Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Mahindra Holidays & Resorts India Ltd (MHRIL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533088 NSE: MHRIL Hotel, Resort & Restaurants | Small Cap | Mahindra Holi.&Resor Share Price
₹197.30 0.35 (0.18%)
As on 11-Sep'26 15:19
Mahindra Holidays & Resorts India Ltd (MHRIL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533088 NSE: MHRIL Hotel, Resort & Restaurants | Small Cap | Mahindra Holi.&Resor Share Price
₹197.30 0.35 (0.18%)
As on 11-Sep'26 15:19
Key Metrics
Valuation Multiples
Market Cap
₹3,980 Cr.
Current Price
₹197.3
52-Week Low / High
₹197 / 380
TTM EPS
₹2.6
TTM Sales
₹3,023 Cr.
Book Value per Share
₹-14.5
P/E Ratio
75.12
Higher than its 5-year historical median
Industry PE
39.1
Price to Book (P/B)
-13.55
Lower than its 5-year historical median
Price to Sales (P/S)
1.32
Lower than its 5-year historical median
EV/EBITDA
6.97
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
42.30%
Outperforms industry median
Return on Assets (ROA)
0.62%
Operating Profit Margin
23%
Net Profit Margin
2.24%
Gross Profit Margin
18.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.92%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.64%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-46.8%
Asset Quality
Promoter Holding
66.73%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-496 Cr.
Equity
₹202.1 Cr.
Face Value
₹10
All Time Low / High
₹81.33 / 504.35
Check Before You Invest
Quality
Very GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is Mahindra Holidays & Resorts India Ltd a good quality company?
Mahindra Holidays & Resorts India Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Mahindra Holidays & Resorts India Ltd performance compare with that of its Peers?
Revenue growth of Mahindra Holidays & Resorts India Ltd vs industry peers?
Mahindra Holidays & Resorts India Ltd revenue CAGR is 12.31%, compared to the industry median CAGR of 9.03%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Mahindra Holidays & Resorts India Ltd?
Promoters hold 66.73% of the Mahindra Holidays & Resorts India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Mahindra Holidays & Resorts India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.5% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mahindra Holidays & Resorts India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 33.5% | 30.5% | 65% | 0% | 0% | 0% | 0% | 0% | 215.5% | 78.3% | - |
| Value Creation Index ⓘ | 1.4 | 1.2 | 3.6 | NA | NA | NA | NA | NA | 15.0 | 4.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,073 | 1,064 | 918 | 977 | 822 | 961 | 1,196 | 1,314 | 1,400 | 1,469 | 1,480 |
| Sales YoY Gr. | - | -0.8% | -13.7% | 6.4% | -15.8% | 16.8% | 24.5% | 9.9% | 6.6% | 4.9% | - |
| Adj EPS ⓘ | 6.7 | 6.7 | 3.3 | -5.4 | 6.4 | 7.7 | 6.9 | 9 | 9.8 | 8.5 | -0.9 |
| YoY Gr. | - | 0.3% | -51.1% | -264.8% | NA | 21.4% | -10.1% | 29.7% | 9% | -13.1% | - |
| BVPS (₹) ⓘ | 33.6 | 37.8 | -22.8 | -28.9 | -22.6 | -14.7 | -6.1 | 3.2 | 9.3 | 10.5 | 13.2 |
| Adj Net Profit ⓘ | 132 | 133 | 65.3 | -107 | 127 | 154 | 139 | 181 | 198 | 172 | -17 |
| Cash Flow from Ops. ⓘ | 266 | 332 | 301 | 331 | 267 | 356 | 413 | 519 | 445 | 325 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.6% | 12.3% | 7.1% | 4.9% | ||||
| Adj EPS ⓘ | 2.8% | 6.1% | 7.1% | -13.1% | ||||
| BVPSⓘ | -12.1% | NA | NA | 12.9% | ||||
| Share Price | -0.5% | -3.3% | -22.1% | -44.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 20.9 | 18.5 | 12.3 | -45.4 | 49.6 | 34.3 | 21.3 | 21.4 | 18.4 | 14.2 | -7.3 |
