The Indian Hotels Company Limited Appoints Anupam Narayan as an Additional Director of the Company
August 23, 2021 at 11:44 am
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The Indian Hotels Company Limited announced the appointment of Mr. Anupam Narayan as an Additional Director of the Company in an Independent capacity, not liable to retire by rotation, for a period of 5 years commencing from August 23, 2021 to August 22, 2026, subject To Approve the shareholders at the next general meeting. Date of appointment is August 23, 2021. Mr. Narayan has over 40 years of business experience and founded Rockwood Associates LLC in 2010. Since then he has provided strategic advice to clients in Peru, India, China, Thailand and the United States. In 2010, he was invited by the Governor of the State of Washington, USA to join her trade mission to China and Vietnam. He most recently served as President and Chief Executive Officer of Red Lion Hotels Corporation. Under his leadership, the company increased its focus on core business operations by divesting unrelated businesses, initiated a follow-on stock offering to raise equity, strengthened the balance sheet, improved its brand position and profitability, and increased investor awareness. From 1998-2004, he was with Best Western International. He served as Senior Vice President for Global Strategy and as the Acting Chief Executive Officer. There he had global responsibility for Strategy, Brand Management, Finance, Quality, Franchising, Partner Relationships and Communications. He was instrumental in Best Western's expansion in Asia and South America. Prior to 1998, for twelve years he was with a Kohlberg, Kravis and Roberts (KKR) hotel and real estate company and closed $4.0 billion of debt financings, completed two Initial Public Offerings which raised $0.3 billion, and was actively involved with real estate development, joint ventures, divestment, mergers and acquisitions and the capital markets. In 2003, he was nominated for Business Leader of the Year by the London based Hotel Reports publication. He has been a speaker at hotel industry and investment conferences worldwide and served on the Board of Directors for the International Hotel & Restaurant Association (IHRA) based in Paris, France. He has also served on the Governmental Affairs Committee of the American Hotel and Lodging Association and as Chairman, Swiss International Hotels (India). He currently serves on a number of Boards including Roots Corporation (A Tata Enterprise) in India. Mr. Narayan is a graduate of the Indian Institute of Technology (IIT), Kanpur, India and he received his MBA at the University of Florida, USA. He is based in New Delhi and Portland, USA.
The Indian Hotels Company Limited is an India-based hospitality company. The Company and its subsidiaries are primarily engaged in the business of owning, operating and managing hotels, palaces and resorts. Its portfolio comprises not only premium and luxury hotel brands, but also includes diverse F&B, wellness, salon, and lifestyle brands. The Company's brands include Taj, SeleQtions, Vivanta, Ginger, ama Stays & Trails, Taj Sats, Qmin, The Chambers, TajSATS, niu&nau, Khazana, Soulinaire, Loya, House of Nomad, F&B, Golden Dragon, and Seven Rivers, among others. Taj, the Company's flagship brand, has approximately 100 hotels in its portfolio with 81 in operation and 19 in the pipeline. Its Ginger brand has a portfolio of approximately 85 hotels across 50 locations, including 26 under development. The Company's culinary and food delivery platform is present in approximately 24 cities delivering via Qmin app and has an offline presence through Qmin Shops, Qmin QSR and Qmin food trucks.