Mansingh Hotels has piled up debt particularly on the project of its Super Deluxe 5 Star Hotel in Jodhpur where Rs 100 cr debt has been taken.
Mansingh Hotel's Multiplex / Mall - MMX, Ghaziabad has remained closed since 01/04/2015
Mansingh Hotels intends to Sell / Mortgage/ invite joint ventures for its Hotels etc to reduce debt.
The Company is holding a Postal ballot for this step.
The Company is Asset Laden.
February 03, 2017
Mansingh Hotels ( Indo Continental Hotels )
Originally promoted , in 1970 , as “S.B. properties and Enterprises Ltd.” name changed “Indo Continental Hotels and Resorts Ltd.” in 1987
The Company later changed its name , around 2012 ,to the present ,“Mansingh Hotels and Resorts Ltd.”.
The present promoters , of Mukand Lal group ( original Promoters of Mukand Iron ) took over Mansingh Hotels and Resorts in early 1980 s.
The Company started its Hotels operation from 1978 onwards.