Gujarat Hotels Director Discussions

N. Anand

Nakul Anand (66), DIN: 00022279, a Non-Executive Director of the Company since 6th January, 1998, was appointed as the Chairman of the Company effective 21 st March, 2009. He is an Executive Director on the Board of ITC Limited (ITC) and oversees the Hospitality and Travel & Tourism Businesses of ITC.

An Economics Honours Graduate from Delhi University with an AMP Degree from the Bond University, Australia, Anand joined erstwhile ITC Hotels Limited as a Management Trainee in 1978. He has also served as the Managing Director of that company from 2003 to 2005.

In a career that spans more than four decades, Anand has been acknowledged for his vision, commitment and for his role as a thought leader to the tourism and hospitality industry. Building on ITCs ethos as an exemplar in sustainability, he has passionately advocated the imperative for a sustainable business model of hoteliering. Leveraging the significant learnings of sustainable excellence within ITC, he has led the team at ITC Hotels to pioneer the concept of ‘Responsible Luxury in the hospitality industry. This commitment has won global recognition for ITC Hotels as the largest chain of hotels in the world having the maximum number of LEED? Platinum certified properties.

Anand has been a past President of the Hotel Association of India and past Chairman of the CII National Tourism Committee. He was also a Member of the India-Sri Lanka CEOs Forum, and Council Member & Executive Committee Member of the National Culture Fund, Ministry of Culture - Government of India. He is presently a Member of the National Tourism Advisory Council constituted by the Ministry of Tourism - Government of India, Chairman of the Federation of Associations in Indian Tourism & Hospitality, and a Member of the Executive Committee of the Hotel Association of India. He is also a Member of the Senior Advisory Council of the Sustainability Hospitality Alliance. Anand was recognised as the ‘Corporate Hotelier of the World 2019 by Hotels Magazine USA. He was also conferred with Lifetime Achievement Awards at the Hotel Investment Conference - South Asia 2022 and by the Iconic Forum 2023, and the ‘Outstanding Exemplar in the Promotion of Travel, Tourism & Hospitality Award by FOODFOOD Awards 2022. In April 2023, he has been honoured with the prestigious ‘Hall of Fame Award at the Global Hospitality Awards 2023 organised by the International Hospitality Council, London, in collaboration with the International Institute of Hotel Management.

Other Directorships

Name of the company Position
ITC Limited# Executive Director
International Travel House Limited# Chairman & Non-Executive Director
Landbase India Limited Chairman & Non-Executive Director
Fortune Park Hotels Limited Chairman & Non-Executive Director
WelcomHotels Lanka (Private) Limited* Chairman & Non-Executive Director
Srinivasa Resorts Limited Vice Chairman & Non-Executive Director
Bay Islands Hotels Limited Non-Executive Director
Maharaja Heritage Resorts Limited Non-Executive Director

Committee Membership of other companies

Name of the company



International Travel House Limited

Nominations & Remuneration Committee


M. S. Bhatnagar

Mohan Swarup Bhatnagar (71), DIN: 00834857, was appointed as Non-Executive Independent Director of the Company on 28th June, 2019. He is a Graduate from St Stephens College and holds a Master in Business Administration from FMS, Delhi University. He joined ITC Limited (ITC) in the year 1975. In a long career spanning over 40 years, he held various job positions in Finance function before taking over as the Head of Finance for Hotels Division of ITC. Subsequently, he held charge of Growth and Development for the Hotels Business as Executive Vice President. He was also a member of the Management Committee of the Hotels Division and was on the Board of various joint venture and subsidiary companies of ITC. He retired from ITC in September, 2013. Post retirement, he is actively involved in angel investing and mentoring select start-up ventures.

Bhatnagar does not hold directorship of any other company.

C. K. Koshy

Cheruvettolil Kochukoshy Koshy (78), DIN: 01478704, was appointed as a Non-Executive Independent Director on the Board of the Company on 1st May, 2007. He is a Master of Arts in Political Science and Public Administration. He joined the Indian Administrative Service in 1968, when he was allotted to the Gujarat Cadre, and superannuated in February, 2005. In a long career spanning over 39 years, Koshy has held several eminent positions including those of Additional Chief Secretary - Department of Revenue, Industries and Mines, Tourism and Civil Aviation and Finance, and Principal Secretary to the Chief Minister. He served the Government of India as Joint Secretary & Financial Advisor to the Department of Atomic Energy, and as Executive Director of Nuclear Power Corporation of India Limited. He has also held the posts of Managing Director of the Tourism Corporation of Gujarat, Sardar Sarovar Narmada Nigam, Gujarat State Small Industries Corporation and Girinar Scooter Limited. He was the Joint Managing Director of Gujarat Industrial Investment Corporation and Chairman of Gujarat State Petroleum Corporation Limited, Gujarat State Petronet Limited and Gujarat Energy Research and Management Institute.

