The Ambuja Neotia Group, a Kolkata-based conglomerate spanning real estate and hospitality, is preparing for a potential listing of its hospitality arm by FY27. This development follows an ongoing consolidation of its hotel and hospitality assets into a single entity.
Chairman Harshavardhan Neotia stated that the restructuring process, involving mergers, acquisitions, and divestments, is expected to conclude by March 2026. “Once the structure is finalized, we will assess market conditions to decide between raising private equity or proceeding with a public issue,” Neotia noted.
Currently, the group’s hospitality segment accounts for 25% of its estimated ₹2,000 crore turnover for FY25. Its portfolio includes three self-operated hotels and 10 third-party-managed properties, primarily under the Taj Group, located in Kolkata, Siliguri, Patna, Darjeeling, and Gangtok.
Ambuja Neotia has a joint venture with Indian Hotels Company Ltd. (IHCL) for the Tree of Life Resorts brand, holding a 45% stake. With 19 hotels in the pipeline, most under third-party management, the group is poised for significant growth. IHCL also plans to expand Tree of Life with 80 new properties, building on its current presence in Himachal Pradesh, Rajasthan, and Uttarakhand.
source: Money Control
