IHCL to draw up new Taj Mansingh blueprint, spend Rs 1.5 bn on its makeover

MD and CEO Puneet Chhatwal's business strategy has profit enhancement at its core

The Right Name on Mansingh is Taj” — the big, bold declaration atop the Indian Hotels’ (IHCL’s) marquee property in Lutyens’ Delhi as it bathed in purple and white lights on its 40th anniversary on October 11 was more than a metaphor. 

It was only less than a fortnight ago that the Tata Group’s hospitality firm wrested control of the property after a seven-year-long litigation outbidding ITC — the only other bidder in the auction done by New Delhi Municipal Corporation (NDMC).

Having managed to retain the property, Puneet Chhatwal, managing director and chief executive officer of IHCL, and his army of