Post retirement, Koshy has been a consultant to the Department for International Development- UK, the World Bank and to the Department of Personnel and Administrative Reforms, Government of India. He was appointed Professor Emeritus in the faculty of Planning and Public Policy at CEPT University. He has also served as Advisor at CEPT Research and Development Foundation at CEPT University.

Koshy does not hold directorship of any other company.

M. Narayanan

Mahalinga Narayanan (78), DIN: 00159288, was appointed as Non-Executive Independent Director on the Board of the Company on 10th January, 2008. He is a Post Graduate in Commerce, Graduate in Law, Diploma Holder in Business

Management and holds certified Associated Membership of the Indian Institute of Bankers. He has rich experience of over four decades in Banking, Project Finance, Administration and related areas. Narayanan started his career with the Reserve Bank of India in 1964 and moved over to the Bank of Baroda in 1969 and continued till March, 1985. During his tenure in Bank of Baroda, he worked in all departments of commercial banking operation and was in-charge of large branches of the Bank. In April, 1985, he joined Industrial Finance Corporation of India and held senior management positions. In October, 1997, he joined Tourism Finance Corporation of India Limited as Managing Director and rose to the position of Chairman and Managing Director, which position he held till his retirement in September, 2006. He was conferred with "Udyog Rattan Award" in the year 2005 by the Institute of Economic Studies, New Delhi.

Other Directorships

Name of the company Position
Cox & Kings Limited# Independent Director

Committee Membership of other companies

Name of the company Cox & Kings Limited

Committee Audit Committee

Position Chairman

Remuneration Committee Member

Stakeholders Relationship Committee


B. Sharma

Benita Sharma (59), DIN: 08582861, was appointed as a Non-Executive Director on the Board of the Company on 15th October, 2019. An Economics Graduate from the Allahabad University, she started her career with ITC Limiteds (ITC) Hotels Division as a HMI (Hotel Management Institute) trainee in 1987 and then moved to various managerial positions in ITC in the areas of Sales, Reservations and Marketing. Since then, she has held senior management positions at several ITC Hotels in various locations. Earlier, she was posted as an Area Manager Leisure Hotels and General Manager with WelcomHotel Sheraton, New Delhi.

In 2012, Benita was entrusted with the portfolio of Area Manager - Golden Triangle, which included leisure hotels in Agra (ITC Mughal), Jaipur (ITC Rajputana), Manesar (ITC Grand Bharat), WelcomHotel Sheraton, New Delhi, WelcomHotel Dwarka, WelcomHotel Khimsar, WelcomHotel Bella Vista, WelcomHotel Jodhpur and WelcomHotel The Savoy. She employed innovative strategies which fructified Golden Triangle hotels being top performers in the chain in terms of guest satisfaction indices, which is determined by quality parameters through guest feedback. Driven by creativity and quality of new inspirational upmarket trends, her endeavour has always been to cultivate and maintain the finest hotel operation. Currently, she is the

Area Manager for North, Luxury Hotels and General Manager of the flagship Hotel-ITC Maurya.

Benita does not hold directorship of any other company.

A. Thakar

Ashish Thakar (56), DIN: 09383474, was appointed as Non-

Executive Director of the Company effective 13th November, 2021. He is a Chartered Accountant and also holds a M.B.A. degree in Finance, with 30 years of experience of which 20 years has been in the hospitality industry. He joined ITC Limited

(‘ITC) in 1992 at its Corporate Head Office in Kolkata. During his stint with the ITC Hotels Division since 1994, he was posted at various hotels viz. Welcomgroup Searock, ITC Windsor, ITC Kakatiya, ITC Park Sheraton, ITC Sonar and thereafter at the Hotels Division Headquarters. He played a key role in the opening of ITC Kakatiya in 1996 and ITC Sonar in 2002 where he was posted as the first Financial Controller of these properties.

Between 2007 and 2011, Thakar headed the Strategic Systems Project Group at the Hotels Division which led the IT and business process transformation for ITCs Hotels. From 2012 till 2014, he worked in the Corporate Finance function at ITCs

Corporate Head Office as a Divisional Manager in the Strategic

Planning department.

Thereafter, Thakar led the Finance and Commercial function for all new and gestating businesses of ITCs Foods Division till 2021. Since then he is leading the Finance, IT and Procurement functions of ITCs Hotels Division.

Other Directorships

Name of the company Position
Fortune Park Hotels Limited Non-Executive Director
Bay Islands Hotels Limited Non-Executive Director
Srinivasa Resorts Limited Non-Executive Director
Maharaja Heritage Resorts Limited Non-Executive Director
Logix Developers Private Limited Non-Executive Director
Landbase India Limited Non-Executive Director

Committee Membership of other companies: NIL

* Denotes foreign company.

# Denotes listed Indian company whose securities are listed on a recognised stock exchange.


1. Other Directorships and Committee Memberships of Directors are as on 26th July, 2023.

2. Committee Memberships cover Committees under the Companies Act, 2013 viz., Audit Committee, Stakeholders Relationship Committee, Nominations and Remuneration Committee and CSR Committee of Indian companies.