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Kamat Hotels

Business Description:
Kamat Hotels (India) Ltd. (KHIL), a company promoted by Mr. Vithal Kamat, is engaged in the business of hospitality and allied businesses, and its activities may be broadly categorized into (i) operation of hotels owned by the Company, (ii) management of hotels owned by other parties under contract (iii) catering services and (iv) timeshare. KHIL has firmly established four hotel brands viz. The Orchid ± An Ecotel Hotel in the 5-Star segment and VITS Luxury Business Hotel in the 4-Star segment, Gadh Hotels and Lotus Resorts. The focus of the Company is in positioning its hotels to the business segment in the upscale , full service category. In addition, the Company consciously follows the policy of environment conservation in the operation of its hotels in all aspects viz. design, construction and operations. This environment positioning gives a dual advantage to the Company in terms of marketing & visibility coupled with lower cost of operations.

Company Overview ± Kamat Hotels (India) Limited

The Group ± Kamats had a humble and modest beginning. A clear vision along with determination and hard work, have gone a long way in helping the Group achieve successful results and has laid the foundation of the most successful Restaurant Chain in India, which of course had gained a strong foothold in the hospitality Industry. The brand equity ³Kamats´ has also gone up substantially over the years and the name is synonymous with value for money and represents a philosophy of best quality of service at the most affordable prices. Former Chairman, Late Mr. Venkatesh Krishna Kamat who lay the foundation of what was to later become one of India¶s largest and most successful restaurant chain started its business with a small restaurant at Mazgaon. The group has been involved in some of the most innovative expansions and

Kamats Tours & Travels established. a Hill Resort. international restaurants. opposite Churchgate Station at Mumbai was the first Restaurant started. 1986. covering city and highway-side restaurants. In the same year. 1988 : The group built a Three Star Hotel with 32 rooms in first phase with provision for another 60 rooms at Silvassa. The success of Satkar Restaurant and increasing demand for fast-food prompted the group to launch Samrat Restaurant (*) at Churchgate in 1972 and a host of eateries and catering businesses in western India. 1995 : Inception of the Kamats Catering Institute at Goregaon. In September same year the Management of Kamats Plaza decided to upgrade and reopen the property as a Five Star Hotel. 1994 : The Group went public through an IPO. The group also purchased a Residential Hotel at Khandala. between Mumbai and Pune. Growth Pattern 1958 : Satkar Restaurant (*). a Union Territory. catering contrcts and hotels. It took over its first residential hotel in Vapi ± Shalimar Hotel. The Hotel was remodelled and a Family Club with discotheque µGo Bananas¶ was started. 1986 : The Company KAMAT HOTELS (INDIA) LIMITED was incorporated on 21st extensions. night clubs. Kamat Super Snacks was also started at Nana Chowk. 1990 : Plaza Hotel which was a four star Hotel in operation with 81 rooms situated near Domestic Airport was purchased. . about kms from Mumbai. Mumbai with 69 covers. (*) Not part of the KHIL Group now.

1997. abroad by opening two of its branches to begin with in San Francisco. An Ecotel Hotel. Aronda Backwaters. Nasik 2008 : Lotus Resorts launched and roll out across Goa. Asia¶s first Eco Friendly Five Star Hotel. Nagpur . . 2009 : Lotus Konark Commences operations. Also the First Heritage Hotel ³Fort Jadhav Gadh´ was opened. USA in the name of ³Vithal Kamat´ on Management Contract basis. 76 lakhs in 2000/01. was opened to Public on 27th September. Silvassa. further expansion is in the pipeline. Udaipur. 2010 : Lotus Karwar commences operations 2010 VITS Delhi & Bhubhaneshwar to commence operations 2010 Orchid Mumbai Expansion to commence operations 2010 Vithal Kamat. 2009 : Fort Mahodadhi commences 1st phase of operations. 2007 : Clear Water Capital Partners funding for the New Projects. Pune . 1997 : The Orchid. was taken over under a management contract for 35 years. Murud Dapoli Beach.1996 : Hotel Siddharth (Nasik) ± 32 rooms ± 3 star hotel with permit room & a turnover of Rs. Aurangabad . Honourable CMD wins PATWA award at Berlin for his achievements in Hospitality Industry. 2001 : The Company ventured. In the same year µVits Luxury Business Hotel at Mumbai¶ was opened. 2008 : VITS successfully rolls out across 5 major cities in India .

Symbiosis etc. . He was felicitated as the best CEO and received a special Indian Express Editors Choice Award for promoting ecotourism and supporting the healthy cause of environment.Future Plans : Having pioneered the Ecotel revolution in the country. not many would have predicted the phenomenal rise of this easygoing man. Mr. health club and staff training centre has already started contributing revenue to the Company. Mumbai which consists of air conditioned rooms of executive. Mr. Vithal V. With a 4th degree black belt in Karate. Vithal V. Vithal Kamat's journey has definitely been long and arduous. a young lad barely in his teens joined the family restaurant business. Projects: Expansion ³The Orchid Expansion´ Mumbai The Orchid expansion. a continental restaurant and 3 conference rooms / banquet hall and other facilities like spa. The man behind the vision: From a humble beginning as a small time restaurant owner to a Chairman and Managing Director. high premium bar. Vithal V. When thirty-five years back. Kamat is the President of the All India Karate Federation and also refereed many matches. deluxe and suite classes. His rustic charm along with his street-smart acumen and a drive to succeed has made him achieve what he has set out to and is a guiding force. Kamat y y y He is a visiting faculty of various catering colleges and management institutes like NMIMS. Mr. Kamat is all set to transform the hospitality industry in the country with his future projects and is eyeing international markets.

84% shares are to be transferred to the Company by 1st February. SUBSIDIARY B W HIGHWAY STAR PRIVATE LIMITED: COMPANY During the year under review. 4.16% share capital of the subsidiary company is presently registered in the name of Kamat Hotels (India) Ltd and as per the said Share Purchase Agreement. Board¶s Report and Auditor¶s Report of the subsidiary companies alongwith the holding company¶s Balance . B W Highway Star Private Limited has presently two operational hotels at Pune under the brand name µThe Orchid¶ and µVITS¶ besides restaurants and banquet halls. 2010. No.MANAGEMENT CONTRACTS The Company is having management contracts for managing hotel properties at Aurangabad. It is planned to further develop Fort Mahodadhi Palace project as heritage look and feel hotel in the Subsidiary Company. Profit and Loss account. 1956 in relation to attaching copy of the Balance Sheet.16% share capital of B W Highway Star Private Limited (subsidiary company) was transferred to Kamat Hotels (India) Ltd out of the 25% share capital of the subsidiary company agreed to be purchased by the Kamat Hotels (India) Ltd pursuant to the Share Purchase Agreement dated 8th February. 2011. The Ministry of Corporate Affairs has vide Circular No. 2011 granted general exemption from the provisions of Section 212 of the Companies Act. the remaining 20. these hotels have already started contributing revenue. 2013. Udaipur. 5/12/2007-CL-III dated 8th February. Karwar. Delhi and Pune. FORT MAHODADHI PALACE PRIVATE LIMITED: In the current year. Consequently. Fort Mahodadhi Palace Private Limited became a wholly owned subsidiary of the Company with effect from 30th April. 79.

Sheet. v . The annual accounts of the subsidiary company(ies) are open for inspection by the shareholders of the Company at its registered office of the Company and of the subsidiary company(ies). Pursuant to the said circular the annual accounts of the subsidiary company(ies) and the related details shall be available to shareholders of the Company seeking such information.