Leading hotel and restaurant companies in India 2022, by market capitalization
Hotel chains as parts of conglomeratesThe ranking of the most valuable hotel companies in India reveals most were part of big conglomerates. The IHCL, known for its Taj hotels, is a subsidiary of the Tata Group. The iconic Taj Mahal Palace hotel in Mumbai was founded in 1903 by Jamsetji Tata, who had initiated the Tata Group three decades earlier.
Not far away from the Taj hotel is the Trident Oberoi located in Mumbai. It is the flagship hotel of EIH, part of the Oberoi Group, a real estate conglomerate. Others present in the hotel industry included ITC Limited, formerly known as the Indian Tobacco Company, and the Mahindra Group.