1981 - The Company was incorporated on 22nd January, at New Delhi.
object is to set up & operate hotels. The company was
by Delhi Automobiles (P) Ltd. & Suri Group.
- The Company undertook to set up 5-star Super Downtown hotel
Shopping Cum Commercial Complex at Connaught Place on
- The hotel was to incorporate 24 hour coffee shop, lobby bar,
party rooms, banquet hall, Indian, Chinese, Japanese and
Continental restaurants etc. Also, a `Holiday Inn Connaught
Plaza', in New Delhi, was incorporated with glass capsule
elevators to provide view of the lobby atrium as well as
1984 - 19,97,010 shares issued at par out of which 9,00,000 shares
reserved for preferential allotment to NRIs with repatriation
rights. (Only 3,74,650 shares taken up). The balance
shares, along with 5,25,350 shares not taken up by NRIs were
offered to the public in August 1984.
1990 - 1,17,500 shares forfeited. These were later reissued at par.
1991 - 30,00,000 shares issued at par as rights in prop. 1:3.
1,50,000 shares offered at par to employees/workers of the
company. Additional 3,33,334 shares to shareholders and
shares to employees allotted to retain over subscription.
1994 - The New Business Centre located in the Hotel Lobby was
- The Hotel undertook to complete the first phase of renovating
hotel by refurbishing over 170 room in 7 floors that include
executive floors of the hotel, renovate the rendezvous, the
hour restaurant. In the second phase other restaurants of
hotel and the balance rooms & suites were to be taken up.
- The Company terminated the licence agreement and the Trade
Users Agreement with Holiday Inn Inc., and Bagg International
Holdings NV respectively.
- Malbros Hotels Ltd. became a subsidiary of the Hotel. The
Company amalgamated Malbros Hotel Ltd. with itself. As per
amalgamation, Bharat Hotels Ltd. issued 15,00,000 No. of
shares of Rs 10 each to be paid to the shareholders of
Malbros Hotels Ltd.
1995 - Executive suites were taken up for refurbishing. Also,
of public areas and facilities such as health club, beauty
parlour, swimming pool etc. were taken up.
- The Company entered into a franchise marketing agreement with
Holiday Inn Inc., U.S.A. hotel chain, valid for a period of
years from the date of formal opening of the hotel.
- The Hotel entered into a Cooperation Agreement and other
agreements with Hilton International Company, USA.
1996 - The Company issued 13,00,000 GDRs of US each representing
26,00,000 underlying No. of equity shares of Rs 10 each. One
represents 2 No. of equity shares. 55,33,333 bonus equity
issued in prop. 1:3.
- The Company proposed to issue secured non-convertible
to the tune of Rs 20 crores by way of private placement with
certain non-resident Indians, on repatriation basis, directly
and/or with their companies and associates abroad.
approval was received.
2000 - Bharat Hotel one of the oldest vegetarian hotels in the city,
has set up a
new hotel project BTH Sarovaram -- on the bypass road
here, adjoining the
-Signed MoU with Gujarat Government to set up retreat and amusement
park at Surat with an investment of Rs 260 crore.
-Bekal Resorts Development Corporation (BRDC), which is responsible
for developing Bekal in Kerala's Kasargod district as a tourist
destination, has entered into licence agreements with Bharat Hotels
for developing area's resort sites