Vikram Kamats Hospitality Limited Raises ₹28 Crore Equity to

Vikram Kamats Hospitality Limited Raises ₹28 Crore Equity to Accelerate Growth and Nationwide Expansion of VITS Hotels

By Author

Published on January 17, 2025

Vikram Kamats Hospitality Limited (VKHL), formerly known as Vidli Restaurants Limited, has successfully raised ₹28 crore through a preferential allotment. Known as a leader in the pure vegetarian South Indian premium dining segment and mid-market hotel industry, VKHL is set to further cement its presence with this latest funding initiative.

The total capital of ₹28 crore was secured from a mix of renowned investors, including:

Mrinalini Jaisinghani (part of the Polycab Group)
Nabs Vriddhii LLP (part of the Sattva Group)
The Golden Bird Fund, a notable foreign portfolio investor
Green Portfolio Fund Management

This strategic fundraising initiative is poised to accelerate the expansion of the VITS Hotels brand, a mid-market hotel chain renowned for providing exceptional service and a homely experience for travelers. With more than 25 properties across India, VITS Hotels has become synonymous with premium comfort hospitality, appealing to both leisure and business travelers.

Expanding the Horizons of Mid-Market Hospitality

Expressing his gratitude and excitement, Dr. Vikram Kamat, Managing Director of Vikram Kamats Hospitality Limited, stated:

“Since 2016, we have provided excellent returns to our investors despite market fluctuations by focusing on a profitable business and strategic expansion. This funding demonstrates the continued trust of marquee investors and family offices in us. We will pursue an asset-light growth strategy by adding new VITS Hotels and Kamats Restaurants across India.”

Founded in 2007 by Dr. Vikram Kamat, VKHL is the flagship company of the VITSKAMATS Group, a diversified hospitality chain listed on the Bombay Stock Exchange (BSE ID: KAMATS & BSE Code: 539659). While VKHL primarily focuses on the Kamats Restaurant and VITS Hotels business, its subsidiary, Vitizen Hotels Ltd., operates hotel properties under lease, franchise, and management models.

The Road Ahead

With this latest infusion of funds, VKHL is poised to unlock new opportunities and redefine mid-market hospitality in India. The company remains committed to quality, innovation, and customer satisfaction while emphasizing sustainable growth.

Dr. Kamat’s leadership has been instrumental in setting new benchmarks for the Indian hospitality industry, delivering memorable guest experiences, and driving operational excellence.

About Vikram Kamats Hospitality Limited

Established in 2007 by hospitality visionary Dr. Vikram Kamat, Vikram Kamats Hospitality Limited (VKHL) is the driving force behind the VITSKAMATS Group. VKHL’s portfolio includes the Kamats Restaurants and VITS Hotels chain, an expanding network of mid-market hotels and resorts across India. Known for blending comfort, quality service, and exceptional dining, VITS Hotels caters to both business and leisure travelers.

VKHL also holds a majority stake in Vitizen Hotels Ltd., which operates its hotel properties under lease, franchise, and management models. Focused on sustainable growth and innovation, the company aims to set new benchmarks in the Indian hospitality industry by ensuring every guest’s experience is both enriching and memorable.

With this successful fundraising, VKHL is poised to achieve significant growth, expanding its footprint across India and reinforcing its position as a leader in mid-market hospitality.

Espire Hospitality Posts Record FY26 Revenue of ₹14,106 Lakhs, EBITDA Grows 38%

By Hariharan U

Published on June 30, 2026

Espire Hospitality Limited has reported its highest-ever financial performance for FY 2026, delivering strong growth across revenue, EBITDA, and profitability, driven by robust demand across leisure, spiritual, and business travel segments.

For FY 2026, the company posted revenue of ₹14,106 lakhs, marking a 17% increase over the previous year. EBITDA stood at ₹3,190 lakhs, reflecting a 38% growth, while Profit Before Tax (PBT) was ₹1,157 lakhs and Profit After Tax (PAT) stood at ₹812 lakhs.

The company also recorded its strongest quarterly performance in Q4 FY26, with revenue of ₹4,873 lakhs, up 19% year-on-year, and EBITDA of ₹1,096 lakhs, growing 34% over the same period last year. PBT for the quarter stood at ₹436 lakhs, while PAT came in at ₹422 lakhs.

Operationally, Espire Hospitality continued to outperform industry benchmarks. The company reported an Average Daily Rate (ADR) of ₹10,827 compared to the industry average of ₹8,792, and a RevPAR of ₹6,317 versus the industry average of ₹5,745, highlighting its strong pricing power and yield optimization strategy.

During Q4 FY26, the company added six new properties, contributing nearly 250 keys to its portfolio and strengthening its presence across leisure, pilgrimage, and business destinations in India.

A key highlight of the year was the commencement of an ultra-luxury resort project near Vrindavan, with an estimated investment of around ₹300 crore. The property will be operated by Marriott International under the JW Marriott brand, further strengthening the company’s luxury hospitality portfolio.

Espire Hospitality continues to operate across multiple brand segments, including Six Senses Fort Barwara in the ultra-luxury space, ZANA Luxury Escapes in boutique luxury, and Country Inn Hotels & Resorts in the midscale category. The diversified portfolio enables the company to serve multiple customer segments across India’s growing travel market.

