Mahindra Holidays Faces ₹33.29 Crore GST Demand Notice from Tamil Nadu Tax Authority 3 days ago
Mahindra Holidays & Resorts India Limited (MHRIL) has received a Show Cause Notice from Tamil Nadu tax authorities demanding ₹33,28,74,524 in GST, including interest and penalties, for the financial year 2021-22. The demand is based on adjustments in turnover, supply differences, trade payable discrepancies, and asset-related issues. MHRIL states that it does not expect a material financial impact and plans to pursue legal remedies. The company has disclosed this information to stock exchanges in compliance with SEBI regulations.
Mahindra Holidays Faces ₹33.29 Crore GST Demand Notice from Tamil Nadu Tax Authority 3 days ago
Mahindra Holidays Reports Strong Q1 Performance, Appoints New Company Secretary 6 days ago
Mahindra Holidays Reports Strong Q1 Performance with 73% Jump in Standalone Profit; Announces Leadership Changes 6 days ago
Mahindra Holidays' Finnish Subsidiary Acquires Salla Star Property for ₹2.35 Crore Jul 04, 2025
More news about Mahindra Holidays
03Jul 25
Mahindra Holidays' Finnish Subsidiary Acquires Salla Star Property for ₹2.35 Crore
Holiday Club Resorts Oy, a Finnish subsidiary of Mahindra Holidays, has acquired a 100% stake in Keskinäinen Kiinteistö Oy Salla Star (KKOSS), a property entity in Finland, for ₹2.35 crore (€260,000). The acquired property, located in Salla, Lapland, has been leased by Holiday Club Resorts Oy since 2012. This acquisition strengthens Mahindra Holidays' position in the European hospitality market and aligns with its strategy to expand in key international tourism destinations.
04May 25
Mahindra Holidays Sets Ambitious Target: 850 New Rooms in FY26, Eyes 10,000 Rooms by 2030
Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in FY26, aiming for 10,000 rooms by 2030. Current inventory is 5,800 rooms, expected to reach 6,500-6,600 by FY26 end. Capital expenditure for FY25 is ₹300 crore, potentially doubling in FY26. The company reported 12% and 14% growth in domestic resort revenues for Q3 and Q4 FY25 respectively. Projected occupancy for FY26 is 83-85%.
30Apr 25
Club Mahindra Expands Resort Portfolio with New Properties in India and Abroad
Mahindra Holidays & Resorts India Ltd, parent of Club Mahindra, has expanded its resort portfolio. The company added a new resort in Andhra Pradesh, India, and two international properties in Abu Dhabi, UAE, and Vietnam. This expansion enhances Club Mahindra's presence in the hospitality sector, offering more diverse vacation options to its members. The move aims to diversify the company's portfolio, strengthen its international presence, and cater to a broader range of travelers.
25Apr 25
Mahindra Holidays & Resorts India Ltd Reports Strong FY25 Performance with 25% Standalone PAT Growth
Mahindra Holidays & Resorts India Ltd (MHRIL) announced robust financial results for FY25. Standalone total income increased by 8% to ₹1,544.90 crore, with PAT excluding one-offs surging 25% to ₹196.70 crore. The company added 520 keys to its inventory, maintained 84% occupancy, and increased Average Unit Realisation by 39% to ₹5.73 lakh. Q4 FY25 saw continued growth with resort revenue up 14% year-over-year. MHRIL expanded its network with new managed resorts in Dindi and Ranthambore. The company's cash position stood at ₹1,555.00 crore with a cumulative member base of 304,508.
Mahindra Holidays & Resorts India Ltd (MHRIL) has received a GST demand order of ₹17.59 crore for FY 2020-21 from the Commercial Tax Officer in Chennai. The demand includes ₹10.35 crore in principal, ₹6.13 crore in interest, and ₹1.11 crore in penalties. Reasons cited include turnover reporting mismatches and input tax credit issues. MHRIL plans to appeal the order and does not expect it to have a material financial impact based on legal counsel advice.