Future very strong and bright’ as Indias consumption boosts travel: Tata Sons Chairman

New Delhi, 7 TEM 7 (PTI) TATA SONS President N Comhasekaran Monday, raised the growth of growing consumption in India, gave confidence that the future looked “very strong and bright” and shared the view of the TATA group’s Indian Hotels Company Limited (IHCL) AGM.

Chandrasekaran, who addressed the shareholders of the country’s largest hospitality player IHCL, said, “Intention is to reach the total global footprint of 700 hotels until 2030 and double the income. La15,000 Crore “.

The President of TATA SONS has recently started the address of the Annual General Assembly (AGM) by paying tribute to those who lost their lives in Air India Aircraft Accident, and also said “a deep sense of loss” during the death of Ratan last October.

“Losing a single person we know is a tragedy, but it is not understandable that many deaths take place at once. Our thoughts are with them. I also want to express a deep sense of loss of Rata’s death in October 2024.

“He was a really rare leader, a distinguished business leader and charitable, and his remarkable vision and achievements have shaped the Tata group for years. He was a beloved friend and he was the person I returned for any guidance. In other words, we missed him very much.” He said.

The President of TATA SONS claimed that India showed a remarkable flexibility in the background of important changes in the Covid Pandememi, which resulted in supply chain shocks and economic slowdown, especially in advanced markets.

Chandrasekaran, the service sector in India is growing a little more than 8 percent, growing up in the year when foreign citizens travel to India, and slowly here is 10 million signs.

“As the consumption in India continues to grow and travels continue to increase, the future looks very strong and bright.”

Detailing the financial performance of IHCL during the period of 2024-25, Chandrasekaran said that the company has signed 74 new hotels in the last financial year and that 26 new opening. Total portfolio expanded to 380 hotels.

“In terms of financial performance, our total independent income La5.145 Crore with Snow after Tax La1,430 Crore. As consolidated, our income approximately La8,565 CRORE AND Post -Tax profit La1,908 Crore.

“Our consolidated EBITDA margin touched 38 percent. IHCL also reported the flow of free cash. LaIn 2024-25, there is 1,100 crore and now there is a very strong cash reserves La3,000 Crore, Tat Tata Sons said, President.