| Op. Profit Mgn % ⓘ | 24 | 23 | 12.4 | 19.3 | 25.5 | 25.4 | 23.4 | 23 | 25.3 | 31.5 | 28.9 |
| Net Profit Mgn % ⓘ | 12.3 | 12.5 | 7.1 | -11 | 15.4 | 16.1 | 11.7 | 13.8 | 14.1 | 11.7 | -1.2 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 546 | 583 | 930 | 1,108 | 1,305 | 1,076 | 897 | 878 | 854 | 856 | 317 |
| Cash Conv. Cycle ⓘ | 192 | 221 | 288 | 303 | 315 | 197 | 159 | 157 | 166 | 184 | 170 |
Valuation of Mahindra Holi.&Resor - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,267 | 2,317 | 2,239 | 2,372 | 1,730 | 2,013 | 2,517 | 2,705 | 2,781 | 2,992 |
| Operating Expenses ⓘ + | 1,932 | 1,948 | 2,056 | 1,998 | 1,490 | 1,693 | 2,038 | 2,182 | 2,193 | 2,359 |
| Operating Profit ⓘ | 334 | 369 | 183 | 374 | 240 | 320 | 479 | 522 | 588 | 633 |
| Operating Profit Margin (%) | 14.8% | 15.9% | 8.2% | 15.8% | 13.9% | 15.9% | 19.0% | 19.3% | 21.1% | 21.1% |
| Other Income ⓘ + | 28 | 34 | 57 | 59 | 124 | 166 | 107 | 115 | 129 | 124 |
| Interest ⓘ | 32 | 86 | 40 | 85 | 98 | 105 | 126 | 140 | 157 | 197 |
| Depreciation ⓘ | 106 | 100 | 101 | 247 | 264 | 271 | 290 | 337 | 366 | 409 |
| Profit Before Tax ⓘ | 224 | 217 | 98 | 101 | 2 | 111 | 171 | 160 | 193 | 139 |
| Tax ⓘ | 79 | 84 | 38 | 236 | 16 | 43 | 57 | 43 | 67 | 72 |
| Profit After Tax | 146 | 133 | 60 | -134 | -14 | 68 | 114 | 116 | 126 | 67 |
| PAT Margin (%) | 6.4% | 5.7% | 2.7% | -5.7% | -0.8% | 3.4% | 4.5% | 4.3% | 4.5% | 2.2% |
| Adjusted EPS (₹) | 7.5 | 6.7 | 3.0 | -6.6 | -0.7 | 3.4 | 5.7 | 5.7 | 6.3 | 3.5 |
| Dividend Payout Ratio (%) | 29.70% | 40.10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 589 | 700 | 269 | 32 | 69 | 229 | 364 | 500 | 677 | 771 | |
| Debt + | 712 | 738 | 585 | 327 | 807 | 671 | 697 | 230 | 982 | 775 | |
| Minority Interest | 28 | 27 | 29 | 9 | 6 | 10 | 9 | 9 | 8 | 6 | |
| Trade Payables | 235 | 262 | 285 | 309 | 308 | 348 | 398 | 391 | 353 | 331 | |
| Others Liabilities ⓘ | 2,350 | 2,740 | 5,441 | 7,687 | 6,824 | 7,098 | 7,344 | 8,441 | 8,365 | 9,297 | |
| Total Liabilities ⓘ | 3,915 | 4,467 | 6,609 | 8,363 | 8,014 | 8,356 | 8,811 | 9,571 | 10,385 | 11,180 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1,273 | 1,459 | 2,439 | 3,862 | 3,971 | 4,186 | 4,418 | 4,589 | 5,003 | 5,741 | |
| CWIP ⓘ | 157 | 92 | 201 | 223 | 112 | 122 | 182 | 244 | 407 | 361 | |
| Investments ⓘ | 104 | 453 | 323 | 406 | 77 | 306 | 573 | 675 | 753 | 695 | |
| Inventories | 395 | 520 | 570 | 552 | 554 | 541 | 570 | 597 | 694 | 833 | |
| Trade Receivables | 1,020 | 1,075 | 1,112 | 1,245 | 966 | 965 | 1,020 | 1,102 | 1,141 | 1,229 | |
| Cash Equivalents | 214 | 72 | 79 | 280 | 403 | 435 | 226 | 292 | 271 | 102 | |
| Others Assets ⓘ | 751 | 795 | 1,885 | 1,795 | 1,931 | 1,802 | 1,821 | 2,073 | 2,116 | 2,220 | |
| Total Assets ⓘ | 3,915 | 4,467 | 6,609 | 8,363 | 8,014 | 8,356 | 8,811 | 9,571 | 10,385 | 11,180 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 276 | 551 | 263 | 561 | 382 | 498 | 681 | 624 | 621 | 531 |
| Cash Flow From Investing Activity ⓘ + | -182 | -547 | -238 | -284 | -237 | -257 | -210 | -449 | -401 | -213 |
| Cash Flow From Financing Activity ⓘ + | -6 | -144 | -21 | -254 | -154 | -217 | -459 | -190 | -285 | -315 |
| Net Cash Flow ⓘ | 88 | -140 | 5 | 22 | -8 | 24 | 12 | -14 | -64 | 2 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 26.58 | 20.6 | 65.4 | 0 | 0 | 184.71 | 0 | 0 | 0 | 0 |
| ROCE (%) | 19.86 | 20.94 | 14.97 | 83.65 | 62.2 | 21.71 | 118.39 | 84.96 | 63.02 | 42.3 |
| Asset Turnover Ratio | 0.6 | 0.55 | 0.4 | 0.32 | 0.21 | 0.25 | 0.29 | 0.29 | 0.28 | 0.28 |
| PAT to CFO Conversion(x) | 1.89 | 4.14 | 4.38 | N/A | N/A | 7.32 | 5.97 | 5.38 | 4.93 | 7.93 |
