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Taj Group of Hotels announces Executive transition- Mr. Raymond N. Bickson to Step Down as Head of India's Largest Hotel Operator

August 2014

Mumbai, August 7, 2014 - The Indian Hotels Company Limited (The Taj Group of Hotels) today announced that Mr. Raymond N. Bickson will step down as Managing Director and Chief Executive Officer of the company, effective from August 31, 2014. Mr. Bickson, who has spent the last 11 years in a leadership position with India's largest hotel company, will pursue his professional interests elsewhere.

Mr. Cyrus P. Mistry, Chairman of Indian Hotels Company Limited said, "We're grateful to Mr. Bickson for his many years of leadership at the Taj Group. His three decades of hospitality expertise have helped to make the Taj Group and its brands some of the most respected names in the international hotel and resort industry. We're fortunate to have more than 20,000 dedicated employees, a strong senior management group, and an experienced Board to help us move forward into the next phase of Taj's growth."

Under Mr. Bickson the Taj Group's brand growth and expansion into major gateway cities worldwide have left the company well-positioned to take advantage of a steadily strengthening global economy and improving international travel trends. Since the Taj Group's founding more than a century ago with the fabled Taj Mahal Palace Hotel in Mumbai, the company has grown to encompass 127 hotels on five continents. Mr. Bickson said, "Our team has positioned Taj's four brands - Taj Hotels, Resorts and Palaces, Vivanta by Taj, Gateway Hotels and Ginger Hotels - as distinctive growth-oriented brands that offer the best of Indian hospitality and modern luxury to sophisticated travellers worldwide."

About Taj Hotels Resorts and Palaces

Established in 1901, The Taj Group of Hotels is one of Asia's largest and finest group of hotels, comprising 108 hotels in 63 locations across India with an additional 17 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East. From world-renowned landmarks to modern business hotels, idyllic beach resorts to authentic Grand Palaces, each Taj hotel offers an unrivalled fusion of warm Indian hospitality, world-class service and modern luxury. For over a century, The Taj Mahal Palace, Mumbai, the iconic flagship has set a benchmark for fine living with exquisite refinement, inventiveness and warmth. The Taj Group of Hotels is part of the Tata Group, India's premier business house.

For further information, please contact:

Rakhee Lalvani
Indian Hotel
Mob-+919920043352
Email: Rakhee.lalvani@tajhotels.com

Munavar Attari
Rediffusion/Edelman
Mob: +91 9930143535
Email: Munavar.attari@edelman.com

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