 | |
| Company type | Private |
|---|---|
| Industry | Hospitality industry |
| Founded | 1934; 91 years ago (1934) |
| Founder | Mohan Singh Oberoi |
| Headquarters | New Delhi,India |
Number of locations | 32 (2017) |
Area served | Worldwide |
Key people |
|
| Products | Hotels andresorts |
| Owner | East India Hotels Limited (32.1%) |
Number of employees | 13,000 (2017)[1] |
| Website | www |
The Oberoi Group is a luxury hotel group with its head office inNew Delhi,India.[2] Founded in 1934, the company owns and operates 32luxury hotels and tworiver cruise ships in 7 countries, primarily under its Oberoi Hotels & Resorts and Trident brands.[3] The group also operates The Oberoi Centre of Learning and Development, which is regarded as one ofAsia's top institutions for hospitality education.[4]
The foundations of The Oberoi Group date back to 1934 whenRai BahadurMohan Singh Oberoi, the founder of the group, bought two properties: the Maidens inDelhi and the Clarkes inShimla.[5]
In the following years Oberoi, assisted by his two sons, Tilak Raj Singh Oberoi andPrithvi Raj Singh Oberoi, continued the expansion of their group with properties both inIndia and abroad.[6]
On 26 November 2008,Trident Mumbai was attacked by 2 terrorists, Fahadullah and Abdul Rehman ofLashkar-e-Taiba organization as a part of the2008 Mumbai attacks. 32 staff and guests were killed during the three-day siege.[7]
The two major holding companies of The Oberoi Group are EIH Ltd and EIH Associated Hotels (formerly East India Hotels).[8] Arjun Singh Oberoi is the current chairman of The Oberoi Group, his brother, Vikramjit Singh Oberoi at the holding companies.
The Oberoi family is the majority shareholder in EIH Ltd with a 32.11% stake.[9] ConglomerateITC Limited owns approximately a 14.98% stake in EIH Ltd.[10] To ward off pressures from ITC Ltd. whose ownership stands precariously close to the automatic open offer trigger at 15%, the Oberoi family divested a 14.12% stake in EIH Ltd. toMukesh Ambani-ledReliance Industries Investment and Holding Pvt Ltd. The stake sale happened on 30 August 2010 for₹1,021crores valuing EIH Ltd. at an enterprise value of₹7,200 crores. Recently the stake of Reliance further raised from ITC and it stood at 20% overall for Reliance Industries.[11]
The company currently manages 32 hotels under the luxury brandOberoi Hotels & Resorts, with a further 10 five-star properties under theTrident Hotels brand. The group also operates the Clarkes Hotel in Shimla and theMaidens Hotel, Delhi. However, these two properties are not held under the Trident or under the Oberoi brand. The Clarkes Hotel, after remaining temporarily shut following its lawns caving in because of construction in the eco-sensitive vicinity, reopened on 16 September 2012.[12]
Media related toOberoi Hotels & Resorts at Wikimedia Commons