| Working Capital Days | ||||||||||
| Receivable Days | 157.40 | 165 | 178.30 | 181.40 | 233.20 | 175 | 143.90 | 143.20 | 147.20 | 144.60 |
| Inventory Days | 62.40 | 72.10 | 88.80 | 86.30 | 116.70 | 99.30 | 80.60 | 78.80 | 84.70 | 93.20 |
| Payable Days | 256.10 | 257.80 | 239.60 | 224.70 | 409.10 | 452.70 | 387.40 | 402.60 | 403.50 | 359.80 |
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Mahindra Holidays & Resorts India Ltd FAQs
The current trading price of Mahindra Holi.&Resor on 11-Sep-2026 15:19 is ₹197.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Mahindra Holi.&Resor stood at ₹3,979.7 Cr
The latest P/E ratio of Mahindra Holi.&Resor as of 10-Sep-2026 is 0.00.
The latest P/B ratio of Mahindra Holi.&Resor as of 10-Sep-2026 is 14.92.
The 52-week high of Mahindra Holi.&Resor is ₹379.9 and the 52-week low is ₹196.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahindra Holi.&Resor is ₹1,480 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahindra Holidays & Resorts India Ltd is a good quality company.
The key valuation ratios of Mahindra Holidays & Resorts India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mahindra Holidays & Resorts India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Mahindra Holidays & Resorts India Ltd
Mahindra Holidays & Resorts India (MHRIL), part of the Mahindra Group, is a leader in the hospitality space, renowned for its flagship vacation ownership brand, Club Mahindra. Founded in 1996, MHRIL provides access to many resorts across India and international locations to its members. The company’s wholly owned subsidiary, Holiday Club Resorts Oy (HCR) - one of Europe’s leading vacation ownership companies - manages timeshare properties, including spa resorts, spread across Finland, Sweden, and Spain. As the largest vacation ownership company outside the US, MHRIL stands for trusted, quality family holidays built on a foundation of reliability, customer satisfaction, and memorable experiences.
The company also offers its members access to several Rehabilitation Council of India (RCI) affiliate resorts worldwide and an opportunity to holiday at many partner hotels in India and abroad through ‘Horizons' - its own holiday exchange programme for members. In addition, it offers unique membership privileges - an unmatched range of travel and lifestyle experiences - which differentiates it within the industry. This experience ecosystem has made ‘Club Mahindra’ an aspirational brand in the leisure hospitality industry in India.
Products and services offered by the company
- Resorts in India
- Resorts in International
Business area of the company
The company offers a thoughtfully segmented portfolio of vacation membership products, designed to meet the evolving needs of different customer segments and life stages. The company is renowned for its flagship vacation ownership brand - Club Mahindra. The company’s each product is backed by rich customer insight, offering flexibility, value and memorable holiday experiences.
Awards
2016
- Tripadvisor Travellers’ Choice Award for Club Mahindra Madikeri, Coorg and Club Mahindra Munnar awarded the ‘Best Hotels for Families in India.’
- Best Hotel for Families, Asia for Club Mahindra Madikeri, Coorg awarded ‘The Best Hotel for Families, Asia.’
2017
- India’s Favourite Resort Chain for Mahindra Holidays voted India’s Favourite Resort Chain at the HolidayIQ Awards.
- CSR Leadership Award for Mahindra Holidays won the ET NOW Rise with India- CSR Leadership Award for ‘Regulation of Corporate and Environmental Behaviour 2017-2018.’
