• Share Price
  • NSE: EIHOTEL ₹93.00
  • |
  • BSE: EIH Limited ₹92.80
  • 29 Jan 2021 15:30

The EIH History & Heritage



EIH Limited goes public

EIH Limited was incorporated by as a public limited company in May, 1949



Equity shares listed

• Equity shares of the Company were first listed on the Bombay Stock Exchange
• Took the Maharaja’s palace in Srinagar, Kashmir on lease and converted it into the Oberoi Palace Hotel


Started flight services



Commenced operations at The Oberoi Hotel, New Delhi


Growing through mergers and acquisitions

By a scheme of merger approved by the Calcutta High Court, Associated Hotels of India Limited and Hotels (1938) Private Limited merged into EIH Limited. By virtue of the merger, the Company acquired The Oberoi Grand, Kolkata; Maidens Hotel, New Delhi; and The Oberoi Cecil, Shimla



Commenced operations at The Oberoi Towers, Mumbai


Established a printing press in New Delhi, primarily for the company’s in-house needs



Partnered with IAAI

Entered into a 10-year contract with the International Airports Authority of India (IAAI) to operate all snack bars and restaurants at the domestic and international terminals in Mumbai



Listing of GDRs on the London stock exchange


Promoting Wildflower Hall, An Oberoi Resort

Joint venture with the Government of Himachal Pradesh to promote Mashobra Resort Ltd. Shimla (Wildflower Hall, An Oberoi Resort). EIH’s holding is 78.79%


Change of company name from East India Hotels Limited to EIH Limited


On a path of continuous growth

• Commenced operations at The Oberoi Rajvilas in Jaipur, our first luxury leisure resort in India

• Joint venture with Goyals and Bhasins to promote Mumtaz Hotels Ltd. (The Oberoi Amarvilas, Agra) in which EIH holds 60% and Goyals and Bhasins hold 40% between them



Trident, Gurgaon (managed property) opened


Diversified into other businesses

• Acquired 66.67% equity stake in Mercury Car Rentals Limited, a joint venture with AVIS Europe
• The printing press established by the Company in 1974 was granted permission by the Indian Banks’ Association to print security stationery for banks


Staying resilient

• Established EIH Flight Services Limited, Mauritius as a wholly owned subsidiary of the Company
• Terrorist attack at Trident, Nariman Point and The Oberoi, Mumbai in November, 2008 resulted in the temporary closure of both hotels
• Trident, Nariman Point reopened on December 21, 2008


Expanding into more geographies

• Trident, Bandra Kurla, Mumbai commenced operations
• Entered into a joint venture agreement with 16% equity interest in Golden Jubilee Hotels Limited for a proposed Trident hotel in Hyderabad



Reopening of The Oberoi, Mumbai

The Oberoi, Mumbai reopens after a full renovation and increased security measures EIH International Limited, a wholly owned subsidiary of the Company, completed an acquisition of 46% equity interest in its international hotels joint venture company EIH Holdings Limited. Pursuant to this acquisition, EIH Holdings Limited is now a wholly owned subsidiary of EIH International Limited


The Oberoi, Gurgaon (managed property) opened


Entering the flight catering business

Renovations and new constructions of industrial kitchens for flight catering operations in New Delhi, with a capacity to cater up to 18,000 meals per day


Trident, Hyderabad began operations


Flight catering in Kolkata

New flight catering facility started in Kolkata, with the state-of-the-art equipment to maintain international hygiene standards and cater up to 3,500 meals per day


The Oberoi Sukhvilas Spa Resort, New Chandigarh (a managed property) opened


Global depository receipts were delisted from the London stock exchange


• The Oberoi, New Delhi, an iconic Delhi property, reopened in January, ahead of schedule, following major renovations directed by designer Adam. D. Tihany
• EIH sold its entire equity holding of 25.10% in Mercury Travels Ltd. to Ebix, USA. Mercury Travels Ltd. ceased to be an associate of EIH
• EIH invested 25.10% shares in U Smart Education Ltd., a wholly owned subsidiary of Mercury Travels Ltd., as part of sale of shares in Mercury Travels Ltd.


EIH rights issues over-subscribed, receives INR 561 crore offer