Kolkata-based Jain Group to invest Rs 500 cr in hospitality sector by 2030

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Kolkata-based Jain Group to invest Rs 500 cr in hospitality sector by 2030 - Business Standard

Quick Summary:

The group aided Sarovar brand's re-entry into Kolkata after a gap of 5 years.

Sarovar Hotels, a part of the French Louvre Hotels Group, manages a chain of 135 hotels across India, most of which operate under management contracts.

He stated that the debt-free company is in no rush to tap the capital market until its revenue grows substantially from the current level of Rs 120 crore in FY24."Our real estate and hospitality businesses combined are growing at a CAGR of 30 per cent.