Ventive Hospitality Ltd.

Incorporated in February 2002, Ventive Hospitality Limited is in the hospitality business, primarily focusing on business and leisure segments. The company primarily focuses on developing and managing high-end luxury hotels and resorts.As of September 30, 2024, the company has 11 operational hospitality assets in India and the Maldives, with 2,036 keys across various upscale segments.The company's hospitality assets are operated by or franchised by global operators such as Marriott, Hilton, Minor and Atmosphere.The company's hotels are located in prime areas like Pune and Bengaluru, popular tourist spots such as the Maldives, and significant spiritual and cultural centres like Varanasi.The company's pre-acquisition luxury hospitality asset comprises JW Marriott, Pune, and its post-acquisition luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.As of September 30, 2024, the company had 2,791 permanent employees and employed 632 personnel on a contract basis across its hospitality assets.Competitive StrengthsPremium hospitality assets complemented by Grade A annuity assetsEstablished track record of development and acquisition-led growth in India and the MaldivesRenowned Promoters with global and local expertiseProfessional and experienced management teamProven track record of adding value through active asset managementWell-positioned to benefit from strong industry tailwinds

Ventive Hospitality Ltd. proposes to utilise the net proceeds from the Issue for the following objects: