Indian Hotels Company Limited is targeting ₹6,000-7500 crore in capital expenditure over the next five years as it expands across India and select international markets, chairman N Chandrasekaran said at the company’s annual general meeting on Tuesday.
Investments will be made in digital applications, cybersecurity as well human resources to maintain quality standards and enable the company to benefit from AI tools, he said. There is no plan to raise fresh equity or debt and the company will use internal accruals for growth.
Chandrasekaran said IHCL has diversified significantly in the last 5-10 years and has created multiple platforms to address different market segments. In FY 2026 it signed 250 properties increasing its portfolio to 630 and opened 132 new hotels.
Chandrasekaran said the company will continue to expand across segments and open new hotels in North East, Punjab and Himachal Pradesh.
“The scope for expansion is very high. Why can’t we have a Ginger hotel at every district headquarters? Today we have 250 Ginger hotels and we can target 1,000 hotels over a period,” he said responding to shareholder questions.
He said FY 2026 was another strong year for IHCL with the company posting consolidated revenue of ₹9971 crore and net profit of ₹2247 crore. In FY 2026 the company generated free cash of ₹1450 crore and increased total cash balance to ₹4,300 crore.