Apollo Sindoori Hotels Limited has announced a major contract win for its subsidiary, securing a housekeeping services agreement with the Indian Institute of Technology (IIT) Madras. The contract represents a significant business development for the hospitality company's diversified operations.

Contract Details

The subsidiary has received a formal contract offer from IIT Madras for comprehensive housekeeping services. The agreement carries substantial financial value and extends over a strategic timeframe.

Strategic Significance

This contract award demonstrates the subsidiary's capability to secure large-scale institutional contracts in the services sector. The agreement with IIT Madras, one of India's premier educational institutions, adds a prestigious client to the company's portfolio.

The 13-month contract duration provides revenue visibility for the subsidiary extending from February 2026 through March 2027. The substantial contract value of ₹23.48 crore represents a significant business opportunity in the institutional housekeeping services segment.

Business Impact

The contract win highlights Apollo Sindoori Hotels' diversified business approach through its subsidiary operations. Securing services contracts with reputed institutions like IIT Madras strengthens the company's position in the broader hospitality and services market beyond traditional hotel operations.

Apollo Sindoori Hotels has announced a significant business development with its unit securing multiple work orders worth ₹64.31 crores. The contracts represent substantial additions to the company's order book and demonstrate its growing presence in the facility management sector.

Contract Details and Scope

The work orders encompass facility management services for high-profile clients, showcasing the company's capabilities in handling large-scale operations. The contract portfolio includes the following key details:

Client Portfolio and Market Position

The secured contracts highlight Apollo Sindoori Hotels' ability to attract diverse clientele across both private and government sectors. The inclusion of Tata Main Hospital demonstrates the company's credibility in managing healthcare facility operations, while the Government of Rajasthan contract reflects its capability to handle public sector requirements.

Contract Duration Analysis

The varying contract durations from 1 to 33 months indicate a strategic mix of engagement types. This range suggests the company has secured both immediate service requirements and longer-term partnerships, providing revenue visibility across different time horizons.

Business Impact

These work orders represent a notable addition to Apollo Sindoori Hotels' business portfolio, strengthening its position in the facility management services sector. The contracts span significant duration periods, offering the company sustained revenue opportunities and the potential to build long-term client relationships in both healthcare and government sectors.