Kamat's is now a large hospitality Group with interests in Luxury
Hotels, Budget Hotels & Restaurants, Family Leisure & Sports Clubs,
Travel Business, Catering & Educational Institutions, Departmental
Stores and of course Restaurants.
Kamat Hotels (India) Limited was incorporated on 21st March, 1986 in
the State of Maharashtra by Late Mr. Venkatesh Krishna Kamat and his
associates with the main object of setting up and running of hotels
and related business. The Company obtained the Certificate of
Commencement of Business on 31st March, 1986.
The Flagship of the Company - KAMAT HOTELS (INDIA) LIMITED is a
Public Listed Company and the group flagship hotel of the company
viz., THE KAMAT PLAZA, a four star hotel near the Santacruz Airport
was taken by the Company - KAMAT HOTELS (INDIA) LIMITED pursuant to
the Management Contract with Plaza Hotels Private Limited for a
period of 30 years with effect from 1st April, 1994.
In the year 1994, the company achieved good results ; reasons being
the rising demand for suitable accommodation in the City of Mumbai
due to economic globalization and at the same time a boom in the real
estate market with acute shortage of hotel rooms in the city of
Hence, the then Management of the Kamat Plaza Hotel undertook to
expand the project immediately after its Public Issue during the
year. . Under their able guidance and after having done a detailed
market study/ survey along with a feasibility report, decided to
upgrade the Project to a Five Star Property and hired the services of
Mr. D. M. Upasni , an Architect of repute and an International
Designer - Lynn Wilson from USA, ( who is ranked among the top 10 in
the world ) to design the hotel interiors, keeping in mind the needs
of a Business Traveler along with his luxury and comforts, comparable
to international standards.
Marketing being an important aspect of the Hospitality Industry,
positioning of the property is an important aspect too. Unto us was
born a brand, unknown so far in the continent of Asia - a green hotel
- environmentally sensitive - right from brick to paper and taking
care of every little guest need at the same time - In our efforts to
position this brand, it was proved that 87% of international
travelers do patronize green hotels. Thus awakened the need to tie up
with an International Firm- HVS ECO SERVICES of - HVS INTERNATIONAL,
NEW YORK who were hired to undertake - specific environmental
programmes, designed to lower operating costs and increase revenues
and evaluate the hotel's environmental performance in various areas.
Needless to say - THE ORCHID, as it is aptly renamed, was awarded the
prestigious 'ECOTEL' Certification' by HVS ECO SERVICES, USA, which is
the hall mark of environmentally sensitive hotels. The Hotel thus
becomes the first hotel in Asia to obtain the coveted certification.
The Orchid has employed a high powered team of professionals from the
Industry and it opened its doors to Public on World Tourism Day - 27th
September, 1997. It has been well received both in the domestic and
international market and enjoys a near 82.7% occupancy in the year
2000-2001 having well appointed rooms and suites with luxurious 5
In the year 1994, The Company made its Initial Public Issue of Equity
Shares aggregating to Rs.3060 lakhs and Non-Convertible Debentures
(NCD's) aggregating to Rs.550 lakhs. The Equity Share of Rs.10/- was
issued at a premium of Rs.50/-. The NCD of Rs.100/- had a coupon rate
of 14%. The NCD Issue of the Company was rated A- by CRISIL. The above
rating was retained by CRISIL till the NCDs were redeemed on
The above mentioned issue opened on 17th October, 1994 and closed on
21st October, 1994 was oversubscribed by 3.65 times. The Company
shares are listed on stock exchanges at Mumbai, National Stock
Exchange and at the Chennai. The Company has declared dividend for
the last financial years as under:
Financial Year Dividend (%)
1998 (18 months) 12
2000(15 months 8
2001(12 months 8
2002 (12 months) 5
2003 (12 months) Nil
2004 (12 months) 6
2005 (Interim Dividend) 10
Kamats Tours & Travels established in July 1995 - engaged in
Marketing of Destination and Package Tours & GSA for amusement parks.
It has a turnover of Rs. 152 lakhs in the year 2000/01.
Kamats Institute Hotel Management, Catering Technology & Food
Research Centre established in July 1995 - offering certificate
courses in the field of Catering and Hospitality achieved a turnover
of Rs.35.38 lakhs in 2004/05. It shortly proposes to offer 3 year
diploma courses in Hotel Management and Catering Technology.
Kamats Restaurant at Esselworld - India's and Mumbai's famous
Amusement Park taken - under Business Contract Agreement with Pan
India Paryatan Ltd for 7 years achieved a turnover of Rs. 93.50 lakhs
during 2004/ 05
Gulal/Chinese Pavilion at FantasyLand under Business Contract
Agreement with Madhu Fantasy Land Pvt. Ltd. for 5 years achieved a
turnover of Rs.0.76 lakhs for 2004/05.
Kamats Siddharth at Nashik- 32 rooms - 3 Star Hotel with permit room
and turnover of Rs.110.10 lakhs, during 2004/05 is under Business
Contract Agreement for 35 years with effect from July 1996.
Kamats Development - A Construction Company to take up future
construction in the Group.
Kamats Catering - for Events and Large gathering catering.
The Orchid - Asia's first Eco Friendly Five Star Hotel was partially
opened to public on World Tourism Day - 27th September 1997, is
operational with 221 rooms and 12 suites.
