Oberoi Resorts’ patriarch Prithvi Raj Singh Oberoi has relinquished his positions as government chairman of EIH Ltd and chairman of EIH Related Resorts Restricted.
His nephew, Arjun Singh Oberoi has been appointed in his place as Govt Chairman with instant impact, the corporate stated. He presently was Managing Director – Growth of the corporate.
The announcement got here via a BSE submitting from the corporate’s managing director and chief government officer, Vikram Oberoi.
In his letter, Vikram Oberoi stated that PRS Oberoi will commit extra time to his well being.
Popularly often called “Biki”, P.R.S. Oberoi is the son of late Rai Bahadur M.S. Oberoi, the founding father of The Oberoi Group. Oberoi is 93 years outdated and has held this place for over twenty years since 2002. The Oberoi Group, based in 1934, presently operates 33 resorts, two Nile cruisers and a motor vessel within the backwaters of Kerala. It operates 13 resorts within the nation below its Oberoi Resorts and Resorts identify and one other 10 in numerous components of the world below the identical identify.
The letter added, “PRS Oberoi’s visionary management as Govt Chairman of the EIH Group quickly grew our popularity within the lodge trade and made it one of the vital revered lodge operators on this planet. Many people who’ve been related to The Oberoi Group would have personally witnessed Mr. PRS Oberoi’s ardour and dedication in guaranteeing our resorts are amongst the best globally. Mr. Oberoi may be personally credited with the opening of a number of iconic resorts that set new requirements of luxurious and repair globally. Oberoi Resorts & Resorts is extensively recognised right this moment among the many absolute best on this planet. It’s the duty of every considered one of us to make sure his distinguished legacy continues and grows.” PRS Oberoi additionally established ‘The Oberoi Centre of Studying and Growth’ in 1967 which the letter added is taken into account amongst the most effective in Asia.
As per its annual Administrators Report, in FY21, the corporate reported a consolidated whole revenue of ₹554.9 crore and a complete lack of ₹383 crore in the identical fiscal down from a complete revenue of ₹220.2 crore in FY20.
Supply: Live Mint