- Significant achievement in HR Excellence for Mahindra Holidays recognized by the 8th CII National HR Excellence Award 2017 for ‘Significant Achievement in HR Excellence’ with additional ‘Special Recognition for Learning & Development.’
- Best 50 Companies for Mahindra Holidays is among the ‘Best 50 Companies’ according to the People Capital Index 2017, a reflection of its employee satisfaction efforts.
- Golden Peacock Award for Mahindra Holidays bestowed with the prestigious ‘Golden Peacock Award for Sustainability, 2017.’
2018
- Great Place To Work- Certified for Mahindra Holidays is amongst the ‘India’s 100 Best Places to Work for 2018.’
2019
- Most Popular Resort Chain for Club Mahindra recognized as the 'Most Popular Resort Chain' by the prestigious Times Travel Awards.
- Great Place to Work Top 100 for Mahindra Holidays & Resorts is ranked among India's Best 100 Companies to Work For 2020
2020
- Tripadvisor Travellers' Choice for 29 Club Mahindra resorts 2020.
- Top 25 Hotels for Families for Club Mahindra Kanatal at Tripadvisor Travellers' Choice Awards 2020.
- Top 25 Hotels for Families for Club Mahindra Varca at Tripadvisor Travellers' Choice Awards 2020.
- Top 25 Hotels for Families for Club Mahindra Emerald Palms at Tripadvisor Travellers' Choice Awards 2020.
- Top 25 Hotels for Families for Club Mahindra Mashobra at Tripadvisor Travellers' Choice Awards 2020.
2021
- In 2020-21, 29 resorts and 4 restaurants won the Trip Advisor Travellers Choice Award.
- During the year, it also piloted ISO 45001 certification, the international standard for occupational health and safety, in Puducherry.
- During the year under review, the company was awarded with the “Sustainability and Business Excellence Award by the Centre of Excellence for Sustainable Development (CIIITC).
2022
- ‘Family Premier League’ campaign won the 2022 DMA Asia Echo CreatEffect Award under the ‘Travel and Hospitality’ category.
- MHRIL won the ‘Best Practices in Corporate Social Responsibility’ award at the 30th edition of the World HRD Congress & Awards 2021-22.
2023
- 19 Resorts Honoured with the TripAdvisor Travelers' Choice 2023 Award for Being in the Top 10% Worldwide
- Club Mahindra Assonora, Goa, Ranked Among the Top 4 Socially Responsible Hotels of the Year in Hotelier's ESG Excellence Awards for Western Region
2024
- 20 Club Mahindra resorts honoured with the prestigious TripAdvisor Travelers’ Choice Award
- Club Mahindra Saj, Mahabaleshwar, ranks among the “Best of the Best” globally, in the Top 20 familyfriendly resorts.
- Club Mahindra Ashtamudi won the RCI Green Award –Gold Category for global RCI affiliates
- Club Mahindra Netrang, Gujarat earned the 2024 RCI Gold Crown Resort
2025
- Traveller Review Award from Booking.com – 4 resorts (Dwarka, Kanha, Binsar, Puducherry).
- Club Mahindra Netrang, Gujarat earned the 2025 RCI Gold Crown Resort.
