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Roots Corporation Chief Executive Officer Resigns for personal reasons

Mumbai, April 2, 2018: Indian Hotels Co. Ltd (IHCL), a leading hospitality company in South Asia, today announced Mr. Rahul Pandit, MD and CEO of Roots Corporation, a subsidiary of IHCL that owns and manages the Ginger brand of hotels, has resigned effective April 2, 2018 due to personal reasons. Mr. Pandit has been with the company for around three years.

IHCL Managing Director and CEO and Roots Corporation Chairman, Mr. Puneet Chhatwal said, “The Board respects Rahul’s decision and thanks him for his leadership. During his tenure, Ginger expanded its portfolio  in line with the company’s growth strategy whilst achieving its highest customer satisfaction ratings . We wish him the very best with his endeavors. There is a stable leadership team in place at Roots Corporation and we will continue to pursue our aggressive plans for the company.”

Mr. Pandit stated, “It has been an honour to lead Roots Corporation over the last few years. It was an exceptional learning experience which added value to my professional journey. I would like to thank my board members and colleagues for their support during my stint.”

About The Indian Hotels Company Limited

Indian Hotels Company Limited (IHCL) and its subsidiaries, bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service.   Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - the Taj Mahal Palace, in Bombay in 1903 and currently operates 144 hotels globally across 4 continents, 11 countries and 72 locations.

The Indian Hotels Company Limited (IHCL) is amongst South Asia’s largest Indian hospitality company by market capitalization. It is primarily listed on the BSE and NSE. 

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