Name: ITC -- Welcomgroup
Rank: 5
Worth: Rs 2,300 crore (Rs 23 billion)
CEO: Nakul Anand
What it does: ITC entered the hotels business in 1975 with the acquisition of a hotel in Chennai, which was rechristened ITC Chola. Today, ITC-Welcomgroup has over 90 hotels in 77 destinations.
Despite the downturn, the company isn't lowering growth projections or reducing its workforce. In fact, it plans to double the number of rooms in its luxury hotels to 5,000 in the next three years.
Image: ITC Grand Maratha, Mumbai. | Photograph, courtesy: ITC -- Welcomgroup
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