- Business
- Jindal Hotels Limited engages in the hotel business in India, operating the three-star category Grand Mercure Vadodara Surya Palace hotel and Azure restaurant in Vadodara, Gujarat. The company, founded in 1984 and headquartered at Grand Mercure Vadodara Surya Palace in Sayajigunj, Vadodara, offers 146 guest rooms including deluxe and executive suites; six banquet halls comprising large, medium, and the recently renovated Royal Room; multi-cuisine dining at Azure restaurant; conference and board rooms; swimming pool; spa; health club; liquor shop; and amenities such as 24/7 WiFi, fitness center, doctor on call, all major credit cards acceptance, and running hot and cold water. It operates under a management franchise agreement with the Accor Group since June 2017, targeting business and leisure travelers in the central business district of Vadodara with average room occupancy around 67-70%, food and beverage services, wine offerings, accommodation, and event hosting capabilities.
In recent developments, the company commences construction of 13 supplementary luxury guest rooms in October 2024 as part of a strategic expansion to enhance accommodation capacity and align with peak season demand; completes renovations of the Royal Room banquet hall and Azure restaurant in 2025 to boost revenue from banquets and food segments; re-appoints Piyush D. Shah as Managing Director for a three-year term from August 1, 2025, leveraging his 40+ years of experience since the company's inception; reports Q2 FY26 standalone net sales of Rs 9.56 crore, up 7.30% year-over-year, with a narrowed net loss of Rs 0.06 crore versus Rs 1.43 crore prior year, reflecting improved operating margins of 20.19% amid seasonal hospitality challenges.