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| Registered Office : 41 Kangayam Road Tiruppur Tamil Nadu - 641604 Tel: 2424426 - 30 4311111 |
| Business Group: Not Applicable |
Industry Type: Hotels |
Key Officials:
Mr. T Gopalakrishnan
Mr. R V E Venkatachalam
Mr. E V Muthukumara Ramalingam
Mr. M R Gautham
Mr. P Ganesan
Mr. Karthik Namasivayam |
Director
Chairman / Chair Person
Managing Director
Executive Director
Director
Director |
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| Public Issue Date:
28/12/1994 |
BSE CODE: 526755 |
NSE CODE: Not Available |
| Face Value: 10 |
Market Lot: 100 |
ISIN: INE548D01014 |
| Current PE:
3.5762 |
Current Market Capital: 6.2 |
| Promoters %: 56.3471 |
| Promoters Shares: 4366900 |
| Institution Investment
%: 0.0981 |
| Institution Investment Shares: 7600 |
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Auditor:
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Banker:
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Registrar:
| S K D C Consultants Ltd. |
No.11 Street No.1 S.N. Layout Tatabad Coimbatore 641012 Tamil Nadu |
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Company History: Velan Hotels Ltd (VHL) was incorporated as a private limited Company on March 21 1990 and was later converted into a public limited company on June 15 1992. The Company was established for the purpose of operating hotel and other tourism related services. VHL had proposed to set up Hotel Greenfields at South Tirupur with 68 rooms at an estimated cost of Rs.500 lakhs and commence commercial operations by October 1992. Due to unforeseen circumstances like communal disturbances there was delay in implementing the project and there were cost and time overruns. Meanwhile to attract foreign business travellers the Company also decided to upgrade facilities and increase accommodation. The hotel commenced operations in stages as under: July 1993 Commercial operations of 40 rooms speciality restaurant and swimming pool. September 1993 Commissioning of additional 22 rooms bar and health club. July 1994 Modern power semi automatic laundry September 1994 Commissioning of 8 deluxe suites. |
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(Source: RTGSL) |