Milestones
- 1996: Incorporation of Mahindra Holidays & Resorts India Limited
- 1997: Launched the first individual product “Club Mahindra Holidays Unlimited”
- 1997: Acquired land at Varca Village, Goa
- 1998: First resort opened at Munnar
- 1998: MMJ Resorts and Holidays Private Limited was amalgamated into the Company with effect from April 1, 1998 pursuant to Madras High Court order dated April 23, 1999
1999: Second resort opened at Goa - 2000: Acquired land in Binsar
- 2001: Opened resort at Manali
- 2001: Corbett resort opened
- 2001: Mahindra Sega Entertainment Corporation Ltd was amalgamated into the Company with effect from April 1, 2001 pursuant to Madras High Court order dated April 30, 2002
- 2002: Acquired land in Coorg
- 2003: First Club Mahindra Holiday World opened in Chennai
- 2004: Number of vacation ownership members was 20,536
- 2005: Entered into long-term lease for an international resort in Pattaya, Thailand
- 2005: Acquired land in Lonavala
- 2005: Acquired land in Puducherry (formerly Pondicherry)
- 2005: Club Mahindra Kodagu Valley resort was opened in Coorg, Karnataka
- 2005: Number of vacation ownership members was 28,491
- 2006: Launched “Zest”, a product to cater to short break holiday needs
- 2006: Acquired a resort in Manali
- 2006: Launched “Club Mahindra Fundays”
- 2006: Invested in Ashtamudi Resorts Private Limited
- 2006: Number of vacation ownership members was 38,691
- 2007: Entered into long-term lease for a resort at Auli
- 2007: Opening of Club Mahindra Backwater Retreat at Ashtamudi
- 2007: Number of vacation ownership members was 53,101
- 2007: Launched clubmahindra.travel, the travel related services
- 2008: Club Mahindra Dancing Waters, Naukuchiyatal taken on lease
- 2008: Acquisition of Club Mahindra Tusker Trails, Thekkady
- 2008: MHRIL and the Kerala Government entered into a strategic alliance for a period of 5 years to develop, promote and market homestays overseas and in India
- 2008: Mahindra Homestays Launched
- 2008: Zest @ Casa Deep Woods, Masinagudi taken on lease
- 2008: Club Mahindra.travel received International Air Transport Association accreditation
- 2008: Launched Zest at Big Beach, Puduchery, first signature resort for Zest
- 2009: Club Mahindra.travel was approved as an “ACTIVE” Member of Travel Agents Association of India for the year 2009-10
- 2009: Club Mahindra Whispering Pines, Mashobra taken on lease
- 2009: Number of vacation ownership members was 92,825
- 2011: Launches Club Mahindra Emerald Palms.
- 2012: Club Mahindra acquires Royal Courts Jaisalmer, Launches Club Mahindra, Jaisalmer.Mahindra Holidays & Resorts India buys M/s. Gables Promoters.Mahindra Holidays acquires new resort near Shimla.Mahindra Holidays acquires 49% in IHGCL; adds new resort in Bangkok.
- 2013: Mahindra Holidays unveils New Brand Identity for its flagship Brand Club Mahindra.
- 2014: Mahindra Holidays acquires new 60 room resort in Manali
- 2014: Mahindra Holidays buy CHPLs resort in Manali
- 2015: Mahindra Holidays launches its first resort in Kanha, MP
- 2015: Visionsbolaget becomes subsidiary of Mahindra Holidays
- 2017: CII and Mahindra Holidays Tie up with Schools for “Phenk Mat Mumbai” Campaign to create awareness on anti-littering.
- 2017: CII and Mahindra Holidays Tie up with Schools for “Phenk Mat Mumbai” Campaign to create awareness on anti-littering
- 2018: Club Mahindra Launches ‘Bliss’ for Senior Citizens.
- 2020: Mahindra Holidays’ arm acquires balance 49% stake in Holiday Club Sport and Spa Hotels AB
- 2020: Mahindra Holidays acquires strategic minority stake in Great Rocksport
- 2021: Recommenced its Resorts operations starting from June 2021 onwards in a staggered manner and currently, majority of its Resorts are operational.
- 2022: Sold entire stake consisting of 5,738 equity shares (10.76% stake) in Nreach Online Services (Nreach), for a consideration of Rs 29.31 crore.
- 2022: Incorporated Mahindra Holidays & Resorts Harihareshwar as a wholly owned subsidiary.
- 2023: Signed a Memorandum of Understanding (MoU) with the Government of Uttarakhand to establish and develop Club Mahindra Resorts in the State of Uttarakhand.
- 2024: Signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest Rs 800 crore in Tamil Nadu to build three Greenfield resorts over the next five to six years.
- 2024: Club Mahindra launched its latest property, Club Mahindra Bharatpur, in Rajasthan.
- 2024: Club Mahindra launched its latest property, Club Mahindra Pavagadh in Gujarat.
- 2024: Club Mahindra expanded its Kandaghat resort. Added more than 100 keys to the resort.
- 2025: Club Mahindra unveiled its latest property, Club Mahindra Patkote Jim Corbett, nestled in the misty hills of Kumaon, this serene sanctuary is a haven for nature enthusiasts.
- 2025: Club Mahindra adds new resorts in Andhra Pradesh, Abu Dhabi & Vietnam.
- 2026: Launched Club Mahindra Nadiya Parao Resort in Jim Corbett, further strengthening its presence in Uttarakhand.
- 2026: Signed a new resort in Dapoli, near the scenic Murud Beach, further strengthening its presence along Maharashtra’s coastline.
- 2026: Launched two new resorts in Club Mahindra Amba Ghat, Maharashtra and Club Mahindra Bandhavgarh, Madhya Pradesh.
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