Kamat Hotels (India) (KHIL), promoted by Mumbai based Kamat Group in 1986, operates a 245 room five star

hotel 'The Orchid near Mumbai domestic airport. The company also manages two hotels -Kamats Khandla Hotel and The Kamats Plaza. KHIL came out with its initial public offering in Oct. '94 at a premium of Rs. 50 aggregating Rs. 30.60 cr and 5.5 lac 14% NCDs of Rs. 100 aggregating Rs.5.5 cr. The issue was to expand and modernise The Kamats Plaza, by constructing 252 double rooms with additional facilities including restaurants, discotheques, health clubs, etc. The estimated project cost was Rs. 111.76 cr. The company has commenced a new tour and travel division, and also started a hotel and catering institute in Bombay. KHIL has entered into an MoU for managing a 94-room residential hotel at Bandra with conference and other facilities but this Bandra project has been rescheduled due to slackness in the development at the Bandra-Kurla complex. KHIL has purchased 25 acres of land at Kumarakum, Kerala for a resort. Asia's first Ecofriendly certified five star hotel "The Orchid" of the company, became fully operational with an 245 rooms during the year 19992000. "The Orchid" has won prestigious award like the Ecotel Industry Pioneer Status 1999 Award, Green Globe Achievement Award 2000, IH & RA Green Hotelier & Restaurateur Environmental Award 1999 for outstanding contribution to sustainable tourism. The company has also entered into an contract for managing Hotel Siddharth, a 32 room hotel at Nashik, Maharashtra for 35 years. The Building plans for Hotel Siddharth at Nasik have been submitted to the Municipal Corporation for renovation and redevelopment.

Kamat Hotels (India) Ltd. (KHIL), a company promoted by Mr. Vithal Kamat,is engaged in the business of hospitality and allied businesses, and itsactivities may be broadly categorized into (i) operation of hotels owned bythe Company, (ii) management of hotels owned by other parties undercontract (iii) catering services and (iv) timeshare.KHIL has firmly established four hotel brands viz. The Orchid An EcotelHotel in the 5-Star segment and VITS Luxury Business Hotel in the 4Starsegment, Gadh Hotels and Lotus Resorts. The focus of the Company is inpositioning its hotels to the business segment in the upscale , full servicecategory. In addition, the Company consciously follows the policy of environment conservation in the operation of its hotels in all aspects viz.design, construction and operations. This environment positioning gives adual advantage to the Company in terms of marketing & visibility coupledwith lower cost of operations. Company Overview Kamat Hotels (India) Limited The Group Kamats had a humble and modest beginning. A clear visionalong with determination and hard work, have gone a long way in helpingthe Group achieve successful results and has laid the foundation of the mostsuccessful Restaurant Chain in India, which of course had gained a strongfoothold in the hospitality Industry. The brand equity Kamats has alsogone up substantially over the years and the name is synonymous withvalue for money and represents a philosophy of best quality of service at themost affordable prices.Former Chairman, Late Mr. Venkatesh Krishna Kamat who lay the foundationof what was to later become one of Indias largest and most successfulrestaurant chain started its business with a small restaurant at Mazgaon.The group has been involved in some of the most innovative expansions and

business extensions, covering city and highway-side restaurants, nightclubs, international restaurants, catering contrcts and hotels. G rowth Pattern1958 : Satkar Restaurant (*), opposite Churchgate Station atMumbai was the first Restaurant started. The success of SatkarRestaurant and increasing demand for fast-food prompted thegroup to launch Samrat Restaurant (*) at Churchgate in 1972and a host of eateries and catering businesses in western India.(*) Not part of the KHIL Group now. 1986 : The Company KAMAT HOTELS (INDIA) LIMITED wasincorporated on 21st March, 1986. It took over its first residentialhotel in Vapi Shalimar Hotel. The group also purchased aResidential Hotel at Khandala, a Hill Resort, between Mumbai andPune. In the same year, Kamat Super Snacks was also started atNana Chowk, Mumbai with 69 covers. 1988 : The group built a Three Star Hotel with 32 rooms in firstphase with provision for another 60 rooms at Silvassa, a UnionTerritory, about kms from Mumbai. 1990 : Plaza Hotel which was a four star Hotel in operation with81 rooms situated near Domestic Airport was purchased. TheHotel was remodelled and a Family Club with discotheque GoBananas was started. 1994 : The Group went public through an IPO. 1995 : Inception of the Kamats Catering Institute at Goregaon.Kamats Tours & Travels established. In September same year theManagement of Kamats Plaza decided to upgrade and reopen theproperty as a Five Star Hotel.

1996 : Hotel Siddharth (Nasik) 32 rooms 3 star hotel withpermit room & a turnover of Rs. 76 lakhs in 2000/01, was takenover under a management contract for 35 years. 1997 :

The Orchid, An Ecotel Hotel, Asias first Eco Friendly FiveStar Hotel, was opened to Public on 27th September, 1997. 2001 : The Company ventured, abroad by opening two of itsbranches to begin with in San Francisco, USA in the name of Vithal Kamat on Management Contract basis, further expansionis in the pipeline. In the same year Vits Luxury Business Hotel atMumbai was opened. 2007 : Clear Water Capital Partners funding for the New Projects.Also the First Heritage Hotel Fort Jadhav Gadh was opened. 2008 : VITS successfully rolls out across 5 major cities in India ,Pune , Nagpur , Aurangabad , Nasik 2008 : Lotus Resortslaunched and roll out across Goa, Murud Dapoli Beach, Udaipur,Silvassa, Aronda Backwaters. 2009 : Fort Mahodadhi commences 1st phase of operations. 2009 : Lotus Konark Commences operations. 2010 : Lotus Karwar commences operations 2010 VITS Delhi & Bhubhaneshwar to commence operations 2010 Orchid MumbaiExpansion to commence operations 2010 Vithal Kamat,Honourable CMD wins PATWA award at Berlin for hisachievements in Hospit ality Industry.