The Hotel has been awarded the prestigious 'Green Globe Award' for
the year 1998 by World Travel Mart in London. It has recorded a
turnover of Rs. 5594.77 lakhs during the year ended March 2001.
With the dawn of the new millennium, the Landmark of Mumbai THE
ORCHID Asia's First Five Star Ecotel, commissioned in 1997 amidst
much aplomb and recipient of many awards, has once again earned pride
of place and was honored with the IH&RA Green Hotelier and
Restaurateur Award, signifying and reinforcing man's determination to
maintain a peaceful co-existence with environment and nature, by the
need to give as much as it receives from her bountiful generosity.
Backed by an enthusiastic, motivated and experienced Management whose
total commitment is Human Resource Development, it also boasts of the
latest technology, which is environment friendly. The Orchid's
environment friendly route is definitely carving out a significant
and special niche for us not only at a national level but
international as well.
The HVS has also designated the Orchid Hotel as an Industry Pioneer
and will hold the torch to other organizations as well.
While the world races towards rapid development, and the Earth is
being depleted of its natural resources by the second, Asia's First
Five Star Ecotel, The Orchid, continues its magnificent job of trying
to save the Environment. Recognition Awards are normally nominated by
the Green Globe Industries Associates for the members of their own
organizations whom they feel have made significant contribution
towards saving the environment.
The continued dedication and invaluable assistance rendered by The
Orchid Team members caught the attention of the International Hotel
and Restaurant Association, who thus nominated The Orchid for the
Green Globe Achievement Award 2000 - RECOGNITION AWARD. On 15th March
2000, at a grand ceremony held during the ITB , in Berlin, Mr. Bob
Collier, Chairman of Green Globe presented the prestigious GREEN
GLOBE ACHIEVEMENT AWARD 2000- RECOGNITION AWARD to Mr. Vithal Kamat,
Chairman & Managing Director and Mr. Param Kannampilly, Technical
Director on behalf of The Orchid. From International to National
The Orchid again became a resounding success when it bagged the Dr.
M.S. Swaminathan Award for Environmental Protection. The award
instituted by the Rotary Club of Madras East and Earthcare Group was
presented to our Technical Director , Mr. K.P. Kannampilly on 7th
August 2000 , but none other than Dr. M.S. Swaminathan himself.
The Environment Champion of the Year 1999-2000 amongst Large Hotels,
from the Federation of Hotel & Restaurant Association of India (
F.H.R.A.I) was accorded to The Orchid at a glittering function held
on 14th October, 2000. Chairman & Managing Director Mr. Vithal Kamat
collected the award on behalf of The Orchid.
Hotel & Catering International Management Association (HCIMA)- London
The Environment Policy Award 2000 to The Orchid .Our Technical
Director , Mr. K.P. Kannampilly received the award on 11th October
2000 in London.
World Travel Market Environmental Company Award 2000 was awarded on
15th November 2000, in London .
The Orchid was Re-certified as Five Globe Ecotel- one of the only
Five such Hotels in the World, on December 6, 2000
Following prestigious Awards have been won by The Orchid for the year
An International Certification from HVS ECO Services being awarded a
5 Globe ECOTEL rating in May 1997 and once again being re-certified as
5 Globe ECOTEL in December 2000.
Federation of Hotel and Restaurant Association of India (FHRAI)
Environment Champion of the year - for large hotels.
Hotel & Catering International Management Association (HCIMA) Best
Environment Policy 2000.
Regional Directors Tourism Award 2000.- Western & Central India-
awarded to Shri Vithal V. Kamat towards his contribution to the
National Tourism Award for best 5 star Hotel Western Region - January
PATA Gold Award given by PATA, Malaysia for best Corporate
Environment Programme 2001- April, 2001.
ISO 14001 Certification 2001 - 24th May, 2001.
Rotary Club of Mumbai North Island awarded to Shri Vithal V Kamat
for his concern towards environment protection and providing the 1st
eco-friendly 5 star Hotel in Asia to the city of Mumbai.
British Airways Tourism for tomorrow Awards- Large Scale Tourism
Paryavaran Shree Puraskar 2001-2002
International Hotel & Restaurant Association Environmental Award 2001
4 PATA (Pacific Asia Travel Association India chapter -Environmental
Award for 2001 on the Hotel Excellence category.
-Kamat Hotels (I) Ltd has appointed Mr. Mahesh Kandoi Company
Secretary and Compliance Officer of the Company with effect from 2nd
-Kamat Hotels (I) Ltd has appointed Mr. Kurian Chandy as Chief
Financial Officer (CFO) of the Company with effect from September 01,
- Increased its shareholding to 26% from 17% in its joint venture
company BW Highway Star by purchasing 1058824 shares out of the total
paid up capital of the company.
- The Company has successfully negotiated and completed the
transaction for sale of its entire stake in Concept Hospitality Ltd
in an all cash deal. This deal will improve the cash flow of the
- Increased its holding in BW Highway Star Pvt. Ltd. It has increased
its pre-existing holding of 26% of the equity share capital to 75%, by
acquiring additional 49% of the equity shares of the total capital of
BW Highway Star Pvt.
- The Company has agreed to purchase 29,41,176 Equity Shares of Rs.
10/- each constituting 25% paid up Equity Share Capital of B W
Highway Star Private Limited, a subsidiary of the Company.
- Company has been awarded the Good Green Governance Award by Srishti
Publications Earth Day in New Delhi.