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Apollo Sindoori Hotels’ arm gets LoI worth Rs 23.48 crore from IIT Madras

05 Feb 2026 Evaluate

Apollo Sindoori Hotels’ wholly owned subsidiary -- Sindoori Management Solutions has received a Letter of Intent (LoI) worth Rs 23.48 crore from Indian Institute of Technology (IIT) Madras. The LoI is for rendering housekeeping services in Academic, Hostel & Residential Zones at IIT Madras Main Campus in Chennai and Discovery Campus, Thaiyur ‘B’ Village, Chengalpattu. The order is to be executed within 14 months, starting from February 2026 till March 2027.

Apollo Sindoori Hotels is a leading hospitality service management and support services company. It manages the entire gamut of hospitality services right from food services to kitchen planning and management.

Peers
Company Name CMP
Indian Hotel 653.30
ITC Hotels 161.85
EIH 319.75
Chalet Hotels 768.90
Mahindra Holi.&Resor 274.60
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