioneering venture in indoor catering. The
TGB group opened a hotel at Ahmedabad namely "The Grand Bhagwati", a three
star deluxe hotel located at the Sarkhej Gandhinagar Highway which started its
operations from June 2002 under the flagship of the Issuer Company BBHL.
While there are 37 rooms, a restaurant and a coffee shop, its core competency
and facility is banqueting. It possesses three banquet halls which can hold 5400
persons on two shift basis, all in air-conditioned comfort. It has a large lounge
and a captive, easy parking facility to match the size of its banquet facility.

Major events

Year Activities

1999 The company was incorporated under the name "Bhagwati Banquets (P) Ltd"

2000 Company was converted from private to public limited company and name of the
company was changed to "Bhagwati Banquets And Hotels Limited".

2002 The operations at unit "The Grand Bhagwati" commenced

2003 ISO Certification from KPMG

2005 i) Company took over the business M/s Bhagwati International, a partnership firm.
Bhagwati International was engaged in the business of running restaurants and food
court.

ii) Company took over the entire business of M/s TGB Resorts Karnavati, a partnership
firm. M/s. TGB Resorts Karnavati was engaged in the business of maintaining rooms
& restaurants at Karnavati Club Ltd

iii) Company has also took over the Assets and entire business of outdoor catering of
Bhagwati Caterers Private Limited.

2005 "The Grand Bhagwati' was accredited with three star certification by HRACC Govt of
India

2006 Company purchased the 100% Equity Shares of M/s Lov Kush Properties Pvt. Ltd
making it wholly owned subsidiary of the company

2007

-Listing of equity shares of Bhagwati Banquets & Hotels Ltd

-Bhagwati Banquets launches its Catering Services in Mumbai

-Bhagwati Banquets & Hotels was a recipient of "The Most Promising Small Enterprise of the Year" 2006 at Emerging India Awards 2006 By CNBCTV18.

-Bhagwati Banquets Launches its "TGB Club" offering Premier Membership in city of Surat, Gujarat.

2008

-Bhagwati Banquets has recommended a dividend @ 10% i.e. Re. 1/- per Equity Shares of Rs. 10/- each

2009

-Bhagwati Banquets & Hotels has made its first debut in Rajasthan with the launch of "TGB World Cuisine Restaurant and Banquets"

-Bhagwati Banquets announces opening of "The Grand Bhagwati Seasons" Hotel at Rajkot.

2010

-Bhagwati Banquets has recommended dividend @ 10% i.e. Rs. 1 per equity share.

2011

-Bhagwati Banquets recommended a dividend of Rs. 1/- per equity share (@ 10%)

2012

-Bhagwati Banquets has awarded the Certificate of Excellence for the year 2012 by Tripadvisor

2013
-TGB Banquets and Hotels Ltd. and the trading symbol of the Company be changed from BHAGWATIHO to TGBHOTELS.
-The Company has changed its name from Bhagwati Banquets & Hotels Ltd. to TGB Banquets and Hotels Ltd.

2014
-TGB Banquets and Hotels has appointed Ms. Anjali Tolani as Additional Director.

2015
-Cafe Piano has won The Times Food Awards under the BEST ALL DAY DINING CATEGORY in 2015.

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