{{short description|Indian luxury hotel group}} {{Use dmy dates|date=October 2018}} {{Use Indian English|date=October 2018}} {{Infobox company | name = The Oberoi Group | logo = The_Oberoi_Group.png | type = Private | foundation = {{Start date and age|df=yes|1934||}} | founder = Mohan Singh Oberoi | location = New Delhi, India | key_people = {{Unbulleted_list|Arjun Singh Oberoi<br>{{small|(Executive Chairman)}}|Vikramjit Singh Oberoi<br>{{small|(MD & CEO)}}}} | industry = Hospitality industry | products = Hotels and resorts | num_locations = 32 | num_locations_year = 2017 | area_served = Worldwide | revenue = | operating_income = | net_income = | num_employees = 13,000 (2017)<ref>{{cite web|title=What are The Oberoi Group's three grand pillars of success?|url=https://www.peoplematters.in/article/aon-best-employer/what-are-the-oberoi-groups-three-grand-pillars-of-success-18233|access-date=10 December 2017 |website=People Matters}}</ref> | owner = East India Hotels Limited (32.1%) | subsid = | homepage = {{URL|https://www.oberoigroup.com/}} | footnotes = }}
'''The Oberoi Group''' is a luxury hotel group with its head office in New Delhi, India.<ref>"[http://www.oberoihotels.com/contact_us/overview.asp Contact Us]." Oberoi Group. Retrieved on 14 November 2012. "Oberoi Hotels & Resorts 7, Sham Nath Marg, Delhi-110 054, India."</ref> Founded in 1934, the company owns and operates 32 luxury hotels and two river cruise ships in 7 countries, primarily under its Oberoi Hotels & Resorts and Trident brands.<ref name="Oberoi Hotels">{{Cite web|url=https://www.oberoihotels.com/about-us/|title=About-us|publisher=Oberoi Hotels}}</ref> The group also operates The Oberoi Centre of Learning and Development, which is regarded as one of Asia's top institutions for hospitality education.<ref name="Financial Express">{{cite news |last= |first= |date=4 May 2002|title=MS Oberoi: Hotelier Par Excellence|url=https://www.financialexpress.com/archive/ms-oberoi-hotelier-par-excellence/45338/|newspaper=Financial Express}}</ref>
== History == The foundations of The Oberoi Group date back to 1934 when Rai Bahadur Mohan Singh Oberoi, the founder of the group, bought two properties: the Maidens in Delhi and the Clarkes in Shimla.<ref>{{Cite web|date=2021-07-08|title=How Mohan Singh Oberoi Built Hotel Chain Worth Crores From Rs 25 That His Mother Gave Him|url=https://www.indiatimes.com/trending/human-interest/success-story-of-mohan-singh-oberoi-544510.html|access-date=2021-12-20|website=IndiaTimes|language=en-IN}}</ref>
In the following years Oberoi, assisted by his two sons, Tilak Raj Singh Oberoi and Prithvi Raj Singh Oberoi, continued the expansion of their group with properties both in India and abroad.<ref>{{cite web|title=About Our Founder|url=http://www.oberoigroup.com/careers/about_us/our_founder.htm|access-date=10 December 2015 |website=Oberoi Group}}</ref>
== Ownership == [[File:Oberoi Trident, Nariman Point.jpg|thumb|Trident, Nariman Point, Mumbai]] [[File:Raj Vilas2, Rajastan.jpg|thumb|Oberoi Rajvilas, Jaipur]] The two major holding companies of The Oberoi Group are EIH Ltd and EIH Associated Hotels (formerly East India Hotels).<ref>{{Cite web |title=EIH limited about |url=https://www.eihltd.com/about/#:~:text=EIH%20Ltd%20and%20EIH%20Associated,under%20the%20Trident%20Hotels%20brand.}}</ref> Arjun Singh Oberoi is the current chairman of The Oberoi Group, his cousin, Vikramjit Singh Oberoi is CEO at the holding companies.
The Oberoi family is the majority shareholder in EIH Ltd with a 32.11% stake.<ref>{{Cite web |title=Oberoi Trident |url=http://yamm.finance/wiki/Oberoi_Trident.html}}</ref> Conglomerate ITC Limited owns approximately a 14.98% stake in EIH Ltd.<ref>{{Cite web |title=ITC non-committal on EIH's rights issue |url=https://economictimes.indiatimes.com/markets/stocks/news/itc-non-committal-on-eihs-rights-issue/articleshow/6701620.cms}}</ref> To ward off pressures from ITC Ltd. whose ownership stands precariously close to the automatic open offer trigger at 15%, the Oberoi family divested a 14.12% stake in EIH Ltd. to Mukesh Ambani-led Reliance Industries Investment and Holding Pvt Ltd. The stake sale happened on 30 August 2010 for {{INRConvert|10.21|b|lk=r|year=2010}} valuing EIH Ltd. at an enterprise value of {{INRConvert|72|b|year=2010}}. Recently the stake of Reliance further raised from ITC and it stood at 20% overall for Reliance Industries.<ref>{{Cite web |title=Reliance likely to increase stake in Oberoi Group's EIH Ltd |url=https://www.livemint.com/news/india/reliance-likely-to-increase-stake-in-oberoi-group-s-eih-ltd-1563939394085.html}}</ref>
== Properties == The company currently manages 32 hotels under the luxury brand ''Oberoi Hotels & Resorts'', with a further 10 five-star properties under the ''Trident Hotels'' brand. The group also operates the Clarkes Hotel in Shimla and the Maidens Hotel, Delhi. However, these two properties are not held under the Trident or under the Oberoi brand. The Clarkes Hotel, after remaining temporarily shut following its lawns caving in because of construction in the eco-sensitive vicinity, reopened on 16 September 2012.<ref>{{Cite web |title=Oberoi Mohan Singh |url=https://famoushotels.org/news/oberoi-mohan-singh}}</ref>
== See also == * Taj Hotels * The Postcard Hotel
== References == {{Reflist}}
==External links== {{commons category inline}} * {{official}}
{{Portalbar|Companies|Hotels}} {{hotel chains}}
{{DEFAULTSORT:Oberoi Hotels And Resorts}} Category:The Oberoi Group Category:Indian companies established in 1934 Category:Companies based in Delhi Category:Hospitality companies established in 1934 Category:Hospitality companies of India Category:Indian brands Category:Luxury brands Category:Real estate companies established in 1934