Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 30 2018

V Resorts eyes expanding to eastern and northeastern India

As of now, the brand is managing seven-eight properties in the eastern region, including one each at the Sunderbans and Kolkata.

V Resorts, Boutique leisure travel brand, is planning to expand its footprint in eastern and northeastern India with an investment of about Rs 15 crore over the next three years.

Aditi Balbir, Founder and CEO, V Resorts, "The company is planning to acquire management of around 1,500 properties across India, of which 100 will be in the eastern and north-eastern states over the next three years. The total investment will be around Rs 106 crore ($15 million). For this, we shall raise funds to the tune of around Rs 70 crore."

As of now, the brand is managing seven-eight properties in the eastern region, including one each at the Sunderbans and Kolkata.

"We feel there is a lot of untapped potential in this market. Several locations in West Bengal, Meghalaya, Assam, Bihar and Odisha are a hotspot for travellers in search of leisure stay. We intend to cater to that space," she further said.

Balbir added, "With the expansion, our workforce will also increase from the current 2,100 to about 15,000. We recruit mostly local talent."

She also said, "We plan to expand in south and south-east Asian countries such as Sri Lanka, Thailand and Singapore. The Sri Lankan operations will start by the end of this fiscal. The middle east businesses should begin by the next 12-15 months."

Comment
image
Related opportunities
  • Online Coaching
    About Us: ‘Connecting The Dots’ (CTD) was established in 2013 by..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: Growing Tots emerged in 2014. The Directors have 12..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • Fine Dine Restaurants
    About Us: Established in 2007, Marrakesh, a venture of Marrakesh Hospitality..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • About Us: C.H.I.L.D an initiative of Mrs. Kavitha Chandra Mouli hasa..
    Locations looking for expansion Tamil nadu
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities