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Praveg hands over Bangaram Island Resort operations to IHCL

02 May 2025 Evaluate

Praveg has successfully completed the formal handover of operations of its flagship resort property, Praveg Atoll’s on Bangaram Island, Lakshadweep to Indian Hotels Company (IHCL), in accordance with the Hotel Management Agreement signed between both parties and announced on March 3, 2025.

With this handover, IHCL assumes full operational control of the property under its esteemed SeleQtions brand, reinforcing its commitment to offering guests unparalleled luxury experiences in one of India’s most pristine island destinations.

This milestone marks the next phase in a strategic collaboration between Praveg and IHCL aimed at redefining eco-conscious luxury travel. Guests visiting the Bangaram Island resort can now expect IHCL’s signature blend of world-class service, personalized guest experiences, and sustainable hospitality practices that complement the island’s natural beauty and ecological significance.

Praveg (Formerly known as Praveg Communications (India)) is principally engaged in business of providing services in holding and arranging Events, Exhibitions, Advertisement, Hospitality and in pharma sector.


Peers
Company Name CMP
The Indian Hotels Co 713.00
ITC Hotels 153.40
Mahindra Holi.&Resor 193.45
EIH 292.35
Chalet Hotels 843.25
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