Supreme Holdings & Hospitality Ltd

Supreme Holdings & Hospitality Ltd

The company was incorporated on 15th April 1982 as a Private Limited Company under the name of Supreme Holdings Private Limited. The Company was acquired as going concern by the JATIA group in the year 1987. The Company became Public Limited Company pursuant to Resolution passed in the Extra Ordinary General Meeting held on 21st March 1994. The Company entered the Capital market with its maiden public issue in the year 1995. In 2011 the Jatia Hotels and Resorts Pvt Ltd and Royalways Trading & Investments Services Pvt Ltd amalgamated with the Company and the Company acquired their valuable assets and enter the Hospitality Industry in a formidable way. Subsequently the name of Company was changed to Supreme Holdings & Hospitality (India) Ltd.The company was engaged in Non Banking Financial activities.Considering the vast opportunities available in the Hospitality Industry in India the Company decided to enter the hospitality industry with a long term view which mainly focused on development of hotels along with other support services. It also holds various stakes in listed hotel companies in India.The company has mainly focused in Maharashtra and shortlisted two locations for development first being Pune and second being Panvel. It has already acquired and secured freehold land at the above two locations and the same is vested with the company.The company is developing a five star hotel at Kalyani Nagar Pune. It has tied-up with Intercontinental Hotel Group (IHG) for the same. It is a mixed-used development that comprises of a 308 room hotel and commercial building with a total development of 1.2 million sqft in the heart of Pune City.As part of its strategy the Company has also acquired a land bank at Panvel with a view of developing a resort along with other support services. Looking at the pace of development in this suburban city with huge infrastructure projects such as the International Airport dedicated freight corridor of the Indian Railways between Delhi and Mumbai (DFRC) Sion-Panvel Expressway and the 22km Mumbai-JNPT sea-link this suburban town has the potential to grow tremendously in the near future.