The company also outlined a strong development pipeline, with plans to add over 1,000 keys annually over the next three years. Upcoming projects span key destinations including Bengaluru, Mussoorie, Gurugram, Goa, Jaipur, Varanasi, and several spiritual and leisure hubs.

Commenting on the performance, Managing Director & CEO Akhil Arora said FY26 marked a landmark year for the company, driven by record financial results, portfolio expansion, and operational excellence. He highlighted that Espire Hospitality is building a diversified platform across luxury, upscale, midscale, leisure, and spiritual travel segments.

He further added that the company is actively pursuing expansion across major business hubs such as Mumbai, Bengaluru, Chennai, Pune, and Noida, while also strengthening its presence in spiritual destinations like Varanasi, Rishikesh, and Haridwar, as well as leisure destinations including Goa, Darjeeling, and Ooty.

With strong financial performance, an expanding portfolio, and a robust development pipeline, Espire Hospitality enters FY 2027 with significant growth momentum and a clear focus on scaling its presence across India’s hospitality landscape.

Omaxe Launches Hospitality Vertical with ₹6,200 Crore Investment Plan Across 19 Hotels

By Hariharan U

Published on June 30, 2026

Omaxe, one of India’s leading real estate developers, has announced its entry into the hospitality sector with the launch of a dedicated business vertical. The company plans to invest approximately ₹6,200 crore over the next 4–5 years to develop 19 hotels across five states, spanning nearly 5 million sq. ft.

The hospitality portfolio will be developed across high-growth urban centres, pilgrimage destinations, and transit corridors, and will be integrated with Omaxe’s existing townships, mixed-use developments, and commercial projects. The expansion is expected to strengthen the company’s recurring revenue stream while enhancing its integrated development strategy.

Out of the planned 19 hotels, 12 will be located in Uttar Pradesh across cities including Ayodhya, Lucknow, Prayagraj, Ghaziabad, Gorakhpur, Kaushambi, and Vrindavan. Additional projects are planned in New Delhi, Faridabad, and Ujjain, along with four hotels across Chandigarh, Amritsar, and Ludhiana. Overall, Omaxe will establish a presence across 13 cities in five states.

A key highlight of the portfolio is a 158-key Gateway Hotel by IHCL at The Omaxe State in Dwarka, New Delhi. The project is being developed as part of a Public-Private Partnership (PPP) with the Delhi Development Authority (DDA). The company is also developing transit-oriented hospitality infrastructure in Uttar Pradesh in collaboration with UPSRTC.

Speaking on the expansion, Mohit Goel, Managing Director of Omaxe Ltd., said hospitality is a natural extension of the company’s integrated development strategy. He noted that rising connectivity, religious tourism, and growing travel demand across emerging markets are driving the need for quality hospitality infrastructure.

The planned portfolio will cater to multiple segments including business travel, leisure tourism, destination weddings, MICE activities, and religious tourism. It will include midscale, upscale, luxury hotels, pilgrimage properties, and serviced apartments tailored to local demand dynamics.

Omaxe stated that the hospitality business has the potential to generate approximately ₹1,000 crore in annual revenue once stabilized, subject to execution, occupancy levels, and market conditions. The company is also in advanced discussions with leading hospitality operators for branding and management partnerships.

With this move, Omaxe joins a growing list of real estate developers diversifying into hospitality to leverage integrated urban ecosystems and rising tourism demand across India

Papa Johns India Celebrates Father’s Day with Interactive Pizza-Making Experience

By Hariharan U

Published on June 21, 2026

Papa Johns India marked Father’s Day with a unique and interactive celebration, hosting a special pizza-making experience for fathers and their children at its Hennur and Kasturi Nagar outlets in Bengaluru on June 21, 2026.

Designed to encourage meaningful family bonding, the event brought together registered father-child duos for a hands-on culinary session where participants created their own pizzas under the guidance of Papa Johns chefs. The initiative aimed to transform a traditional dining experience into an engaging activity centred around togetherness and shared memories.

During the event, participants wore branded aprons and caps while learning the art of pizza-making from scratch. The experience also featured Father’s Day-themed games, instant photography sessions, Polaroid keepsakes, and interactive activities designed to make the celebration memorable for families.

Commenting on the initiative, Prashant Mehta, Director of Papa Johns India, said the brand views Father’s Day as an opportunity to celebrate family connections and create meaningful experiences beyond dining. He noted that the event was designed to bring families together through teamwork, creativity, and shared moments in the kitchen.

The sessions concluded with pizza tasting, trivia activities, and group photographs, allowing participants to enjoy the creations they made together.

Through this experience-led activation, Papa Johns India continues to strengthen customer engagement while showcasing the craftsmanship, quality ingredients, and preparation techniques that define its pizzas. The initiative reflects the brand’s growing focus on creating memorable in-store experiences that connect customers with the food and the people they share it with.

Operated in India by PJP Foods India Private Limited under the Ambrosia QSR platform, Papa Johns India continues to expand its presence through dine-in, takeaway, and delivery formats while staying true to its global promise of “Better Ingredients. Better Pizza.”

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