ANNUAL REPORT 2016-17 - Taj Hotels Resorts and Palaces

Annual Report 2016-2017

CONTENTS

Company Information Financial Highlights Notice Directors' Report Management Discussion and Analysis Report on Corporate Governance Business Responsibility Report Standalone Financials Break-up of Total Expenses Auditors' Report Balance Sheet Statement of Profit and Loss Statement of Cash Flows Statement of Changes in Equity Notes to Financial Statements Financial Statistics Consolidated Financials Auditors' Report Financial Statements Statement under Section 129(3) of the Companies Act, 2013 in Form AOC-1 relating to subsidiaries, associates and joint ventures Consolidated Financial Statistics

2 3 4-17 18-49 50-70 71-88 89-97

98 99-105

106 107 108-109 110 111-186 187-188

189-193 194-276 277-278

279

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The Indian Hotels Company Limited

COMPANY INFORMATION

Board of Directors

Management

N. Chandrasekaran

Chairman

(Appointed w.e.f. February 22, 2017)

Rakesh Sarna

Managing Director & CEO

Cyrus P. Mistry (Resigned w.e.f. December 19, 2016)

Mehernosh S. Kapadia

Executive Director ? Corporate Affairs

Deepak Parekh

Giridhar Sanjeevi

Chief Financial Officer

(Appointed w.e.f. May 4, 2017)

Nadir Godrej

Chinmai Sharma

Chief Revenue Officer

Ireena Vittal

Dr. P. V. Ramana Murthy

Senior Vice President ? Human Resources

Gautam Banerjee

Farhat Jamal

Senior Vice President - Operations (West)

Vibha Paul Rishi

Prabhat Verma

Senior Vice President - Operations (South)

K. B. Dadiseth (Resigned w.e.f.April 7, 2017)

Suma Venkatesh

Senior Vice President ? Real Estate & Development

Shapoor Mistry (Resigned w.e.f.April 25, 2017)

Rohit Khosla

Senior Vice President - Operations (North)

Dr. N S Rajan (Resigned w.e.f October 28, 2016)

Rajendra Misra

Senior Vice President ? General Counsel

Rakesh Sarna

Managing Director & CEO Beejal Desai

Vice President - Legal & Company Secretary

Mehernosh S. Kapadia

Executive Director ? Corporate Affairs

Anil P. Goel (Retired w.e.f October 15, 2016)

Executive Director & Chief Financial Officer

Registered Office & Share Department Mandlik House, Mandlik Road, Mumbai 400 001. Tel: 6639 5515 Fax: 2202 7442 CIN: L74999MH1902PLC000183 Email: investorrelations@ Website:

Solicitors Mulla & Mulla & Craigie Blunt & Caroe

Auditors Deloitte, Haskins & Sells, LLP PKF Sridhar & Santhanam, LLP (for part of the year)

Bankers The Hongkong & Shanghai Banking Corporation Ltd Standard Chartered Bank State Bank of India HDFC Bank Ltd ICICI Bank Ltd

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Annual Report 2016-2017

FINANCIAL HIGHLIGHTS

Total Income Profit/(Loss) Before Tax Profit/ (Loss) After Tax, Non-controlling Interest & Share of Associates & Joint Ventures Total Assets Equity Other Equity Non-controlling interest Total Equity Borrowings Debt : Equity Ratio Book Value per Share of ` 1/- each - In ` Earnings Per Share - Basic and Diluted - In ` Dividend proposed Per Share - In `

STANDALONE

2016-17

2015-16

CONSOLIDATED

2016-17

2015-16

` crores ` crores ` crores ` crores

2,445.11

2,374.12

4,065.20

4,122.78

258.85

152.89

30.58

(91.17)

141.94

84.15

(63.20)

(231.08)

6,093.59

5,967.22

8,634.28

9,815.38

98.93

98.93

98.93

98.93

2,516.97

2,276.65

2,418.76

2,481.32

-

-

737.82

742.93

2,615.90

2,375.58

3,255.51

3,323.18

2,048.98

2,157.65

3,382.98

4,526.09

0.78:1

0.91:1

1.04:1

1.36:1

26.44

24.01

32.91

33.59

1.43

0.85

(0.64)

(2.34)

0.35

0.30

0.35

0.30

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